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Asian Markets Under Pressure Amid Geopolitical Uncertainty
The morning trading session on Friday, April 17, on the Shanghai Futures Exchange highlighted an overall weak picture for base metals, with most contracts declining. Only zinc and nickel showed positive momentum, while the rest of the complex suffered from growing...
Blockade Of The Strait Of Hormuz Puts Pressure On Chinese Steel Exports
The blockade of the Strait of Hormuz, in the Persian Gulf, is undermining one of the main emerging markets that in recent years had helped absorb China’s overcapacity in finished steel. The situation represents a new source of tension for a sector already struggling...
Secondary Aluminium UK: Prices Rise Driven By Scrap Tightness
The UK secondary aluminium market is experiencing a price increase driven not by demand, but by supply-side pressure. In the week ending April 15, ingot prices rose significantly, supported by tightening scrap availability and stronger international demand. The key...
Thyssenkrupp Strengthens Its Presence In North America With The Acquisition Of Aceroteca
The German steel group Thyssenkrupp has taken a new strategic step in strengthening its international presence by announcing the acquisition of a majority stake in the Mexican company Aceroteca Trading, active in the processing and distribution of flat-rolled steel....