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Saudi Arabia, DR Pellet Crisis Pushes Scrap To Record Highs
Ferrous scrap is assuming an increasingly important role in Saudi Arabian steel production. Persistent difficulties in importing direct-reduction pellets have left several DRI modules without sufficient feedstock, forcing electric-arc furnace mills to increase the...
Zinc, China Returns To Exports But Flows Point Mainly Toward LME Warehouses
China accelerated refined zinc exports after months of waiting, taking advantage of the growing strength of London Metal Exchange prices compared with those on the Shanghai Futures Exchange. The decline in the SHFE-LME ratio finally opened a more favorable arbitrage...
European Ferro-Titanium Stable, But Zero EAEU Duty Ignites Competition For Scrap
European ferro-titanium prices remained unchanged over the past week, with weak summer activity offset by exceptionally limited titanium scrap availability. The spot market does not yet show evident upward momentum, but the removal of the scrap import duty in the...
LME Warrants, Copper Becomes Scarcer While Weak Demand Penalizes Nickel
Base-metals warrant premiums remained largely stable on Wednesday August 26, despite generally weak demand and a reduced number of inquiries during the summer holiday season. Backwardations in copper and zinc helped support the value of immediately available metal,...