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Lead: price rises as stocks in warehouses fall
Lead prices touched a seven-week high on Thursday, thanks to plunging inventories amid concerns about smelter closures. 3M lead gained as much as 2.8 percent to $2,093.50 a ton, the highest since Aug. 18, before pared gains and traded up 0.86 percent at 17:15 GMT+2....
Copper and zinc: prices rise due to LME restrictions on UMMC deliveries
Zinc and copper prices are rebounding after the London Metal Exchange imposed conditions on new metal deliveries by Russia's Ural Mining & Metallurgical Co and one of its subsidiaries. Other metals also rose, buoyed by hopes of improved demand from top consumer...
Zekelman to close California steel pipe plant
Zekelman Industries will close its steel pipe manufacturing plant in Long Beach, California, citing the increase in U.S. pipe imports from Mexico as the driving factor for the closure. According to the U.S. Census Bureau, the projected volume of steel pipe imports...
Demand for cars grows but steel supply is in crisis
Foundry closures in China and Europe are impacting the production of steel used for car manufacturing. However, demand for vehicles remains strong. To meet this demand, enough steel needs to start flowing globally before more vehicles can be produced. Steel is not the...