This morning in metals news, Rusal saw its fourth quarter 2017 aluminum production rise, commodities generally escaped the brunt of Monday’s market plummet and European steel demand is set to rise in 2018.
Rusal Aluminum Production Jumps
According to Platts, Rusal’s Q4 2017 aluminum production rose 1.5% year over year.
Rusal’s production was up 1.4% from its third quarter total.
Commodities Avoid Fallout from Monday Meltdown
Despite the historic Dow market drop on Monday, commodities made it through relatively unscathed on account of strong demand, Bloomberg reported.
European Steel Growth to Rise in 2018
According to the European steel association Eurofer, Europe’s steel sector will see increased growth this year but also will be threatened by imports, Reuters reported.
According to the report, apparent steel consumption in the European Union is expected to increase by 1.9% this year.