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China’s Base Metal Prices Remain Steady, with Zinc Falling
Base metal prices on the Shanghai Futures Exchange (SHFE) continued to move sideways during the morning of Friday, October 24, confirming the stability that has dominated the market for days. The only metal to record a significant percentage change was zinc, down 0.4%...
Italian Steel Market: Between Stable Rebar Prices and a Slowdown in Ingots
The Italian steel market is experiencing a period of contrasts: on the one hand, rebar is gradually consolidating a new price level; on the other, the ingot sector is showing signs of slowing after a dynamic summer. The rebar market in Italy continues to move along a...
US-China Trade Tensions: New Tariffs, Diplomacy, and Repercussions on Global Shipping
US Treasury Secretary Scott Bessent is preparing to meet with Chinese Vice Premier He Lifeng this week in Malaysia in an effort to ease trade tensions between Washington and Beijing. The meeting comes just days before the planned Trump-Xi summit in South Korea, which...
US Ferrous Scrap Market Stalls: Weak Demand and High Freight Costs Hinder Exports
The US ferrous scrap export market experienced another week of stagnation until Wednesday, October 22, with very little trading on both coasts. Turkish producers, after completing purchases for November shipments, suspended new transactions, while West Coast exporters...