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Copper: prices move sideways in a narrow range
Copper prices continue to show signs of short-term consolidation after a brief rebound that stalled in late August. Meanwhile, the bottom found in mid-July and the peak of the subsequent rebound have created a short-term trading range for the current sideways trend....
Copper: Codelco proposes 2023 European premiums at record levels
Chile's Codelco, the world's largest copper mine, is proposing to sell copper to European buyers at a record premium of about $235/ton for 2023, up sharply from 2022. The premiums set by state-owned Codelco for physical delivery of copper, paid on top of the London...
Steel Italy: stagnation continues for CRC and HDG
Stagnation continues in the Italian markets for cold-rolled and hot-dip galvanized coils. However, the past ten days have seen additional demand. Producers have agreed to more contracts, particularly for export sales to neighboring European markets such as France and...
Scrap: improving demand in Italy and a potential price increase
According to Italian trade association Assofermet, the tax cut decided by the Italian government to ease the burden of energy prices on energy-intensive sectors has caused many steel mills to resume production, thus increasing demand for scrap. This is causing prices...