LIVE FUTURES REPORT 30/08: LME nickel hits 5-yr high, backwardation nears $100/t

Nickel’s three-month price on the London Metal Exchange continued to trend higher during morning trading on Friday August 30, breaking through the 2018-high while its cash/three-month spread remains tight. Reaching an intra-morning high of $16,835 per tonne, nickel futures surged past the key $16,690-per-tonne resistance level achieved in the wake of US-imposed sanctions on Russian…

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SSAB Introduces Flexibility Measures in Finnish Operations

SSAB introduces flexibility measures and initiates employer-employee negotiations in its Finnish operations. The initiatives are due to a reduction in production volumes in the Nordic operations. The negotiations to be initiated concern potential temporary lay-offs in the Finnish operations, excluding Lappohja tube mill and the subsidiaries Ruukki Construction, Tibnor, Raahen Voima and Presteel. The negotiations…

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POLAND REBAR: Prices stable while market activity starts seasonal recovery

Domestic rebar prices in Poland remained unchanged this week with market activity just beginning to recover after the seasonal summer slowdown, sources told Fastmarkets on Friday August 30. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, remained at 2,150-2,200 zloty ($542-555) per tonne on August 30. The assessment reflected the… Source…

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