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HRC steel: European buyers show increased interest despite expected price increase
European buyers of hot-rolled coil (HRC) have shown increased interest in making reservations amid a bullish market environment and limited availability. Integrated steel mills in Northern Europe have mainly offered May coils at as low as 820 euros per ton EXW, with...
China will issue new policies to promote recovery and sustainable consumption
Li Chunlin, deputy director of the China National Development and Welfare Commission, said the Chinese government will promote sustainable recovery and consumption growth. It will issue some policies to ensure the recovery and expansion of consumption, increase the...
Aluminium: Emirates Global Aluminium’s 2022 profit rises to a record $2 billion
Emirates Global Aluminium (EGA), one of the world's largest aluminum producers, said Tuesday that its annual net profit for 2022 rose 34 percent to a record 7.4 billion dirhams ($2.01 billion) thanks to rising metal prices. The UAE company said the average price...
AQR heads 10 hedge funds suing LME over nickel crash in March
AQR Capital Management has formally filed a lawsuit in London against the London Metal Exchange (LME), joining nine other hedge funds in a series of claims over the exchange's decision to cancel billions of dollars of nickel trades last year. AQR and DRW Commodities...