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Turkish Mills Continue Deep-Sea Scrap Restocking Despite Weak Long Steel Market
Turkish steel producers continued to restock deep-sea scrap for February shipments on Monday January 19, despite weak domestic long steel demand, market sources told Commodity Evolution. A steelmaker in Izmir booked a US-origin cargo of HMS 1&2 (80:20) at $375 per...
European Domestic HRC Prices Steady Amid Muted Trading And CBAM Uncertainty
European domestic hot-rolled coil (HRC) prices remained largely stable on Monday January 19, with trading activity subdued and market participants adopting a cautious stance. Despite thin liquidity, mills continued to seek higher prices for material with delivery from...
Ferro-Molybdenum Widens Its Range In Rotterdam Amid Renewed Buying Interest
The European ferro-molybdenum market showed renewed momentum on Friday January 16, with prices moving into a wider range in Rotterdam, supported by fresh buying activity from downstream consumers. Commodity Evolution’s daily assessment for ferro-molybdenum 65% Mo min,...
New Copper Smelting Capacity Advances Despite Historically Low TC/RCs
Global copper smelting capacity continues to expand, with more than 800,000 tonnes per year of new capacity moving steadily toward production readiness, despite treatment and refining charges (TC/RCs) sitting at historically low levels. According to Commodity...