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Steel: Hungarian producer Dunaferr placed in receivership
The Hungarian integrated flat steel producer Dunaferr has gone into receivership, and the mayor of Dunaujvaros, the industrial town where the steel mill is located, has appealed to the national government to take it over. The court ordered the liquidation of Dunaferr...
Aluminum: China absorbs metal as domestic production shrinks
Chinese imports of primary aluminum jumped to a one-year high of 110,700 tons in November, a significant reversal from the recent past. The country became a net exporter in the first half of 2022, with the primary metal shipped as far as Europe and the United States...
HRC steel: recently market activity generates cautious optimism
European traders of hot-rolled coils were cautiously optimistic Dec. 21, predicting that the recent recovery will continue in the first quarter. The market was quiet prior to the holidays, with most distributors replenishing material to fill inventory shortages. Most...
Copper: prices drop from one-week highs on Chinese COVID fears
Copper prices fell from one-week highs Thursday as demand concerns due to a surge in COVID-19 infections in China, the main consumer, overshadowed support from a weaker dollar and falling stocks. Three-month copper on the London Metal Exchange is down 0.33 percent at...