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European Stainless Steel Declines: Weak Demand Prevails Over Alloy Surcharges
Transaction prices for stainless steel cold-rolled flat products recorded a further decline in Northern Europe, penalized by persistently weak demand and distributor caution. The modest increase in alloy surcharges announced by mills for September was not sufficient...
HRC Steel, Limited Supply On Both Sides Of The Atlantic But European Demand Remains Weak
The hot-rolled coil markets in Europe and the United States continue to be supported by limited availability, but show profoundly different dynamics. In Europe, weak demand and buyer resistance are preventing mills from passing supply tensions into prices. In the US...
European Tin, Elevated Premiums Amid Longer Routes And Record Financing Costs
The European tin market has changed profoundly over the past few months. Longer transit times, rising freight rates and the growing cost of financing metal during its journey to Europe have supported premiums since June, despite demand remaining weak and global...
Chinese Steel, Rebar Rises But Buyer Resistance Slows The Market
Chinese export prices for reinforcing bar recorded a slight increase in the week ended Tuesday, September 8, while wire rod prices remained unchanged. The strengthening of the domestic steel market and rising raw-material costs encouraged sellers to increase offers,...