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Base Metals Widespread Gains on the SHFE, with Zinc Highlighted
Most base metals traded on the Shanghai Futures Exchange (SHFE) showed positive trends in the morning session on Friday, December 5, with the exception of nickel and tin, which recorded slight declines. The upward movement was particularly evident for zinc, supported...
US Stainless Steel and Nickel Alloy Scrap Slips to Two-Year Lows: Weak Demand, Sluggish Exports, and Abundant Supply
The US stainless steel and nickel alloy scrap market experienced two weeks of marked downward pressure, ending on December 3rd, reaching levels not seen in over two years. Three intertwined factors were the main culprits: virtually no market activity, extremely weak...
Chinese Stainless Steel Stalled: Production High, Prices Stable, and Asia Slightly Rising
After hitting its lowest level in three and a half months in mid-November, the Chinese domestic stainless steel market spent the week ending December 3rd in a period of stability that appears more like a fragile equilibrium than a true pause. In a context dominated by...
Steel Under Pressure Between Europe and the United States: Weak Demand, Declining Tariffs and Inventories Reshape the HRC Market
The global hot-rolled coil (HRC) market is experiencing a period of sharp divergence: Europe continues to navigate a climate of sluggish demand and regulatory uncertainty, while in the United States, prices are rising, driven by tight supplies, reduced inventories,...