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US Stainless Steel Scrap Slips With Falling Nickel And Weaker Summer Demand
The US stainless steel scrap market closed the week to Tuesday June 23 with prices slightly lower, penalized by lackluster seasonal demand and by the simultaneous weakening of nickel on the London Metal Exchange. In a context already made more fragile by operators’...
The Turkish Scrap Market Remains Under Pressure Between Weak Demand And Increasingly Tight Margins
The Turkish scrap market continues to move in fragile territory, with prices still under pressure after the break of the psychological threshold of $400 per tonne CFR recorded in mid-June. The decline did not end with that first retreat: in the following weeks, “deep...
Copper Scrap In China, Discounts Tighten Amid Preventive Stockbuilding And LME Rally
Copper scrap import discounts into China tightened in the week ended Monday June 22, despite the persistent rally in copper futures on the London Metal Exchange. The move reflects a combination of factors: stockbuilding ahead of the June 30 deadline, aggressive buying...
Chinese Stainless Steel Falls, Weak Demand And Foreign Buyers On Standby
Stainless steel prices in China declined in the week ended Wednesday June 24, both in the domestic market and in the export market, under pressure from still fragile demand and bearish sentiment among operators. The market continues to move in a context of weak...