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European Secondary Aluminium At Historical Highs: Scarce Scrap Pushes Prices Beyond Weak Demand
The European secondary aluminium market reached new historical highs in the week to Friday May 22, confirming a phase of extreme tension along the entire recycling and refining chain. Scrap scarcity, reduced production flexibility of refiners and the increase in raw...
Ukrainian Steel And CBAM: European Demand Remains, But War Limits Production
European buyers continue to seek Ukrainian steel, despite the introduction of the European Union’s Carbon Border Adjustment Mechanism. The problem, however, does not seem to be demand. The real critical issue is the ability of Ukrainian steel mills to satisfy orders...
Manganese Ore In China: Semi-Carbonate Slightly Higher, High Grade Still Under Pressure
The manganese ore market delivered to China showed a divergent trend in the week to Friday May 22. Seaborne semi-carbonate prices rose slightly, supported by greater liquidity and trades at higher levels, while high-grade ore continued to weaken, penalized by still...
UK Stainless Scrap Mixed, But Europe Remains Supported By Tight Supply And Alloy Costs
The British stainless steel scrap market showed a mixed trend in the week to Friday May 22. On one hand, lower-chromium grades came under new downward pressure, penalized by prudent domestic demand and more selective purchases by steel mills. On the other hand,...