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  • FEATURE: European duty-paid aluminum premiums slip on unclear supply-demand scenario September 17, 2024
    The European duty-paid aluminum market's recent softening, despite stability in the duty-unpaid market, points to murky outlooks for the remainder of the year, market sources say, as poor demand dynamics continue to battle tightening supply. Widespread uncertainty set a cautious tone among traders on the sidelines of an industry gathering in Athens, where few bookings […]
  • Access to competitively-priced stainless raw materials a major challenge: Marcegaglia CEO September 17, 2024
    Access to competitively priced raw materials is a major challenge for the European stainless steel industry, Antonio Marcegaglia, CEO of Italian steelmaker Marcegaglia, told delegates at the SMR Stainless Steel conference in Rome on Sept. 17. "We still face tight scrap availability, while nickel pig iron is gaining momentum as a competitive input because of […]
  • European aluminum billet premiums steady as market awaits Q4 clarity September 16, 2024
    European aluminum billet premiums held firm through the week to Sept 16, as the recent industry event in Athens brought speculation of a declining market, with purchasing trends swinging toward monthly bookings and fourth-quarter expectations still under debate. Cheaper offers emerged during the past week in the Italian and Spanish markets, where asking premiums were […]
  • US to go ahead with modified Section 301 tariffs on Chinese steel, aluminum, critical minerals September 13, 2024
    The US has announced it will go ahead with Section 301 tariffs on a number of commodity imports from China, including steel, aluminum, lithium-ion batteries, graphite and other critical minerals, the Office of the United States Trade Representative said in a Sept. 13 statement. It said proposed modifications announced in May were largely adopted, with […]
  • Consumers remain hesitant to pay 'green' premium for recycled lithium: ICBR September 13, 2024
    Market participants remain hesitant to pay a premium for lithium salts of recycled origin, Claas Hoffend, AMG Lithium project manager for lithium salts, said during a panel discussion at the International Congress for Battery Recycling (ICBR) in Basel, Switzerland, on Sept. 12. "The key question is whether the customers – the carmakers – are willing […]
  • LME scrap, rebar volumes dip slightly on week; futures contracts enter slight contango September 13, 2024
    Volumes traded for scrap futures contracts on the London Metal Exchange, which settle on Platts assessment basis, dipped on the week despite a flurry of restocking as physical spot prices stabilized. After a period of upside in early September, spot prices for physical imports of premium heavy melting scrap 1/2 (80:20) stabilized as sources reported […]