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Steel Coils, Three-Speed Markets: Cautious Europe, Rising US And China Driven By Costs
International coil markets are moving in different directions at the end of August. In Europe, the return from the summer break has not yet produced a convincing recovery in trading; in the United States, limited spot availability continues to support prices; in...
European Aluminum: Tariff Risk Fades, Premiums Return Under Pressure
Reports of a possible reduction in US tariffs on Canadian aluminum produced only a brief bullish reaction in the European market. Once the Section 232 rate was confirmed to remain at 50%, market participants returned their focus to regional fundamentals: weak demand,...
Southeast Asian Copper: PT Smelting Restarts, But Demand Remains Weak
PT Smelting restarted its smelting line on Monday, August 24, after approximately two weeks of maintenance made necessary by a leak at the converting furnace. The restart reduces the risk of a prolonged interruption to copper cathode supply in Southeast Asia, although...
China NPI: Prices Decline Amid Stainless Weakness And Scrap Competition
Chinese nickel pig iron prices recorded a slight decline in the week ended Friday, August 21, penalized by weak stainless-steel demand, limited spot liquidity and growing attention among steel mills toward steel scrap. Stainless-steel producers continued to purchase...