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Colin Bennett

Elektrokoppar sees solid copper demand growth - 0 views

www.commodities-now.com/...olid-copper-demand-growth.html

trends copper Elektrokoppar

shared by Colin Bennett on 14 Apr 10 - Cached
  • Global copper demand will rise by 8-9% this year versus 2009 as China's economy powers ahead, the U.S economy continues to improve and Europe follows suit, Swedish copper fabricator Elektrokoppar said on Monday. The privately owned firm, Europe's fifth-largest copper wire rod producer, said its April order books were about 7-8% up on last year due to improved demand from white goods, infrastructure and autos sectors.
Panos Kotseras

Sweden - Elektrokoppar reduces copper wirerod production due to high copper prices - 0 views

www.commodities-now.com/...bstitution-gathering-pace.html

Elektrokoppar copper wirerod

shared by Panos Kotseras on 22 Feb 11 - No Cached
  • Panos Kotseras on 22 Feb 11
     
    Elektrokoppar said that payment terms with end-users need to be shortened due to record high copper prices. The Swedish copper wirerod producer commented that fabricators cannot act as bankers and have to shorten payment terms by nearly 50% compared to last year. The company decided to reduce production of copper wirerod by 20% from 2010 in order to cut the stock level needed to be financed. The main wirerod mill operations have gone down from four shifts to three. At the current copper price levels, Elektrokoppar decided to cover the north European market than selling to other markets with high freight rates and high financing costs.
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