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Markets were for the most part upbeat this morning, Tuesday September 1, with all the metals on the London Metal Exchange firmer, as were pre-market major western equity index prices.
The impact of extreme weather on the UK’s wheat harvest has captured headlines and highlighted again the challenges for processors, with the country’s milling sector facing difficult decisions around feedstocks, costs and their potential impact for consumers – especially in the most basic of feedstuffs, the humble loaf.
Supply of steel scrap in Australia is being squeezed by regional Covid-19 lockdowns and a general decline in economic output, scrap market participants have told Fastmarkets.
The key global scrap markets improved in terms of both sentiment and prices in the week to Friday August 28, after Turkey resumed its deep-sea cargo purchases following a three-week hiatus.
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