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US Stainless Steel Scrap Declines: Weak Demand and Excessive Inventories Weigh on the Market Despite Nickel Rebound
The US stainless steel scrap market saw a slight decline in prices in the week ending Tuesday, October 7, amid sluggish trading activity and weak demand from steel mills. Traders are reporting a cautious climate, with high inventories and little buying appetite,...
Base Metals Rise on Shanghai Futures Exchange After Golden Week: Tin Leads Gains, Followed by Copper
Base metal prices opened higher on the Shanghai Futures Exchange (SHFE) on the morning of Thursday, October 9, the first trading day after the long break of China's Golden Week (October 1–8). Optimism was fueled by a combination of supply tensions, particularly for...
Chinese Copper Scrap Demand Declines: Amid New Tax Rules, LME Rises, and Delays at African Smelters
Chinese copper scrap demand showed a marked slowdown in September, following the change in export tax breaks introduced in August. Making matters worse, the surge in copper prices on the London Metal Exchange (LME) widened spot discounts, reducing buyer interest and...
US Steel Rebar: Prices Stable, Recovering Demand and Limited Supply Support the Market
The US rebar market remains stable, but shows signs of strengthening demand after a disappointing summer for the construction sector. On Wednesday, October 8, domestic and import prices remained unchanged, with market sources reporting a gradual improvement in...