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Indian Aluminum Scrap Market: Tight Margins and Price Pressure
Secondary aluminum producers in India are struggling: margins are stretched thin, and imported scrap prices are too high to justify further purchases. In the week ending Wednesday, October 1st, the market recorded very low trading volumes, with price ranges...
US Ferrous Scrap Export Market: Price Rebound Driven by Turkish Demand
The US East Coast ferrous scrap export market strengthened in the week ending Wednesday, October 1, thanks to a series of transactions concluded at higher prices. The boost came in particular from Turkish steel producers, who rushed to secure volumes for October...
Global HRC Market: Europe Waits, US Slightly Recovers
The European hot-rolled coil (HRC) market recorded a slight decline in prices on Wednesday, October 1st, once again signaling the fragility of domestic demand and the prevailing wait-and-see climate among operators. In particular, in Northern Europe, market valuations...
Tension Rises Over China’s Centralized Iron Ore Procurement System
China's centralized iron ore procurement system, introduced in 2022 to leverage its influence in the global steel commodity market, is encountering growing resistance among operators. According to Commodity Evolution sources, the slowdown in negotiations for long-term...