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BIR and EuRIC Express Concern Over Scrap Export Restrictions
The European Commission (EC) announced plans to consider restrictions on scrap metal exports as part of the European Steel and Metals Action Plan, published Wednesday, March 19. The move has sparked heated debate among major recycling associations, including the...
Sea Freight Rates From Asia Continue to Fall
Maritime container rates from Asia continued to fall last week, surpassing the lows recorded in early 2024. This decline was driven by a combination of factors: the post-Chinese New Year holiday slowdown, effects from new services from shipping line alliances that are...
The Market for Ingots and Steel Rebar: An Analysis Between Stagnation and Expectation
The ingots and steel rebar markets appear to be going through similar phases of uncertainty, but with different dynamics. Both sectors are closely linked to geopolitical changes, commodity cost trends, and fluctuations in supply and demand. In particular, the bullion...
Rising Stainless Steel Prices in China: Factors and Prospects
During the week to Wednesday, March 19, the range of stainless steel prices in China widened upward. This increase was driven by rising nickel pig iron (NPI) prices and persistent weak demand in the manufacturing and construction sectors. The valuation for 2 mm grade...