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Stainless Steel Market in Downturn: 304 Scrap Price Hits New All-Time Low
In the heart of the American stainless steel scrap industry, the week leading up to Thanksgiving brought another downward jolt. 304 scrap, the most popular grade and a symbol of stainless steel production, hit its lowest level ever. A new low confirms a consolidated...
European Premiums Rise: Copper Heats Up Again After a Sluggish Autumn
After weeks of sluggishness and an October that seemed destined to end without a hitch, the European copper cathode market has suddenly regained momentum. In the fortnight ending November 25, European premiums recorded a strong rebound, marking a clear reversal from...
Hydro Reshapes Europe: A Historic Restructuring for Aluminum Extrusions
A wind of change is blowing through the European aluminum sector. Norsk Hydro, one of the global extrusion giants, has announced one of the most profound reorganizations in its recent history: the closure of five plants by 2026, a radical step to strengthen...
NPI in Free Fall: China Market Hits Five-Year Low
The Chinese nickel pig iron (NPI) market is experiencing one of the most challenging periods of the past decade. In the week ending November 21, prices of the material—a key component of stainless steel production—fell for the seventh consecutive week, hitting a low...