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US Ferrous Scrap Export Market: Price Rebound Driven by Turkish Demand
The US East Coast ferrous scrap export market strengthened in the week ending Wednesday, October 1, thanks to a series of transactions concluded at higher prices. The boost came in particular from Turkish steel producers, who rushed to secure volumes for October...
Global HRC Market: Europe Waits, US Slightly Recovers
The European hot-rolled coil (HRC) market recorded a slight decline in prices on Wednesday, October 1st, once again signaling the fragility of domestic demand and the prevailing wait-and-see climate among operators. In particular, in Northern Europe, market valuations...
Tension Rises Over China’s Centralized Iron Ore Procurement System
China's centralized iron ore procurement system, introduced in 2022 to leverage its influence in the global steel commodity market, is encountering growing resistance among operators. According to Commodity Evolution sources, the slowdown in negotiations for long-term...
Asian Black Mass Market: Cobalt Rises, But Trading Limited by Holidays
Sentiment in major Asian seaborne black mass markets gained support in the week ending Wednesday, October 1, thanks to rising cobalt prices, although trading volumes remained weak due to regional holidays. The Democratic Republic of Congo (DRC), the world's leading...