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HRC Steel, Europe And China Diverge: Scarcity Pushes EU Prices Higher, Demand Restrains The Asian Market
The global hot-rolled coil market is showing a growing divergence between Europe and China. In Italy and Northern Europe, producers are seeking to consolidate increases by leveraging limited material availability, while buyers are assessing imports more cautiously...
European Secondary Aluminium: Ingot Prices Fall While Scrap And Energy Squeeze Margins
The European secondary aluminium market is going through a period of increasing tension. Prices for DIN226/A380 pressure diecasting ingot declined following a strong start to the week, while scrap and energy costs continued to rise, squeezing producer margins. Weak...
Zinc Rallies Strongly, Leading The SHFE While The LME Approaches $4,000
Zinc once again dominated the base metals complex, recording the largest increase on the Shanghai Futures Exchange on Tuesday September 8. The most-traded contract gained 1.61% to reach 27,530 yuan per tonne, leading the Chinese market for a second consecutive...
Chinese Magnesium: Costs Push Prices Higher But Weak Demand Caps The Increase
Chinese magnesium prices increased in the week ended Friday September 4, supported by higher raw material costs and producers’ growing determination to defend their margins. The movement was not accompanied by an equivalent recovery in demand: after a brief return of...