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Iron Ore Prices Rise Despite Steel Industry Weakness
The iron ore market rallied this week, surprisingly contrasting with the overall weakness of the steel industry. Analysts are struggling to explain this trend, as China's steel production and domestic consumption levels are yet to show convincing signs of recovery....
Secondary Ingot Prices Rise in Europe, But Scrap Remains Weak
The European secondary aluminum ingot market rallied in the week ending Friday, September 26, thanks to an extension of buying interest from the previous week. According to market sources, suppliers managed to secure slightly higher prices for deliveries expected in...
Russel Metals Acquires Seven US Service Centers From Kloeckner for $119 Million
Canadian-based Russel Metals, a leading metals distributor in North America, announced on Monday, September 29, that it has reached an agreement to acquire seven US service centers owned by Kloeckner Metals Corporation. The transaction is valued at approximately $119...
Zinc Market: Massive Withdrawals from LME Inventories Not Driven by Real Demand
In recent months, several traders have increased zinc withdrawals from LME-registered warehouses, but these movements do not appear to be linked to an increase in physical demand. LME inventories in Asia fell to 41,950 tonnes as of September 29, the lowest level since...