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Shanghai: Base Metal Prices Broadly Steady, But Copper Leads Downward
Base metals listed on the Shanghai Futures Exchange (SHFE) showed marginal and directionless changes during the morning session on Wednesday, October 22, with copper declining slightly and leading the losses, according to Commodity Evolution. As of 10:30 a.m....
Turkey: Scrap Purchases Slow for Steel, Prices Decline Slightly
Turkish steelmakers continued to purchase deep-sea ferrous scrap at a moderate pace early in the week of October 20, held back by weak sales of finished products, market sources told Commodity Evolution. An Izmir steelmaker closed a deal for a cargo from the Baltic...
Unimetals Recycling at Risk: British Company Files for Administrator Appointment
British group Unimetals Recycling (UK) Ltd has filed a notice of intention to appoint administrators in connection with its acquisition of the UK operations of Australian-listed global recycling giant Sims Metals. The news was confirmed in an official filing published...
US Steel Production Rebounds from a Multi-Month Low
Domestic crude steel production in the United States rose to 1.744 million net tons in the week ending Saturday, October 11, marking a sharp rebound after hitting a multi-month low. Capacity utilization stood at 76.1%, according to data released by the American Iron...