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Steel Scrap In China Under Pressure, Between Weak Seasonal Demand And Reduced Steel Margins
Spot prices for imported steel scrap in China reversed course in the month ended Thursday July 3, after a phase in which the market had managed to maintain a certain balance. Weighing on sentiment were above all the seasonal weakness in steel demand, reduced steel...
Chinese Zinc Smelters Prepare Production Cuts, While TCs Collapse To Historic Lows
Chinese zinc smelters that are members of the China Zinc Smelter Purchase Team are preparing to reduce production, in an attempt to contain the impact of an increasingly tight concentrates market and economic conditions that have become difficult to sustain. According...
Norsk Hydro To Supply Nexans With 85,000 Tonnes Of Low-Carbon Aluminium Wire Rod For European Power Grids
Norsk Hydro, Europe’s largest aluminium producer, has signed a five-year agreement with Nexans to supply 85,000 tonnes of low-carbon aluminium wire rod between 2026 and 2030. The agreement, announced on Monday July 6, strengthens the link between low-carbon aluminium,...
European Secondary Aluminium Declines, Between Weaker LME, Lower Scrap And Slower Summer Demand
European secondary aluminium prices recorded a new decline in the week ended Friday July 3, penalized by weakness in the aluminium market on the London Metal Exchange, by the fall in scrap prices and by the seasonal slowdown in demand. The downward movement affected...