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Zinc Leads The SHFE, Arbitrage Pushes Chinese Metal Toward Overseas Markets
Base metals listed on the Shanghai Futures Exchange recorded a predominantly positive performance on the morning of Friday August 28, with zinc once again leading the complex. The most-traded October contract rose by 1.06% to 26,140 yuan per tonne, supported by a...
Germany Takes A Firmer Approach Toward China, Industrial Defense And Green Steel Enter The Same Strategy
Germany can no longer rely exclusively on traditional free-trade principles while China strengthens its competitive position through subsidies, production overcapacity and other practices capable of distorting the market. This is the message delivered by German...
US Steel Coil, Imports Become More Expensive But Remain Competitive Against The Domestic Market
US prices for imported hot-rolled and cold-rolled coil increased on Wednesday August 26, while the market tried to navigate reduced domestic availability, scheduled mill maintenance and growing trade tension between the United States and Canada. The increase did not...
Scrap, Turkey Keeps Prices Stable While Kardemir Revives Long-Steel Demand
The Turkish deep-sea scrap market went through a day without new transactions on Wednesday August 26, with indices remaining unchanged after purchases concluded in previous sessions. Turkish mills continued to buy European and Baltic material at substantially stable...