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US Stainless Steel Scrap, Export Demand Supports 316 As Prices Hold And Inconel Falls
US stainless steel scrap prices were largely unchanged in the week ended October 6. Strong export demand and limited availability continued to support grade 316, while supply of 304 remained more comfortable. In the nickel alloy segment, meanwhile, Inconel prices...
US Copper Scrap, Discounts Stable While COMEX Supports Brass
The US copper scrap market is maintaining its balance, while the rise in the metal on COMEX is being reflected selectively in brass quotations. In the week ended Wednesday, October 7, discounts applied to No1 copper remained unchanged across the main buying channels,...
SHFE Metals Mostly Lower As Tin Falls 1.67%; Nickel And Aluminium Gain
Base metals traded mostly lower on the Shanghai Futures Exchange on Friday October 9, with tin recording the largest decline. A gradual return of Chinese market participants after Golden Week and macroeconomic headwinds weighed on sentiment, while nickel and...
Italian Rebar Mills Target €480-490 As Existing Bookings Delay Fresh Purchases
Italy’s steel rebar market continues to reflect the price increases of recent weeks, but producers’ latest requests have yet to be tested through trading. A substantial share of customers has already secured material at base prices of up to €460 per tonne ex-works,...