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Steel Consumption in Chinese Manufacturing at Highest for Six Years
Steel consumption related to manufacturing in China reached its highest level in six years in March. However, escalating trade tensions between China and the United States pose a real threat in the short term. The steel-related manufacturing output index stood at 149...
Steel Ferrous Scrap In Turkey Slips To One And A Half Month Low
The Turkish ferrous scrap market touched new lows in the last week, with HMS 1/2 (80:20) quotations reaching the level of $357 per ton CFR. The descent is the result of a mix of weak fundamentals, declining steel production, and strongly bearish sentiment dominating...
Weaker Asian Market For Black Mass: Concerns About Tariffs And Facilities In Malaysia.
During the week ended Wednesday, April 23, payable values (payables) for black mass destined for major Asian seaborne markets declined slightly. Two factors were the main causes: U.S.-China trade tensions, particularly concerns about increased U.S. duties on imports...
LME Evaluates Sustainability Premium For Nickel, Copper, Aluminum And Zinc Registered Trademarks.
The London Metal Exchange (LME) announced on April 23 that it is considering the introduction of new sustainability premiums for LME-registered base metals, specifically nickel, copper, aluminum and zinc. The goal is to meet the growing demand for metals with...