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Ferrous Scrap Import Prices Rise in Turkey Due to Higher Freight Costs and Bulk Vessel Shortage
Deep-sea ferrous scrap import prices into Turkey continued to rise in the week ended October 9, driven by rising ocean freight rates and limited bulk vessel availability, according to market sources cited by Commodity Evolution. An Izmir steel mill finalized two new...
Molybdenum Oxide Prices Rise in Asia on Chinese Demand, Positive Sentiment in Europe
Molybdenum oxide prices in Asia rose again on Monday, October 13, driven by a strong recovery in demand from Chinese importers, market sources told Commodity Evolution. Purchasing activity increased immediately following Golden Week (October 1–8), a period during...
U.S. Crude Steel Production Declines in Mid-October, but Increases Year-Over-Year
Domestic crude steel production in the United States recorded a slight weekly decline in the week ending Saturday, October 11, but remained higher than a year earlier, according to the latest data released by the American Iron and Steel Institute (AISI) and analyzed...
The Pentagon Launches a Massive $1 Billion Plan to Purchase Critical Minerals: Aim to Reduce Dependence on China
The United States has launched one of the largest strategic stockpiling operations for critical minerals in decades, aiming to reduce dependence on Beijing and protect its industrial and military supply chains. According to the Financial Times and confirmed by...