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Oversupply caused by growing refining capacity in China overturned the fundamentals of the Chinese Class-1 nickel market in 2023 and the effects are expected to be extended and amplified in 2024, sources told Fastmarkets
The Asian aluminium market is expected to continue its recovery in 2024 after it struggled to meet expectations in the prior year, market participants have told Fastmarkets
Fastmarkets has made a correction to its January stainless steel scrap consumer price assessments for 430 and 409 consumer bundles, delivered to mill Pittsburgh.
These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China’s real estate sector
Fastmarkets advises that, as of Wednesday January 10, 2024, certain monthly North American ferrous scrap assessments are yet to settle. Fastmarkets typically settles these markets on or before the 10th of the month.
Learn more about how Chinese ferro-alloy smelters are planning to strengthen green production efforts in 2024
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