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European Coil Market Increasingly Weak: Prices Falling and Demand in Hibernation
The European hot rolled coil (HRC) market continues to navigate rough waters, with a bearish trend that appears increasingly entrenched. Dominating the landscape are the structural weakness of demand, extreme caution on the part of buyers and a still high level of...
Italian Scrap Market: An Apparent Calm
The Italian ferrous scrap market continues to navigate extremely calm waters, with supply and demand at minimum levels. But this apparent stability hides critical dynamics, linked on the one hand to the weakness of the finished products market, and on the other to the...
LG and Toyota Tsusho Form Joint Venture to Produce Black Mass in the United States
LG Energy Solution Michigan, the U.S. subsidiary of the Korean battery giant, and Japan’s Toyota Tsusho Corporation, a leading Japanese trading house, announced on Thursday, June 19, the formation of a strategic joint venture to produce black mass in the United...
Stainless Steel Prices Near 2025 Lows: Pressure From Overproduction, Weak Demand
Domestic stainless steel prices in China fell again in the week ending Wednesday, June 18, hitting their lowest levels since April 2020. The downturn was triggered by producers and traders needing to reduce excess inventories amid weak demand and still high production...