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SHFE Metals Recover, Tin Leads The Rebound But Stocks Restrain A Reversal
Base metals on the Shanghai Futures Exchange began September predominantly higher, with tin leading the complex after the sharp correction in the previous session. The most-traded tin contract gained 1.38% from Monday’s close, reaching 424,790 yuan per tonne. The...
Indian Flat Steel, Supply Tightness Strengthens Prices Ahead Of Festive Demand
The Indian flat steel market consolidated its bullish phase during the final week of August, supported by the combination of limited availability, returning purchasing and expectations of new increases from producers. The movement does not depend only on higher...
Global Steel Scrap, Turkey Pauses While India And Taiwan Strengthen
Global steel scrap markets ended the final week of August without a uniform direction. Turkey slowed its purchasing after moving close to covering its September requirements, the United States remained weighed down by abundant material and scheduled maintenance, while...
UK Scrap, 5C Remains Flat While The Market Waits For September
The UK light ferrous scrap market ended August without a clear direction. Weak purchasing would normally have placed pressure on prices, but equally low yard inflows prevented the formation of a genuine surplus. Commodity Evolution maintained its assessment of 5C...