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EU Aluminium Scrap, Brussels Changes Strategy: Toward A Ban On Exports To Non-OECD Countries
The European Commission has reportedly abandoned the trade instrument prepared to restrict aluminium scrap exports, choosing to intervene through EU waste shipment legislation. Instead of the 15% export duty considered in recent months, Brussels is reportedly working...
SHFE Rises, Zinc Leads: Falling Stocks And Increasingly Tight Concentrates
Base metals traded on the Shanghai Futures Exchange opened the week predominantly higher. During morning trading on Monday September 7, copper, aluminium, zinc, lead and tin recorded positive changes, while nickel was the only metal to lose ground. The largest...
Iron Ore Rises: Freight Supports Prices, But Chinese Margins Restrain The Rally
Seaborne iron ore prices increased on Thursday September 3, supported by the recent surge in ocean freight rates and rising futures on the Dalian and Singapore exchanges. Growth nevertheless remained constrained by weak steel prices and the fourth consecutive coke...
Steel Slab, Italian Import Prices Rise: Chinese Offers Move Toward $580-590
Prices for steel slab imported into Italy increased in the week ending Thursday September 3, supported by higher steelmaking raw material costs in China and the gradual recovery in activity following the summer break. Chinese offers were reported within a very broad...