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Steel Rebar: The Italian Market Tries to Halt the Price Decline
After weeks of progressive decline, the Italian steel rebar market appears to be in a delicate transition phase, balancing between producers' desire to reverse the downward trend and lingering customer skepticism. Since the end of last week, at least one domestic...
Teck Lowers 2025 Copper Guidance Due to Operational Slowdowns in Chile and Canada
Mining group Teck Resources has lowered its 2025 copper production guidance following a series of new operational difficulties at its Quebrada Blanca (QB) mine in Chile and its Highland Valley Copper (HVC) plant in Canada. The company, which signed a $53 billion...
Black Mass Market Halted by Asian Holidays, but Payables Remain Supported
The Asian holidays froze spot black mass trading in the week ending Wednesday, October 8, according to Commodity Evolution. The combination of China's Golden Week (October 1–8) and the Korean holidays of Chuseok and Hangeul Day (October 3–9) led to a week of complete...
HRH Metals Changes Ownership and Opens to the Public: Scrap Becomes Strategic to Strengthen Margins and Increase Volume
Longtime Alabama metals recycler HRH Metals announced a change of ownership effective Tuesday, October 7, along with a plan to open its Moody facility to scrap metal from the public, a move aimed at improving operating margins and increasing incoming material flow....