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UK Stainless Scrap Mixed, But Europe Remains Supported By Tight Supply And Alloy Costs
The British stainless steel scrap market showed a mixed trend in the week to Friday May 22. On one hand, lower-chromium grades came under new downward pressure, penalized by prudent domestic demand and more selective purchases by steel mills. On the other hand,...
Flat Steel In India Stable, But Demand Remains Weak
The Indian flat steel market closed the week to Friday May 22 in a condition of apparent stability. Domestic prices of HRC, CRC and galvanized coils remained overall supported, but according to operators this resilience does not derive from a real improvement in...
SHFE Metals Falling: Nickel Leads Losses Between High Stocks And Weak Demand
Base metals listed on the Shanghai Futures Exchange opened the session of Tuesday May 26 in negative territory, with a generalized retreat that involved copper, aluminium, zinc, lead, nickel and tin. The movement signaled a return of caution after the rises observed...
Outokumpu USA Strengthens The Scrap Chain In Alabama With A New Shredding Plant
The US stainless steel plant of Outokumpu in Calvert, Alabama, will be able to count on faster and more direct access to recycled raw materials ready for melting. Making this possible will be a new industrial investment of more than 22 million dollars in a shredding...