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Base Metals on the Shanghai Futures Exchange: Mixed Session Amid Negative Data and US-China Trade Truce
Base metal prices on the Shanghai Futures Exchange (SHFE) showed mixed and directionless trading on the morning of Friday, October 31, 2025, amid market sentiment marked by weak macroeconomic data and cautious sentiment related to the US-China trade truce. As of 10:30...
US Ferrous Scrap Market: Cautious Optimism Amid Hopes for US-China Agreement and Imbalances in Maritime Freight Rates
A climate of cautious optimism characterized the US ferrous scrap market in the week ending October 29, 2025, fueled by expectations for the summit between US President Donald Trump and Chinese President Xi Jinping. However, no new maritime cargo transactions were...
Long Steel in Europe: Prices Steady Amid Sluggish Demand and Year-End Strategies
The European long steel market remains stable, but tension is growing behind the scenes. In the week ending October 29, 2025, domestic prices for rebar and wire rod remained virtually unchanged across Europe, with limited demand continuing to hamper producers'...
Ferrous Scrap: 2025 Marks the Beginning of a New Export Geography
2025 was not an easy year for ferrous scrap exporters. Reduced demand in some traditional markets, such as Turkey, and the prolonged decline in prices due to weak steel sales have weighed heavily on the sector, according to several sources told Commodity Evolution....