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Aluminum: prices react with supply deficit outweighing concerns over Chinese demand
Aluminum prices rebounded Tuesday as falling inventories outweighed demand concerns triggered by rare protests in several Chinese cities against tight COVID-19 restrictions. Three-month aluminum on the London Metal Exchange is up 0.77 percent at $2,390/mt at 09:45...
Steel production: recovery in October for southeastern Europe
Southeastern European (SEE) crude steel production decreased in October compared to the same month a year earlier, according to the latest Worldsteel data. Regional production was 385,700 tons, down 7.8 percent from a year earlier. However, production was higher than...
Steel: Cliff shuts down its largest blast furnace for 3 days of maintenance
The Cleveland-Cliffs integrated steel mill shut down its largest blast furnace for three days of scheduled maintenance, which began over the U.S. holiday weekend. The steel mill shut down blast furnace No. 7 at its Indiana Harbor steel mill in East Chicago, which has...
Metals: with China slowing down price volatility could extend into 2023
Several dynamics have driven metals prices this year. From the strength of the dollar to the war in Ukraine to the still ongoing energy crisis. However, as in the past two decades, the main recurring theme remains Chinese demand. As a producer and consumer of most of...