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Asian Stainless Steel Declines, Chinese Inventories Rise And Sellers Sacrifice Margins
Stainless steel prices in Asian markets declined in the week ended Wednesday August 26. Weak demand and the continuing increase in Chinese inventories pushed sellers to prioritize volumes over margins, reducing offers in an attempt to secure orders and clear...
UK Secondary Aluminium, Scarce Scrap And Excess UBC Divide The Market
The UK secondary aluminium market followed divergent directions during the latest week. The substantial stability of aluminium quotations on the London Metal Exchange did not provide a precise impulse, leaving conditions in the physical market to determine the...
50% Tariffs, Canada Responds To The United States And The Trade War Hits Steel And Aluminium
The trade confrontation between Canada and the United States has entered a phase of rapid escalation. Starting on September 8, Ottawa will apply 50% tariffs to a broad range of steel and aluminium products imported from the United States, doubling the 25% rates...
European Nickel, The 4×4 Cathode Premium Falls While The LME Continues To Rise
The European physical nickel market showed two opposing dynamics during the latest week. The premium for cathodes cut into the 4x4 format declined significantly in Rotterdam, penalized by weak demand in the latter part of the summer holiday season, while premiums for...