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Copper: falling prices due to the strong dollar and poor Chinese data
Copper prices fell on Thursday as a strengthening dollar made the metal more expensive in euros for overseas buyers, while weak data from major consumer China weighed on demand and risk sentiment. Three-month copper on the London Metal Exchange was down 0.07 percent...
HRC steel: market assesses impact of production cuts
European domestic hot rolled coil (HRC) prices remained unchanged on 27 July, with market participants assessing the impact of unplanned production cuts. In 27 June, German steelmaker Salzgitter issued a force majeure warning to its customers, stating that recent...
Pig iron: war in Ukraine will transform global trade for years to come
The Russian invasion of Ukraine has caused shocks to most commodity markets around the world. With Ukraine and Russia accounting for about 60 percent of the world's merchant pig iron exports, the war has completely changed the game for global pig iron trade. The war...
Stainless steel: Chinese imports fell by 48.74% in January-May
China imported 141,700 tonnes of stainless steel in May, up 16.09% month-on-month and down 38.35% year-on-year, while it exported 352,100 tonnes, down 6.43% month-on-month and 27.67% year-on-year. In May, China's net export tonnage was 210,400 tonnes, down 17.23%...