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Indian Flat Steel Decline Ends As Supply Tightens
India’s flat-steel market showed a clear improvement in the week ended Friday August 14, with the previous downward trend now close to exhaustion. Reduced availability in the merchant market, low inventories and more constructive demand allowed mills to defend the...
European Steel Coils Hold Firm Between Inventories And New Duties
European steel coil prices maintained a resilient direction in the week ended in mid-August despite the summer break and abundant import inventories at ports. Domestic CRC and HDG consolidated the increases of around €20 per tonne accumulated in previous weeks, while...
US Aluminium Scrap Stable As Limited Supply Supports Alloys
The US aluminium scrap and secondary alloys market went through the week ended August 13 without major price changes, but stability concealed very different conditions along the supply chain. In smelter-grade scrap, weak export demand continued to exert pressure; in...
Copper Concentrates, Implied Trader TCs Fall Below -$240
The Asia-Pacific copper concentrates market went through another week of severe tightness, with the implied traders’ purchase index falling to -$242.88 per tonne on Friday August 14. The value lost another $2.90 from -$239.98 the previous week, moving beyond the...