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China CRC And Galvanized Steel, Coke Pushes Prices Higher But Foreign Demand Does Not Follow
Chinese export prices for cold-rolled and galvanized coils continued to rise in the week ended September 1, supported by higher steelmaking costs and hot-rolled coil offers. The push, however, still comes mainly from the cost side: demand from foreign buyers remains...
European Ferro-Molybdenum, Offers Reach $76 But Transactions Are Missing
Ferro-molybdenum available in Rotterdam warehouses was assessed at $75.50-75.90 per kg of molybdenum on September 1, with seller offers concentrated around $75.90-76. The trade log therefore shows seller resistance to moving below the upper part of the assessment, but...
US Steel, New Duties Accelerate Korean Production In America
The United States has assigned new countervailing duties to cold-rolled steel imports produced by Hyundai Steel and POSCO, adding another level of trade protection to a market in which South Korean steel is already subject to a 50% tariff. The US Department of...
Aluminium Scrap, India’s Growth Reshapes Asian Competition
The rapid expansion of India’s secondary aluminium industry is set to transform the balance of Asian scrap trade. Increased automotive production, the development of electric vehicles and investment in new recycling capacity are causing raw-material requirements to...