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New US Tariffs Leave Scrap Protected, But Refined Copper Awaits Section 232
The United States’ new tariff offensive against certain Canadian goods has not changed, at least for the moment, the expectations of operators active in the North American copper scrap, ferrous scrap and refined copper markets. Following the trade proclamations...
Lead Falls In Shanghai Amid Record Stocks And Still-Weak Demand
The base metals market showed mixed performance during morning trading on Wednesday July 22 on the Shanghai Futures Exchange, with copper, aluminium, zinc and nickel posting moderate gains, while lead and tin lost ground. The most significant movement came from lead,...
Global Steel Scrap Remains Stalled Between Weak Demand And Middle East Tensions
The international steel scrap market went through another week of limited trading, with the main importing steelmakers still reluctant to return to purchasing. In the week ending Friday July 17, weakness in finished steel demand was compounded by the renewed increase...
Coking Coal Pushes Chinese Rebar Higher, But Real Demand Remains Weak
Chinese domestic rebar prices resumed their rise on Wednesday July 15, supported by stronger steelmaking raw-material futures and increased arbitrage activity between the financial and physical markets. The movement affected both contracts traded on the Shanghai...