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Mexico’s Scrap Market Accelerates: Prices Rise Sharply And Demand Remains Strong
Ferrous scrap prices in Mexico continued to rise in the week to Tuesday January 20, with market participants unanimously describing current conditions as a clear seller’s market. Demand is particularly strong in both the Monterrey area and the Bajío region, two key...
Extreme Cold And Rising Prices Push The US Shredded Scrap Market Higher
The intense cold wave affecting large parts of the United States, combined with higher shredded scrap prices, is leading to a sharp increase in shredder feed prices, market sources told Commodity Evolution on Tuesday January 20. Shredded scrap remains the tightest...
China Pushes Ferro-Chrome Prices Higher: Tsingshan And TISCO Raise February Tenders
China’s leading stainless steel producers, Tsingshan and Taiyuan Iron & Steel, announced on Tuesday January 20 a 50 yuan per tonne increase in their ferro-chrome tender prices for February deliveries. The move confirms the strengthening phase of the market and...
Aluminium P1020 Premiums Between Europe And Brazil: Diverging Trends In An Increasingly Global Market
The European primary aluminium P1020A premium market showed mixed movements in the week to Tuesday January 20, reflecting the impact of recent aluminium backwardation on the London Metal Exchange. This price structure encouraged several sellers to reduce inventories,...