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Chinese Zinc, Exporters Wait For A Clearer Arbitrage Signal
Chinese zinc ingot exporters remain in a waiting position, after months of preparation and observation of the differential between the London Metal Exchange and the Shanghai Futures Exchange. The market is watching closely the possibility of reopening export flows...
Posco Starts Up South Korea’s Largest Electric-Arc Furnace
POSCO has completed construction of South Korea’s largest electric-arc furnace at the Gwangyang steelworks, marking an important step in the transition toward lower-carbon steel production. The plant, announced by the company on Wednesday June 17, represents one of...
Pig Iron In Italy, Weak Demand And More Competitive Scrap Hold Back The Market
The Italian pig iron market continues to move within a difficult balance, squeezed between international quotations still stable at elevated levels and domestic demand that remains very weak. The current phase is not characterized by strong price movements, but by a...
Global Steel Scrap, Weak Steel Demand Keeps Buyers On The Sidelines
Global ferrous scrap markets remained broadly weak in the week ended Friday June 19, held back by still fragile finished steel demand in the main importing regions. Steel mills continued to move with extreme caution, limiting purchases and trying to push prices lower...