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SHFE Metals Fall, Zinc Leads Losses Amid Weak Demand And Supply Constraints
All the main base metals opened lower on the Shanghai Futures Exchange on Wednesday August 19, with zinc at the bottom of the ranking and tin not far behind. Pressure is coming from weak Chinese economic indicators, particularly the property sector, but the zinc...
US Scrap, SA Recycling Sells Columbus And Redesigns Its Ohio Valley Presence
SA Recycling has sold its Columbus, Ohio facility to Columbus Metal Recycling, continuing the process of rationalizing the assets inherited through the acquisition of PSC Metals. The sale of the Joyce Avenue site is the third divestment of a former PSC facility within...
Hot-Rolled Coil Prices Rise, China And The United States Move On Different Tracks
Hot-rolled coil prices increased in both China and the United States, but behind the movement lie two profoundly different markets. In China, support comes mainly from the increase in coking coal and expectations of a metallurgical coke price rise, while end-user...
Ukrainian Steel Under Attack, Zaporizhstal And ArcelorMittal Kryvyi Rih Halted
Two of Ukraine’s main steelmaking complexes, Zaporizhstal Iron & Steel Works and ArcelorMittal Kryvyi Rih, have completely or partially suspended production after being hit by Russian missile attacks. The strikes killed nine workers and damaged energy...