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Chinese Copper Scrap Demand Declines: Amid New Tax Rules, LME Rises, and Delays at African Smelters
Chinese copper scrap demand showed a marked slowdown in September, following the change in export tax breaks introduced in August. Making matters worse, the surge in copper prices on the London Metal Exchange (LME) widened spot discounts, reducing buyer interest and...
US Steel Rebar: Prices Stable, Recovering Demand and Limited Supply Support the Market
The US rebar market remains stable, but shows signs of strengthening demand after a disappointing summer for the construction sector. On Wednesday, October 8, domestic and import prices remained unchanged, with market sources reporting a gradual improvement in...
New US Tariffs and Maritime Tensions With China: Furniture, Trucks, and Pharmaceuticals Targeted by Section 232
The United States is preparing for a new wave of sector-specific tariffs introduced by President Donald Trump under Section 232, particularly targeting furniture, pharmaceuticals, and heavy trucks. The measures, announced at the end of September, are expected to take...
Japanese Ferrous Scrap Rises: Weak Yen and Limited Supply Support Prices
The Japanese ferrous scrap market showed signs of strengthening in the week leading up to Wednesday, October 8, with spot prices for lower grades gradually rising due to tight domestic supplies and a weakening yen. According to Commodity Evolution, multinational Tokyo...