Longer-term demand for steel in China is likely to remain strong, but in the short term, there will not to be enough demand to offset the nation’s weak property market, according to the Sucden Financial quarterly metals report presentation held Jan. 19. “What we’re looking at is a softer demand outlook once we get through .
Consumer demand for various metals such as copper, aluminum, nickel and PGMs faces headwinds over the fourth quarter, notably from the impact of power outages, construction curtailments, decarbonization efforts and monetary tightening in China, Sucden Financial’s head of research Geordie Wilkes said during an Oct. 6 metals market webinar. However, he added that the impact .
Copper prices slipped on Wednesday in depleted volumes as the end of the year approaches, pressured by surging coronavirus infections driven by a new variant of the virus.