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British Scrap, August Freezes Prices While Exports Provide Support
Steel scrap prices destined for the British domestic market remained unchanged in the August negotiations. Seasonal purchasing weakness was offset by regular material availability and the strengthening of export quotations, creating a balance that neither side had an...
Base Metals In Red In Shanghai: Tin Leads The Losses As Stocks Rise
Broad selling moved through the entire base-metals complex on the Shanghai Futures Exchange during the morning of Tuesday August 18. Tin recorded the sharpest decline, followed closely by copper, in a session affected by geopolitical uncertainty, energy-related...
Alumina Market Remains Tight Despite Alunorte Restart
Brazilian alumina refinery Alunorte began recovering production on August 13 after reaching a temporary terminal-access agreement with gas supplier CELBA. The restart came only two days after the announcement of a 50% cut, equivalent to around 3.15 million tonnes of...
Global Ferrous Scrap Markets Diverge As Turkey Buys At Lower Levels
International ferrous scrap markets followed divergent directions in the week ended Friday August 14. Turkish mills continued to rebuild inventories for September shipment, but fresh European and US cargoes were booked at slightly lower levels, putting pressure on...