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Chinese Steel: Slight Recovery for Plate and Coil, but Rebar Market Remains Weak After Golden Week
The Chinese steel market reopened on Thursday, October 9th, after Golden Week (October 1–8th), with a cautious recovery, marked by higher forward prices and a general increase in raw materials, but also by still-weak physical trade and rising inventory levels....
Steel Rebar: The Italian Market Tries to Halt the Price Decline
After weeks of progressive decline, the Italian steel rebar market appears to be in a delicate transition phase, balancing between producers' desire to reverse the downward trend and lingering customer skepticism. Since the end of last week, at least one domestic...
Teck Lowers 2025 Copper Guidance Due to Operational Slowdowns in Chile and Canada
Mining group Teck Resources has lowered its 2025 copper production guidance following a series of new operational difficulties at its Quebrada Blanca (QB) mine in Chile and its Highland Valley Copper (HVC) plant in Canada. The company, which signed a $53 billion...
Black Mass Market Halted by Asian Holidays, but Payables Remain Supported
The Asian holidays froze spot black mass trading in the week ending Wednesday, October 8, according to Commodity Evolution. The combination of China's Golden Week (October 1–8) and the Korean holidays of Chuseok and Hangeul Day (October 3–9) led to a week of complete...