Loading
Base Metals Rally At SHFE Reopening
The reopening of the Shanghai Futures Exchange (SHFE) after the long Lunar New Year break immediately brought renewed activity to the base metals markets. On the morning of Tuesday February 24, prices recorded a decisive increase, with tin as the absolute protagonist...
Global Scrap: Apparent Stability In A Supply-Tight Market
The global ferrous scrap market closed the week ended February 20 in a condition of broad stability, supported by limited supply and selective restocking operations across the main consuming regions. Behind the apparent balance, however, lies a fragile structure:...
US Steel: HRC Nears $1,000 And The Market Holds Its Breath
Hot-rolled coil (HRC) prices in the US Midwest reached $980 per short ton on Friday February 20, fueling a question that is now circulating insistently among distributors and producers: how much further can prices rise? The daily HRC fob mill US Midwest index stood at...
Scrap In South Asia: Diverging Sentiment Between India, Bangladesh And Pakistan
The ferrous scrap market in South Asia showed mixed signals in the week ended Friday February 20. While India and Pakistan recorded a cooling of domestic steel demand, Bangladesh returned as a protagonist with a deep-sea booking from the United States, signaling that...