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Mixed Base Metals Open the Week, with Aluminum Highlighted
Base metal prices on the Shanghai Futures Exchange (SHFE) showed a mixed trend on the morning of Monday, November 3, with aluminum leading the gains, while copper recorded a slight decline. At 10:30 a.m. (Shanghai time), the most traded contracts were priced as...
Teck Resources Exceeds Expectations with Red Dog Zinc Shipments, But Braces for Mine Decline by 2032
Canadian-based Teck Resources reported higher-than-expected zinc concentrate shipments from its giant Red Dog mine in Alaska, closing the 2025 export season with better-than-expected results despite trade tensions with China. On Wednesday, October 21, the company...
Ryerson and Olympic Steel Merge: Creating a $6.5 Billion Giant at the Heart of the North American Steel Industry
On October 28, 2025, Ryerson Holding Corporation and Olympic Steel Inc. announced a definitive merger agreement that will create a $6.5 billion revenue giant, poised to become the second-largest metallurgical services center in North America. The transaction,...
Pakistan, A Government-Driven Recovery Story
In 2025, Pakistan emerged as one of the most significant growth stories in the Asian ferrous scrap landscape, thanks to a strong rebound in imports and public policies supporting the steel sector. According to Pakistani customs data, ferrous scrap imports in the first...