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HRC steel: Upward trend in the European market is supported by improved apparent demand and reduced supply
On Thursday 16 November, short-term sentiment was cautiously optimistic in the European hot-rolled coil (HRC) markets, with price increases supported by replenishment activity, reduced supply and a lack of competitive import offers. In Northern Europe, in the week to...
Zinco: le scorte dell’LME quasi raddoppiano dopo grandi afflussi
Zinc stocks in London Metal Exchange (LME)-approved warehouses nearly doubled due to large arrivals after months of declining inventories, according to LME data on Thursday. Stocks of the metal mainly used for galvanising steel rose 96 per cent to 133,200 metric...
Aluminium: proposed ban on Russian products will dramatically affect the wire industry and the EU’s green agenda
This month, the European Commission (EC) is finalising its 12th package of sanctions against Russia over the attack on Ukraine, and it appears that several options are on the table, ranging from the relatively non-impactful to the potentially far-reaching. Alarmingly,...
Steel: European mills struggle to raise CRC and HDG prices due to low demand and competitive imports
On 15 November, European steel producers were aiming to increase prices for downstream flat products, but weak demand and competitive imports hampered their bullish moves. In Northern Europe, integrated producers were hoping for increases of EUR 30-50 (USD 32-54) per...