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Ocean Freight And Air Cargo Under Pressure: Hormuz Remains Closed, Peak Season Brings Forward Increases And The Trade War Redesigns Flows
Almost 100 days since the start of the war with Iran, the global transport market continues to move in a context of strong uncertainty. Despite periodic rumors of a possible agreement capable of reopening the Strait of Hormuz, the sides continue to exchange attacks...
European Import Coils Waiting For The New Safeguards: Buyers Still, Offers Down And Market More Prudent
The European import market for flat steel began June in a phase of strong prudence. Trading activity remains contained, buyers avoid taking aggressive positions and the dominant theme is the wait for details on the distribution of the new country-specific quotas under...
US Stainless Scrap At Two Speeds: Nickel Supports 316, But Summer Demand Cools The Market
The US stainless steel scrap market showed a mixed trend in the week to Tuesday June 2. The increase in nickel supported some grades linked to richer alloys, in particular 316, while other segments remained stable or showed signs of weakening because of the slowdown...
European Copper Toward The United States: CME-LME Arbitrage Redesigns Cathode Flows
The European copper cathode market is entering a new phase, driven not so much by domestic demand as by the opening of arbitrage opportunities toward the United States. With the differential between the Chicago Mercantile Exchange and the London Metal Exchange...