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Indian Steel Scrap Market Holds Steady Amid Domestic Demand And Global Pressures
In the week to Friday January 16, Indian steel scrap prices remained largely stable, supported by improving demand for finished steel in the domestic market. Market participants noted that firmer domestic fundamentals helped maintain a balance between supply and...
Ivanhoe Starts Up Kamoa-Kakula Smelter As Copper And Sulfuric Acid Take Center Stage
The new Ivanhoe Mines smelter at Kamoa-Kakula, in the Democratic Republic of the Congo, produced its first batches of high-strength sulfuric acid and initial copper anodes in late December, marking a strategic milestone for the entire Central African Copperbelt. First...
European Aluminium Billet Premiums Edge Higher Amid CBAM, Duties And Weak Demand
Aluminium billet premiums in Europe edged slightly higher at the start of 2026, while spot trading activity has so far remained subdued, weighed down by elevated London Metal Exchange (LME) prices and weak demand from extruders. Market participants stressed that the...
UK Steel Scrap Prices Rise In January 2026 Amid Tight Supply And Carbon Pressures
The UK steel scrap market opened 2026 on a firmer footing, with January settlement prices rising by £5–10 per tonne compared with December, depending on grade. The increase has been driven by seasonal collection slowdowns, tighter prompt availability and stronger...