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Zinc: Befesa acquires American Zinc Recycling
Befesa S.A. has announced the acquisition of the remaining 93% of the U.S. zinc recycling and refining company American Zinc Recycling (AZR). Luxembourg-based Befesa already owned 7 percent of the refining business as part of an acquisition deal completed in August...
Aluminum: Japanese buyers negotiate lower premium for fourth quarter
Some Japanese aluminum buyers have agreed with at least two global producers to pay a premium of $99 per ton over the benchmark price for October-December shipments, down 33 percent from the previous quarter. The figure is lower than the $148 per ton paid in the...
HRC steel: European buyers remain on the sidelines
The European hot rolled coil market remained quiet at the end of the working week, with minimal trading activity amid persistent oversupply. Hot-rolled coils - Hrc - Northwest Europe stood at 748 euros/mt on Sept. 30, broadly stable over the past three trading days...
Steel: Kocaer will expand distribution channels in export markets
Turkish bar and profile producer Kocaer Celik, which plans to focus more on value-added steel production through new investments, is also planning to expand distribution channels in foreign markets. n line with strategic overseas growth plans, the company aims to...