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Ferrous scrap: prices in Italy fell in March, possible price tensions in sight
The Italian ferrous scrap market experienced a predominantly bearish trend in March, with declines of around EUR15-20/mt amid persistently low demand from steel mills, said Assofermet, the association representing Italian distributors of scrap, raw materials and steel...
Steel: demand expected to recover by 1.7 per cent
The World Steel Association (worldsteel) has published its steel demand forecasts for 2024 and 2025, predicting that demand will pick up by 1.7 per cent this year to 1,793 Mt. In 2025, steel demand is expected to grow by 1.2 per cent to 1,815 Mt. Commenting on the...
Aluminium: China’s production exceeds 10 million tonnes in the first quarter of 2024
China's aluminium production in March 2024 was 3.555 million tonnes, bringing the country's total aluminium production in the first quarter of the year to 10.45 million tonnes. On a monthly basis, China's aluminium production in March 2024 increased by 6.66% to 3.333...
LME Steel Scrap: contract registers record daily trading volume
Turkey's CFR scrap futures contracts on the London Metal Exchange (LME) recorded a trading volume of 291,500 tonnes on 8 April, a record, according to the latest data. LME CFR Turkey scrap futures trading volumes have grown significantly in recent years, with around...