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Base Metals Mixed In Shanghai, Aluminium Rises On Gulf Concerns
Base metals showed mixed movements during morning trading on Thursday July 30 on the Shanghai Futures Exchange, with aluminium leading the gains thanks to an increase close to 1%. The light metal was supported above all by geopolitical tensions in the Middle East and...
European Beams And Merchant Bars, The Worst Appears To Be Over But The Recovery Remains Fragile
The European beams and merchant bars market is approaching the summer break after going through some of the most difficult months of the year. Demand remains weak and the recovery cannot yet be considered consolidated, but the first signs of improvement have emerged...
Australia, Fatal Accident At Peak Downs: BMA Suspends Bowen Basin Operations
A fatal accident that occurred on Friday July 24 at the Peak Downs coal mine in the Australian state of Queensland prompted BHP Mitsubishi Alliance to temporarily suspend operations at its Bowen Basin sites. According to indications collected in the market, the...
European HRC, Import Barriers Support Prices But Demand Remains Weak
The European hot-rolled coil market is approaching the summer break with moderately rising prices, supported above all by lower import pressure. The picture nevertheless remains fragile: trading has been reduced to a minimum, final consumption continues to show...