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US Ferrous Scrap Market: November Trading Ends in Stalemate, Amid Expectations and Unstable Equilibrium
The US ferrous scrap market closed in November trading with an almost suspicious calm: no price movement across all grades and regions. A fragile but stable equilibrium that froze prices after two consecutive months of declines. "There wasn't enough pressure to push...
European Alloy Aluminum Market Under Tension: Cost Pressure and the Shadow of Production Cuts
The European secondary aluminum market has shown signs of strengthening over the past week, driven by rising raw material costs and growing Asian competition for scrap. According to industry sources contacted by Commodity Evolution, prices have moved higher amid...
Russia Remains Leading Supplier of Metals to LME Warehouses: China Rises, India Declines
At the end of October, Russia remained the leading source country for base metals stored in London Metal Exchange (LME) warehouses, followed by China, which climbed the rankings thanks to new inflows of copper and nickel, while India slipped to third place, losing its...
China’s NPI Prices Hit Three-Month Lows: Stainless Steel Market Pushes Down
The Chinese nickel pig iron (NPI) market continues its decline. For the fifth consecutive week, prices fell, reaching their lowest levels in three months on Friday, November 7. According to Commodity Evolution sources, the weakness in the stainless steel sector,...