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US Steel: HRC Nears $1,000 And The Market Holds Its Breath
Hot-rolled coil (HRC) prices in the US Midwest reached $980 per short ton on Friday February 20, fueling a question that is now circulating insistently among distributors and producers: how much further can prices rise? The daily HRC fob mill US Midwest index stood at...
Scrap In South Asia: Diverging Sentiment Between India, Bangladesh And Pakistan
The ferrous scrap market in South Asia showed mixed signals in the week ended Friday February 20. While India and Pakistan recorded a cooling of domestic steel demand, Bangladesh returned as a protagonist with a deep-sea booking from the United States, signaling that...
India Toward 400 Million Tonnes: The New Frontier Of Global Steel
India aims to become one of the absolute pillars of the global steel industry. The declared objective is ambitious: to reach 400 million tonnes per year of crude steel capacity by 2035-36, against a backdrop of rapidly growing domestic consumption and sustained...
Copper Concentrates: Market On Pause But Under Extreme Pressure
The spot market for copper concentrates slowed this week due to the Lunar New Year holiday in China. With many smelters temporarily out of the market, treatment and refining charges (TC/RCs) remained broadly stable, but at levels close to historic lows. The copper...