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European Long Steel Stalled: Rebar And Wire Rod Remain Stable Amid Weak Demand And Slow Construction Sites
The European long steel market continues to move in a phase of fragile balance. In the week to Wednesday May 27, domestic prices for reinforcing bar remained substantially unchanged, while weak demand prevented the market from accepting attempts by Italian producers...
US Flat Steel Higher: CRC And Galvanized Rise Amid Tight Supply, Solid Demand And Long Lead Times
The US market for cold-rolled and galvanized flat steel continued to strengthen in the week ended Thursday May 28, with new increases for cold-rolled coil and hot-dipped galvanized steel. The market tone remains bullish in the near term, supported by a combination of...
Chinese Ferrosilicon Higher: The Shanxi Mining Accident Pushes Costs, Futures And Export Prices
The Chinese ferrosilicon market recorded an increase in the week to Wednesday May 28, after a serious accident at a coal mine in Shanxi province, one of the key areas for the country’s coal production. The event, which caused the death of 90 people, triggered an...
Copper Scrap Toward China: Discounts Narrowing, Firm Demand And Invoice Quotas Still A Bottleneck
The Chinese copper scrap market showed in the week to Tuesday May 26 a slight narrowing of spot discounts against the three-month copper price on the London Metal Exchange, supported by strengthening futures markets and by still solid domestic demand for recycled...