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Steel: growing EU imports from China
European imports of steel products from China are on the rise. In fact, as Eurostat's data shows, in 2023 they came close to 3.8 million tonnes, surpassing the previous record of 3.59 million tonnes in 2022 and touching the highest volumes since 2016, when tonnes had...
Ferrous scrap: Turkish quotations down EUR 73 per tonne from end-2023 peaks
Scrap prices are falling rapidly in Turkey. Currently for HMS 1/2 80:20 a quotation of EUR 354/tonne CFR is estimated, down EUR 73/tonne from the end of 2023. The current price level has not been seen since the middle of last November. The main reason for the current...
Copper: closure of First Quantum’s Panama mine will cost around USD 800 million
According to Trade and Industry Minister Jorge Rivera, the cost of closing the Canadian First Quantum's copper mine in Panama is estimated at around $800m. An inter-ministerial coalition, which is developing the mine closure plan, is working on alternative measures to...
Zinc: prices hit five-week highs thanks to South Korean smelter’s production cutback
Zinc prices rose on Thursday to their highest level in five weeks as a production cut at a smelter in South Korea jeopardised supply, but tepid demand in main consumer China limited gains. The zinc price rally was fuelled by a 20% production cut at Young Poong Corp's...