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Saudi Ferrous Scrap Rises, Eastern EAF Mills Surprise The Market
Ferrous scrap purchase prices increased at the beginning of the week at some major Saudi steel producers equipped with electric-arc furnaces, surprising a market that instead expected a weaker start to July. The move quickly changed sentiment, especially because it...
Alcoa Returns To Growth: The South32 Acquisition Redraws The Upstream Aluminium Map
For much of the past decade, Alcoa worked to become a smaller, stronger and more disciplined company. It sold assets, closed high-cost operations, strengthened the balance sheet and repeated to investors the message of financial prudence. The priority was to simplify,...
Iron Ore Slightly Higher, But The Market Remains Cautious Between Expensive Coke And Weak Steel
Seaborne iron ore prices recorded a slight increase on Tuesday June 30, recovering ground after the previous decline. The move, however, did not substantially change market sentiment, which remains marked by caution because of elevated stocks at Chinese ports, ample...
Italian Steel In Adjustment, Prices Defended Despite Weak Demand
The Italian steel market continues to move through a cautious phase, with prices largely defended by mills and domestic demand still weak. The prevailing reference remains around 440 euros per tonne ex-works, although some specific concessions have appeared in recent...