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Asian Stainless Steel Under Pressure: Exports Falling, But China Holds Thanks To High Costs
The Asian stainless steel market showed two speeds in the week to Wednesday May 27. On one hand, prices in the seaborne market fell, penalized by weak demand, buyer caution and bearish expectations linked to upcoming revisions to European safeguards. On the other, the...
SHFE Metals Falling: Tin Leads Losses, But The Risk Premium Remains
Base metals listed on the Shanghai Futures Exchange opened the morning of Thursday May 28 in mostly negative territory, with a widespread retreat across the whole complex. The movement marked a change in tone compared with the previous session, when nickel had led the...
Sea Freight And Air Cargo: Hormuz Remains The Key Knot, While Peak Season Anticipates The Price Rise
Negotiations to end the war in Iran are continuing, but military strikes have not yet stopped. In this context, many vessels are again moving closer to the Persian Gulf side of the Strait of Hormuz, in the hope that the route may reopen soon and allow the gradual...
US Ferrous Scrap Divided: Market Stable For Primes, But Pressure On Obsolete Grades
The US domestic ferrous scrap market appeared divided in the week to Tuesday May 26, with operators oriented toward very different readings ahead of June negotiations. On one hand, some sellers believe the market can remain solid, supported by active steel mills, good...