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China’s Manganese Rally Loses Momentum After Months of Sharp Gains
After a strong rally that began in September, manganese prices in China have started to gradually retreat, amid weakening market sentiment. According to market participants interviewed by Commodity Evolution, the corrective phase reflects a shift in expectations...
Central Asia At The Heart Of The Global Tungsten Race
Kazakhstan and Uzbekistan are emerging as new epicenters in the global competition for tungsten, as governments and mining groups seek alternatives to Chinese supply in response to tighter export controls and sharply rising prices, sources told Commodity Evolution....
Turkish Mills Continue Deep-Sea Scrap Restocking Despite Weak Long Steel Market
Turkish steel producers continued to restock deep-sea scrap for February shipments on Monday January 19, despite weak domestic long steel demand, market sources told Commodity Evolution. A steelmaker in Izmir booked a US-origin cargo of HMS 1&2 (80:20) at $375 per...
European Domestic HRC Prices Steady Amid Muted Trading And CBAM Uncertainty
European domestic hot-rolled coil (HRC) prices remained largely stable on Monday January 19, with trading activity subdued and market participants adopting a cautious stance. Despite thin liquidity, mills continued to seek higher prices for material with delivery from...