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An Unusual Flow of Scrap from the United States to Turkey Signals Asia’s Weakness
A seemingly minor trade operation has revealed how profoundly the geography of the global ferrous scrap market is changing. On November 2, a 50,000-ton cargo sailing from the US West Coast to Turkey caught the attention of traders, not so much for its volume, but for...
Base Metals Rebound on the SHFE
The morning of Thursday, November 13, brought a wave of optimism to the Chinese metals markets. On the Shanghai Futures Exchange (ShFE), most base metals posted solid gains, confirming the strong momentum that began in recent weeks. Tin was particularly eye-catching,...
Trade Tensions and Tariffs in the Balance: US Supreme Court Reshuffles the Deck as Global Shipping Rates Swing Between Rises and Weak Demand
The delicate balance of international trade is back in the spotlight in Washington. Last week, the US Supreme Court heard arguments on the appeal of lower court decisions that invalidated former President Donald Trump's use of the International Emergency Economic...
Turkey, Steel Mills Take Action: Third Consecutive Purchase of Scrap from the United States at Unchanged Prices
The international ferrous scrap market continues to show signs of strength, with Turkey stepping up purchases ahead of the holidays and winter season. On Tuesday, November 11, a US East Coast exporter concluded a new sale to a Turkish steel mill, marking the third...