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Chinese Stainless Steel Demand Strengthens But Prices Remain Stable
Chinese domestic stainless steel prices remained largely stable in the week ended Wednesday August 12, despite an improvement in spot demand. Stronger purchasing was insufficient to change quotations across the board because sellers are still managing high inventories...
Indian Flat Steel Decline Ends As Supply Tightens
India’s flat-steel market showed a clear improvement in the week ended Friday August 14, with the previous downward trend now close to exhaustion. Reduced availability in the merchant market, low inventories and more constructive demand allowed mills to defend the...
European Steel Coils Hold Firm Between Inventories And New Duties
European steel coil prices maintained a resilient direction in the week ended in mid-August despite the summer break and abundant import inventories at ports. Domestic CRC and HDG consolidated the increases of around €20 per tonne accumulated in previous weeks, while...
US Aluminium Scrap Stable As Limited Supply Supports Alloys
The US aluminium scrap and secondary alloys market went through the week ended August 13 without major price changes, but stability concealed very different conditions along the supply chain. In smelter-grade scrap, weak export demand continued to exert pressure; in...