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Discounts Rise in the US Recycled Copper Market While Demand Remains Sluggish
The US copper scrap market has seen a mixed week, with rising discounts and higher Comex prices, but domestic demand remains weak. Traders are reporting a cautious and wait-and-see climate, with smelters and brass producers moving cautiously, while refined copper...
European and UK Secondary Aluminum Ingot Market: Amid Margin Pressure, Limited Inventories, and Industrial Uncertainty
The European secondary aluminum ingot market showed slight signs of recovery in the week ending October 3, supported by steady demand from aluminum casting producers, but held back by increasingly high costs related to scrap shortages and the weakness of the...
Stable CRC and HDG Prices in the United States
The US market for cold-rolled coil (CRC) and hot-dip galvanized coil (HDG) remained stable for the fourth consecutive week, amid weak demand and a near-total absence of spot activity. Operators report that many steel mills and distributors are simply honoring existing...
Billet and Pig Iron Markets: A Weak Autumn
The European billet market remains stagnant, in a state that one operator bluntly described as "immobile." Buying appetite appears extremely low, with transactions reduced to the bare minimum and market liquidity virtually nonexistent. European suppliers face...