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US Ferrous Scrap Export Prices Rise: Turkish Demand Supports Market Despite Rising Freight Rates and US-China Tensions
US ferrous scrap export prices continued their upward trend in the first half of October, supported by new transactions to Turkey and demand to replenish inventories for November shipments. Despite rising freight costs and maritime tensions between the United States...
Base Metals Slow at SHFE: Copper Leads Declines in an Increasingly Cautious Market Following Trade Tensions
Base metal prices on the Shanghai Futures Exchange (SHFE) recorded slight declines on the morning of Friday, October 17, with the sole exception of tin, which closed slightly higher. Copper posted the sharpest decline, reflecting a more cautious sentiment among...
ArcelorMittal Considers Restarting Its Hunedoara Rolling Mill in Romania, But Doubts Remain About Costs and Supplies from Ukraine
The steel group ArcelorMittal is evaluating the possibility of restarting rolling operations at its Hunedoara mill in Romania as early as November, according to a company press release on Wednesday, October 15. The plant had been suspended in early September due to...
China: Zinc Treatment Charges Hit $120/t as Arbitrage Declines and Smelters Increasingly Aggressive
Treatment charges (TCs) for zinc concentrates imported into China increased further in the two weeks to Friday, October 10, driven by worsening import arbitrage conditions and increasing pressure from smelters to obtain higher processing rates, according to Commodity...