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Stainless Steel Prices Near 2025 Lows: Pressure From Overproduction, Weak Demand
Domestic stainless steel prices in China fell again in the week ending Wednesday, June 18, hitting their lowest levels since April 2020. The downturn was triggered by producers and traders needing to reduce excess inventories amid weak demand and still high production...
Australian Alumina Prices Rise, Chinese Prices Decrease
The global alumina market showed mixed signals during the week ending Thursday, June 19, with prices for Australian-sourced material rising while those for its Chinese counterpart declined. Traders are keeping a close eye on Indonesian supply developments and rising...
Weak Demand, Import Pressure Depress European HRC Market
The European hot rolled coil (HRC) market continued to show a decidedly pessimistic tone on Thursday, June 19. Further dampening activity was very subdued domestic demand, compounded by pressure from imported material offers. According to several market sources,...
EU Parliament and Council reach provisional agreement on CBAM simplification
The Council of the European Union and the European Parliament negotiators have reached a provisional agreement on the simplification of the Carbon Border Adjustment Mechanism (CBAM). The agreement, announced on Wednesday 18 June, represents an important step towards...