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Steel Industry Prospects between Weaknesses and Opportunities: Analysis of the European Market
Despite the current market weakness, some end producers are showing interest in negotiating supply lots for the 4Q of 2024 and the 1Q of 2025. This move is motivated by the hope of taking advantage of the current low quotations. However, a recent amendment to the...
China and the New Regulations for the Import of Recycled Aluminium and Copper
China's Ministry of Ecology and Environment (MEE) recently unveiled draft regulations that aim to facilitate the import of recycled aluminium and copper. These new regulations are part of a broader strategy to improve supply and increase the competitiveness of Chinese...
Hot Rolled Coil (HRC) Prices in Europe: A Detailed Look
Hot rolled coil (HRC) prices in Europe remained largely unchanged, reflecting sluggish demand and a market awaiting higher offers. According to market sources, attempts by domestic producers to increase prices on 5 July were mostly unsuccessful. The Market...
Ferrous Scrap Market Performance: June Analysis
June saw a national ferrous scrap market characterised by declines and a general slowdown. Steel mills and foundries reduced their purchases, contrary to expectations of stability. Prices suffered small but steady weekly reductions, influenced by high stock volumes...