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The price range for hollow steel sections in the European domestic market widened upward this week amid contrasting feedback on both prices and demand, Fastmarkets heard on Wednesday February 16.
The United States’ steel import licenses in January increased modestly month on month and significantly year on year, according to government data
The UG2/MG chrome ore breached $200 per tonne on Tuesday February 15, its highest since July 2018. This bullishness was driven by lower inventories in China, strong consumption and a bright downstream outlook, sources told Fastmarkets.
Surging futures, skyrocketing premiums and negative crush margins were three reasons China washed out at least five Brazilian soybean cargoes
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