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Us Ferrous Scrap Exports Sink To 2025 Low As Turkey Pulls Back From Deep-Sea Buying
US ferrous scrap exports fell to their lowest monthly level of 2025 in October, sliding to 630,030 gross tonnes, a 19% decline from September’s 780,299 tonnes. The downturn was driven primarily by a sharp retrenchment in deep-sea purchases by Turkish steelmakers, who...
China Scraps VAT Export Rebate On Photovoltaic Products: A Turning Point For Global Markets
Chinese authorities announced on Thursday January 8 the complete elimination of the value-added tax (VAT) export rebate for photovoltaic (PV) products, with the measure set to take effect from April 1. The decision marks a major policy shift after more than a decade...
Base Metals Slide On The Shanghai Futures Exchange, Nickel Under Heavy Pressure
Base metal prices on the Shanghai Futures Exchange showed broad weakness during the morning session on Tuesday January 13, with most actively traded contracts moving lower. Nickel stood out as the worst performer, recording the sharpest decline across the complex,...
European Coil Market Still Paused After Holidays
The European flat steel market began the new year with little change in prices, confirming a climate of expectation and limited activity in the week ending Wednesday, January 7th. With traders gradually returning after the year-end break, sentiment remains cautious,...