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Brazil Aluminium, Premiums Remain Flat But Exports Threaten Supply
Brazilian P1020A primary aluminium premiums remained unchanged during the second half of August, supported by stable but not particularly dynamic demand. Behind this apparent calm, however, a risk is emerging for the final months of the year: producers could continue...
US HRC Steel, Scarcity Takes The Midwest To A Four-Year High
Hot-rolled coil prices in the US Midwest have reached their highest level in four years, supported by a combination of solid demand, low inventories, increasingly limited spot availability and upcoming autumn mill outages. The Midwest HRC benchmark, fob mill, rose on...
China CRC And Galvanized Steel, Coke Pushes Prices Higher But Foreign Demand Does Not Follow
Chinese export prices for cold-rolled and galvanized coils continued to rise in the week ended September 1, supported by higher steelmaking costs and hot-rolled coil offers. The push, however, still comes mainly from the cost side: demand from foreign buyers remains...
European Ferro-Molybdenum, Offers Reach $76 But Transactions Are Missing
Ferro-molybdenum available in Rotterdam warehouses was assessed at $75.50-75.90 per kg of molybdenum on September 1, with seller offers concentrated around $75.90-76. The trade log therefore shows seller resistance to moving below the upper part of the assessment, but...