Loading
Global scrap prices rebound
Turkey’s imported scrap prices have shown strong fluctuation in recent deals. Buyers are actively booking new cargoes for March 21 shipments due to increased domestic demand for finished steel. Japan’s main EAF steel mill, Tokyo Steel has increased the...
Aluminum close to highs
Aluminum has reached December 2020 highs in the $2093/ton area (100% target of Fibonacci expansion from the bearish channel breakout point). Will it break up or generate an initial correction? Analyzing the “Uninterrupted Close” statistic, aluminum has...
Global scrap prices rebound
Turkey's imported scrap prices have shown strong fluctuation in recent deals. Buyers are actively booking new cargoes for March 21 shipments due to increased domestic demand for finished steel. Japan's main EAF steel mill, Tokyo Steel has increased the purchase price...
Commodity Insight – Aluminium
Great upward momentum for London-listed aluminum, with prices now in the $2070 area, approaching the recent highs of late December 2020 at $2090/ton. Possible new tests of this level. Will prices succeed in to the break up or will there be new reversals? Analyzing the...