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Steel Scrap In India Under Pressure: Weak Demand, Falling Rupee And Buyers Retreating
The Indian imported steel scrap market showed a further slowdown in the week to Friday May 22, confirming a phase of strong caution from steelmakers. The combination of weak demand for finished steel, falling semi-finished prices and a weaker rupee against the dollar...
Silico-Manganese In Europe Rising After The Immediate Exhaustion Of Indian Quotas
The European silico-manganese market recorded an increase on Friday May 22, supported by a clear improvement in sentiment after the rapid exhaustion of the new tariff quotas available for India and other origins. The measure reignited operators’ attention on import...
US Aluminium Scrap Quieter Before Memorial Day, But Prices Remain Supported
The US aluminium scrap and secondary alloys market went through the week to Thursday May 21 at a slower pace, due to the approach of the long Memorial Day weekend. Trading activity reduced, negotiations were less numerous and several operators described a particularly...
FOB Australia Alumina Rising, But The Market Remains Divided Between High Prices And Oversupply
The alumina market closed the week to Thursday May 21 with an apparently contradictory movement. FOB Western Australia prices rose, supported by rumors of trades concluded at elevated levels, while part of the operators continued to question the consistency of those...