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Global Ferrous Scrap Subdued: Weak Demand, Prudent Buyers And Reduced Trades In Major Import Markets
The global ferrous scrap market closed the week to Friday June 5 in a phase of marked operational weakness. Weak demand for finished steel products, the prudent attitude of buyers and the absence of strong directional signals kept trading activity at minimal levels in...
Northern European Stainless Steel Higher: Reduced Import, More Expensive Alloy Surcharges And Mills With Greater Pricing Power
The Northern European market for cold-rolled stainless flat products recorded a price increase in June, supported by a combination of factors that is strengthening the bargaining power of domestic producers. Lower import availability, higher alloy surcharges and...
Italian Scrap Stable At The Start Of June: Prudent Market, Weak Demand And Prices Without Direction
The Italian ferrous scrap market opened June in a phase of substantial stability. After a May close without significant changes, the first days of the new month also did not bring relevant price movements, confirming a picture marked by caution. Activity remains...
Zambia Reopens The Copper Concentrate Valve: Facilitated Exports, Offline Smelters And Increasingly Strategic Sulfuric Acid
Zambia extended until September 30 the waiver from the 10% duty on copper concentrate exports, a decision that allows miners to clear up to 271,742 tonnes of accumulated stocks while three major smelters in the country remain out of service or enter maintenance. The...