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Stagnation in the Italian Rebar and Coils Market: Causes and Prospects
Little has changed since a week ago in the Italian HRC Coils and steel rebar market. Prices have remained largely unchanged, with the latest offers from domestic producers not yet fully absorbed. Several traders described demand as weak, as buyers are still holding...
Turkish Ferrous Scrap Price Rise: Causes, Consequences and Forecasts
Ferrous scrap prices in Turkey have risen slightly, supported by increased purchases by Turkish steel mills, reduced material availability and higher freight rates. This phenomenon reflects complex dynamics involving not only the Turkish market, but also interactions...
Freeport Indonesia Inaugurates New $3.7 Billion Smelter at Gresik: Impact and Prospects
Freeport Indonesia has officially launched its new copper smelter, a $3.7 billion project located in Gresik, East Java Province. This initiative responds to the growing demand for copper, which is crucial in the global transition to renewable energy. The new plant, as...
LME Evaluates Hong Kong as New Warehouse Location: Global Strategy and Impacts on the Metals Market
The London Metal Exchange (LME) is considering opening a warehouse in Hong Kong, a move that could strengthen its global presence and improve its logistics operations. This development was announced Thursday by the CEO of the LME's owner company, confirming a...