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Russia and China trade new copper disguised as scrap to evade taxes and sanctions
Russian copper producer RCC and Chinese companies have circumvented taxes and the impact of Western sanctions by trading new copper wire rods disguised as scrap. The copper wire rods were shredded by a middleman in China's remote Xinjiang Uyghur region to make them...
Global PP, PE and PVC markets: how they will react to rising oil above $90
Oil futures rose above $90/bbl late last week, seeing their highest levels since November, driven by a tight supply outlook, with speculation about extending OPEC+ production cuts through the end of the year and drone attacks on Russian refineries keeping jitters...
Trends and Prospects in the Steel Market: Analysis of Service Centers and Flat Steels.
Service centers for flat carbon steel have seen a further decrease in demand from end users and distribution services, resulting in lower prices. General reluctance to buy, coupled with falling ore and coke prices, has prompted mills to reduce selling prices to...
UpDate – Aluminum: Rusal says new Western sanctions will not hurt its supplies
Russian aluminum giant Rusal, said Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminum to world markets Washington and London on Friday banned metal exchanges from accepting new...