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Chinese Stainless Steel Rises Ahead Of The Holiday, But The Market Remains Cautious
Stainless steel prices in China’s domestic market increased during the week ended Wednesday September 23, supported by buyers’ restocking ahead of the National Day holiday and a recovery in futures on the Shanghai Futures Exchange. Greater activity primarily favored...
European Steel Coils More Resilient, But Demand Restrains New Increases
The European coil market continues to show greater resilience than during the period before the summer break, but mills’ attempt to consolidate new price increases is still encountering resistance from weak demand. Producers are advancing high offers, supported by...
SHFE Metals Lack A Common Direction, Zinc Leads The Gains
Base metals listed on the Shanghai Futures Exchange moved in divergent directions during morning trading on Thursday September 24. Zinc recorded the strongest increase in the complex, supported by purchases from consuming industries ahead of the Chinese holidays and...
Nickel, Indonesia Dominates Supply But Cannot Control Prices
Building a dominant position in the global nickel market was relatively simple for Indonesia. Transforming that leadership into stable control of supply and prices is proving much more complex. The Southeast Asian country now accounts for more than 60% of global...