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Steel: Dunaferr halts steelmaking in Hungary with closure of second blast furnace
Integrated steelmaker Dunaferr has effectively halted its steel operations in Hungary with the closure of a second blast furnace at its Dunaújvárosdue plant due to an interruption in coke supplies. On Sept. 16, the company said it was forced to stop the second blast...
HRC steel: high inventories, limited demand and rising energy costs fuel negative sentiment
The European hot-rolled coil market maintained negative sentiment on Sept. 20, while trading activity remained minimal and mills failed to pass on rising energy costs to steel prices. Hot-rolled coils in Northwest Europe stood at 774 euros/mt ex-works on Sept. 20,...
Steel: Biden’s “Buy Clean” initiative is a blessing for U.S. manufacturers
The Biden-Harris administration has announced that it will "prioritize the purchase of low-carbon building materials, covering 98 percent of materials purchased by the federal government." With steel plants closing around the world, this is a boon for U.S....
Copper: prices under pressure as stocks rise ahead of Fed decision
Copper prices were pressured by rising inventories in London Metal Exchange (LME)-approved warehouses and a dollar currently on standby that weighed on sentiment ahead of the interest rate decision by the U.S. Federal Reserve later this week. Benchmark copper at the...