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SHFE Metals, Nickel Leads The Increase But Fundamentals Remain Fragile
Base metals listed on the Shanghai Futures Exchange recorded a widespread increase on the morning of Thursday September 3, with five of the six main contracts in positive territory. Nickel led the movement with an increase of 1.80%, followed by zinc, aluminium and...
European Long Steel, ArcelorMittal Raises Prices By Another €20 But The Market Remains Still
ArcelorMittal is increasing prices for commodity-grade sections, reinforcing bar and wire rod by a further €20 per tonne. The new measure follows the €25 increase introduced in July and takes the cumulative increase to €45 per tonne. The decision shows how rapidly...
Turkey Scrap, European Costs Push Prices Higher But Billet And Finished Steel Restrain The Increase
Turkish deep-sea ferrous scrap import prices started September with a moderate increase, supported by a new European cargo concluded above previous levels and by higher transportation costs. The movement does not yet represent the beginning of a consolidated bullish...
China, Manufacturing Stabilizes But Domestic Demand Remains The Weak Point
China’s economy showed some signs of stabilization in August, but not yet a real acceleration. The improvement in manufacturing activity, accompanied by the return of production and new orders to expansionary territory, suggests that July’s industrial weakness may...