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Japanese Ferrous Scrap Rises: Weak Yen and Limited Supply Support Prices
The Japanese ferrous scrap market showed signs of strengthening in the week leading up to Wednesday, October 8, with spot prices for lower grades gradually rising due to tight domestic supplies and a weakening yen. According to Commodity Evolution, multinational Tokyo...
Vingroup Enters the Metallurgical Industry: VinMetal Created with a 10 Trillion Dong Investment
Vietnamese giant Vingroup Corporation, already a major player in the automotive, real estate, and energy sectors, has announced its official entry into the metallurgical industry with the creation of the VinMetal Joint Stock Company for Manufacturing and Trading. The...
Pipe Market Stalled: Between European Regulations, CBAM, and Declining Demand
The welded and seamless pipe sector remains mired in a period of waiting and uncertainty, with prices unchanged and operators cautious. Companies are operating in a context in which European regulations—between the end of the current Safeguard, the entry into force of...
US Plate Prices Steady: Weak Demand and Limited Spot Activity Keep the Market Stagnant
The US cut-to-length plate market remains stagnant. On Tuesday, October 7, prices remained stable, with weak demand and limited spot activity continuing to hamper any recovery in a nearly stagnant domestic market. According to Commodity Evolution, the price for carbon...