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Japanese ferrous scrap export falls 34% m/m in January
Japan, the world's third-largest ferrous scrap exporter, reported a significant decline in scrap exports in January. Export volume stood at 0.48 million tons (down 34% m/m) from 0.73 million tons in December. Higher Japanese export prices and the prevalence of New...
Short-term outlook on China’s steel products
Rebar and wire rod prices may gain ground from March 1-5, not only due to stronger demand from end users, but also due to positive market sentiment. Most construction contractors have resumed work on their projects, much earlier this year than the previous Chinese New...
Increased volatility in non-ferrous metal near major selling levels
On the last trading day, all major non-ferrous metals touched new highs, with copper, aluminum and zinc recording $9616/mt, $2242/mt and $2952/mt, respectively. All of these levels tested important selling areas, with the metals now giving way to new...
Chinese steel prices likely to remain high as demand recovers
According to the latest monthly report from the China Iron & Steel Association (CISA) released on February 23, steel prices in China are likely to continue at their current high levels, supported by a recovery in demand after the Chinese New Year holiday and high...