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European Coil, The North Retreats While Italy Rises On Tight Supply
The European hot-rolled coil market opens the week with divergent directions. In Northern Europe, buyer caution and weak downstream demand are putting quotations back under pressure. In Italy, meanwhile, some confirmed transactions support a slight increase, while...
Specialty Steel, London Prepares SSUK Nationalization And Targets Furnace Restart
The UK government intends to acquire Speciality Steel UK to safeguard more than 1,300 jobs and preserve strategically important production capacity for domestic industry. The September 14 announcement opens a public ownership pathway for the group after the preferred...
Tungsten, The United States Backs Elmet To Build A Supply Chain Independent Of China
The United States is strengthening its commitment to securing tungsten supplies through a program connecting public financing, manufacturing capacity, mining investment and strategic stockpile replenishment. At the center of the initiative is Elmet Group, which...
Shanghai Bonded Stocks, Copper Falls While Arbitrage Restrains Imports
Stocks in Shanghai’s bonded warehouses were predominantly stable in August, with one exception: copper, which declined from July because of export opportunities and limited overseas inflows. Aluminium, zinc and nickel instead maintained the previous month’s...