Loading
Iron Ore Under Pressure In China: Record Port Stocks, Weak Demand And Increasing Discounts
The Chinese iron ore market is going through a phase of evident downward pressure. The accumulation of supplies in the country’s main ports has pushed prices lower on all main grades, with elevated inventories of high-grade, mid-grade and low-grade fines weighing on...
US Ferrous Scrap Stable In June: Mills Full Of Orders, Strong HRC And Abundant Shredded But Not Bearish
The US ferrous scrap market closed the June monthly trade quickly and surprisingly resiliently. Prices remained unchanged on all main grades and in all regions, despite clear abundance of some categories, particularly heavy melting scrap and shredded scrap. Stability...
Bonded Stocks In Shanghai Mixed: Copper Higher, Aluminium Lower And Arbitrage Still Decisive
Base metals stocks in Shanghai bonded warehouses showed mixed movements in May, reflecting a Chinese market increasingly selective and conditioned by weak domestic demand, unfavorable arbitrage and new opportunities linked to re-export. Copper recorded an increase in...
US Pig Iron Paralyzed By Tariffs: Imports Stopped, Buyers Waiting For July And Tariff Risk Up To 37.5%
The US market for imported pig iron has entered a phase of almost total immobility. In the week ended Monday June 8, no new purchases of imported pig iron into the United States were recorded, with traders and consumers blocked by uncertainty over possible tariffs...