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SHFE Base Metal Prices Remain Steady, Nickel Declines
During the morning session on Friday, September 26, base metal prices listed on the Shanghai Futures Exchange (SHFE) showed limited movement, remaining largely range-bound. The exception was nickel, which recorded the most significant decline of the day. At 10:30 a.m....
Prices Rise, Demand Stalled: China’s Stainless Steel Market Amid Costs, Typhoon, and Outlook
The Chinese stainless steel market saw further price increases in the week ending Wednesday, September 24, but the surge failed to stimulate restocking demand ahead of the long National Day holiday (October 1-8). Operators are reporting a cautious climate, with buyers...
Steel Rebars: Falling Prices and New Pressure on the Italian Market
The Italian rebar market is experiencing a challenging period. After the declines of recent weeks, prices have dropped another €10/t, falling to the €250-260/t base price range, according to operators surveyed by siderweb. The widespread perception among traders and...
Typhoon Ragasa Shuts Down Asian Ports and Raises Global Trade Tensions
Typhoon Ragasa left a trail of extensive damage as it crossed the South China Sea, hitting Taiwan and the Philippines before making landfall in China's Guangdong province on Wednesday. Now downgraded to a tropical storm, Ragasa continues its course along the coast,...