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China’s finished steel exports rise 30% year-on-year
According to data released by the General Administration of Customs China (CGAC), China's finished steel export volume rose 30% year-on-year in the first two months of 2021 to 10.14 million tons. Slowing domestic demand and improving foreign demand with global...
Rising in imported Turkish scrap price
Scrap imports in January increased 14% year-on-year: Turkey, the world's largest importer of ferrous scrap, observed a 14% increase in January to 1.93 million tons. The UK remained Turkey's largest supplier, followed by Russia and the Netherlands. However, on a...
High volatility for zinc prices
In the last 1 hour, zinc prices have registered a 4.50% movement between the opening of 8 am (2749.50$/ton) and its minimum (2627$/ton), to then recover part of the lost ground (2720$/ton at 9.30 am). In this way the prices have created a long "spike" (lower line...
Aluminum prices negative for March
Could the seasonality of March be pushing aluminum prices down? From chart 2. it sure looks like prices have been moving negatively in the month under review for the past 30-15-10-5 years. From chart 1. today could be the last day of rebound for aluminum prices, and...