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Excess Inventories! The Domestic Primary Aluminum Billet Market Is Under Pressure
Since June, the Chinese primary aluminum billet market has been hit by a wave of production cuts. Inventories, both domestic and international, have remained at unusually low levels, triggering market "cornering"—hoarding attempts by traders. This has caused spot...
The European Commission Strengthens Control Over Scrap Trade
The European Commission recently announced the implementation of a new customs surveillance mechanism dedicated to monitoring trade flows involving waste and scrap metal. The initiative is part of the broader Action Plan for Steel and Metals, officially presented on...
Italian Scrap Market Stalled: Between Summer Break and Uncertainty About Recovery
The Italian ferrous and stainless steel scrap market is experiencing a period of waiting and stagnation in the final weeks of July, typical of the period preceding the traditional summer break in August. Activity has gradually slowed, trading volumes have decreased,...
Aluminum Billet Premiums Supported by Tight Supply Despite Weak Demand
Premiums for 6063 aluminum billets remained strong in the week ending Friday, July 25, in both Europe and the United States, due to limited material availability despite a rather sluggish global demand environment. According to several market sources, supply tensions...