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Copper: false rebound on Fed speculation
Copper rebounded from its lowest close in four months on speculation about the Federal Reserve's pause in raising interest rates, which increased appetite for risk assets. The rally comes after copper had slipped earlier in the week, hit by mixed Chinese data and...
Stainless steel: prices fall as the outlook for the second quarter deteriorates
April is traditionally a slow month for the stainless steel sector, in terms of activity, due to public holidays in several countries. This year was no different. Purchases throughout the stainless steel supply chain, in all regions, remain mostly limited to immediate...
Gold: economic risks push precious metal above $2,000 as Fed verdict approaches
Gold held well above the $2000 level on Wednesday, supported by uncertainty over the US debt ceiling and other economic headwinds as investors positioned themselves ahead of the Federal Reserve's monetary policy decision. Spot gold was flat at $2,017 an ounce at 11:37...
Steel: the worst seems behind us but demand will remain negative
The year 2022 ended with a sharper-than-expected slump in apparent steel consumption (-7.2%), due to the sharp contraction in steel demand resulting from the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after Q4 2022,...