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Base Metals Mixed On SHFE
Morning trading on April 30 at the Shanghai Futures Exchange showed a fragmented picture for base metals, with diverging movements across major contracts and lead recording the sharpest decline. Overall, the market displayed a mixed dynamic, signaling an unstable...
Weak Global Growth And Steel Demand Without Momentum
In 2026, the global economy continues to grow, but at a slower pace than initially expected. This environment is supporting steel demand, but without generating a real recovery. The picture emerging from the 94th conference of the International Rebar Producers and...
Tsingshan Raises Ferro-Chrome Prices And Stabilizes The Market
Chinese stainless steel giant Tsingshan Holding Group has decided to increase its tender price for high-carbon ferro-chrome for May delivery, marking a new step in managing market balance. The increase, announced on April 27, amounts to 100 yuan per tonne, bringing...
HRC Steel Between Europe And The United States: Two Markets, Two Speeds
The global hot-rolled coil market is moving along two very different trajectories. In Europe, the upward momentum that had supported prices in recent months appears to have faded, held back by weak demand, elevated inventories and limited spot activity. In the United...