European Aluminium and EUROFER, representing the aluminium and steel value chains in Europe, have urged the European Commission to take immediate measures to address the growing issue of scrap leakage. The associations emphasised that the unchecked export of aluminium and ferrous scrap is undermining the EU’s green transition, strategic autonomy, and circular economy objectives. Why […]
Mysteel Global: China’s ferro chrome (FeCr) market faced persistent downward pressure throughout 2024, a consequence of the significant oversupply caused by surging production and tepid demand from stainless steel manufacturers. This oversupply trend is likely to extend into 2025, Mysteel warned in its annual ferro chrome market report published on 9 January, even as production growth […]
Morning Brief: The New Year started on a mellow note for the Indian market, with BigMint’s Steel Composite Index crawling up by 0.3% w-o-w to settle at 129.0 points on 3 January 2025. Interestingly, all sub-indices either recorded increases or were stable w-o-w, in what may be early signs of a gradual improvement in trade momentum. […]
This week, the South Asian ship recycling markets showed mixed trends. India’s Alang benefitted from an influx of specialised units, despite challenges from a weakening rupee. Pakistan remained stagnant due to ongoing financial struggles and a shortage of US dollars. Meanwhile, Bangladesh showed signs of recovery, with firmer pricing and new tonnage arriving at Chattogram, […]
