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Steel Rebars: Falling Prices and New Pressure on the Italian Market
The Italian rebar market is experiencing a challenging period. After the declines of recent weeks, prices have dropped another €10/t, falling to the €250-260/t base price range, according to operators surveyed by siderweb. The widespread perception among traders and...
Typhoon Ragasa Shuts Down Asian Ports and Raises Global Trade Tensions
Typhoon Ragasa left a trail of extensive damage as it crossed the South China Sea, hitting Taiwan and the Philippines before making landfall in China's Guangdong province on Wednesday. Now downgraded to a tropical storm, Ragasa continues its course along the coast,...
Southeast Asian Aluminum Scrap Import Prices Remain Stable Despite LME Decline
The Southeast Asian aluminum scrap market remained stable in the week ending Tuesday, September 23, despite the decline in aluminum futures on the London Metal Exchange (LME). The three-month aluminum contract settled at $2,638 per ton, about $80 less than the...
Turkey Amid Limited Scrap Imports and Sluggish Finished Steel Demand
The Turkish steel scrap market remains stagnant. Despite pressures related to transportation costs and some signs of improvement in international negotiations, seaborne imports remain limited, reflecting the weakness of finished steel sales. The last significant...