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Rising in imported Turkish scrap price
Scrap imports in January increased 14% year-on-year: Turkey, the world's largest importer of ferrous scrap, observed a 14% increase in January to 1.93 million tons. The UK remained Turkey's largest supplier, followed by Russia and the Netherlands. However, on a...
High volatility for zinc prices
In the last 1 hour, zinc prices have registered a 4.50% movement between the opening of 8 am (2749.50$/ton) and its minimum (2627$/ton), to then recover part of the lost ground (2720$/ton at 9.30 am). In this way the prices have created a long "spike" (lower line...
Aluminum prices negative for March
Could the seasonality of March be pushing aluminum prices down? From chart 2. it sure looks like prices have been moving negatively in the month under review for the past 30-15-10-5 years. From chart 1. today could be the last day of rebound for aluminum prices, and...
Japanese ferrous scrap export falls 34% m/m in January
Japan, the world's third-largest ferrous scrap exporter, reported a significant decline in scrap exports in January. Export volume stood at 0.48 million tons (down 34% m/m) from 0.73 million tons in December. Higher Japanese export prices and the prevalence of New...