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Zinc Rallies Strongly, Leading The SHFE While The LME Approaches $4,000
Zinc once again dominated the base metals complex, recording the largest increase on the Shanghai Futures Exchange on Tuesday September 8. The most-traded contract gained 1.61% to reach 27,530 yuan per tonne, leading the Chinese market for a second consecutive...
Chinese Magnesium: Costs Push Prices Higher But Weak Demand Caps The Increase
Chinese magnesium prices increased in the week ended Friday September 4, supported by higher raw material costs and producers’ growing determination to defend their margins. The movement was not accompanied by an equivalent recovery in demand: after a brief return of...
US Scrap Prices Remain Stable In September, But The Market Looks Toward A Winter Increase
The monthly ferrous scrap trade in the United States settled rapidly in September, with almost every grade holding at August levels. Ample material availability and maintenance outages scheduled by several steel mills neutralized bullish pressure, allowing buyers to...
Specialty Steel: Inventories And Weak Demand Curb Increases In Stainless And Electrical Steel
The Italian specialty flat steel market reopened after the summer break without a clear direction. In both stainless steel and electrical steel, high inventory levels and still-subdued final demand are preventing producers from fully passing higher energy and other...