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SHFE Metals Decline: Tin Leads The Correction In Shanghai
Base metals listed on the Shanghai Futures Exchange recorded a broad decline during morning trading on Friday September 11. All six main contracts moved into negative territory compared with the previous day’s 3:00pm close, with tin posting the largest fall. A...
Chrome Ore Rises, But Chinese Ferro-Chrome Margins Narrow
UG2/MG chrome ore prices increased in the week ending Tuesday September 8, supported by relatively robust activity in the seaborne market and limited effective availability of material held at Chinese ports. Although port inventories continued to rise, a substantial...
European Long Steel Stable As Italian Increases Fail The Market Test
European domestic long steel prices remained unchanged in the week ending Wednesday September 9. Attempts by Italian mills to obtain increases, motivated by rising energy and gas costs, did not find sufficient support in transactions. The market continues to be...
South American Flat Steel: Prices Stable Amid High Inventories And Vietnamese Risks
South American flat steel import prices remained unchanged in the week ending Friday September 4. Weak demand, still-elevated inventories and increasingly restrictive credit conditions kept buyers on the sidelines, despite the first signs of tension emerging from...