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Ferrous scrap: rising use in steel production in China
The ferrous scrap utilisation in steel production among major Chinese mills (integrated and EAF steelmakers, as well as mills using both blast furnace and EAF technology) increased by 2.35% in March, to an average of 23%. Last month, steel mills held 4.75 million...
Steel scrap: LME contracts fall as March volumes set new records
Short-term steel scrap futures contracts on the London Metal Exchange fell sharply in the week of 7 April as trading volumes declined. The April contract fell by $8.75/mt to $636.50/mt on 7 April. The May contract fell $30.75/mt to $609.50/mt, while the June contract...
Hrc steel: EU import requirements soften slightly
Import requests for hot rolled coils (Hrc) into Europe have softened somewhat since the end of last week, mainly from Asian sources. EU import quotas for the product remain available. Some Indian sources indicate that Hrc prices in Europe cfr are around...
Aluminium: US imports of P1020 fall in February
Imports of unalloyed primary aluminium into the US in February totalled 134,793 tonnes, down 29% from January, while shipments from Canada fell 21.4% to 86,504 tonnes. Shipments of higher-purity aluminium from countries such as the United Arab Emirates were down 49%...