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Base Metals Decline In Shanghai: Aluminium Leads Losses Amid Weak Demand And Global Uncertainty
The trading day of April 21 opened in negative territory for most base metals listed on the Shanghai Futures Exchange (SHFE). Morning trading showed a general decline in prices, with aluminium posting the worst performance in percentage terms. At 10:30am Shanghai...
Global Aluminium Under Pressure: Middle East Bottleneck Pushes Premiums To Record Highs
The reopening of the Strait of Hormuz has brought a semblance of normality back to global trade routes, but operational reality remains far from a full return to efficiency. Tankers and cargo vessels waiting for transit have accumulated over previous weeks, creating a...
Global Steel Scrap Market: Weak Demand And High Costs Weigh On Trade
The global ferrous scrap market continues to move in a weak environment. In the week ending April 17, activity remained generally subdued, with insufficient demand for finished long steel products limiting mill interest. The result is a market characterized by...
HRC Steel Market Between Europe And The United States: Diverging Trends Between Waiting And Supply Pressure
The European hot-rolled coil (HRC) market is going through a phase of stagnation that has surprised many participants. In mid-April, activity proved significantly weaker than expected, even during key events such as the Tube & Wire fair in Düsseldorf,...