ALERT! – US BILLET.
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LME prices close the week up 1% while latest economic data and field intel confirmed underlying bearish trend.
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ALERT! – US BILLET. GAP DOWN: US spot billet upcharge reaches… cent/lb, most concluded 2024 business below… cent/lb.
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ALERT! – EUROPEAN BILLET. DECLINE RESUMES: European billet premium slide reaches $… per mton.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
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ALERT! – EUROPE MILL-GRADE SCRAP. DELAYED: Annual mill-grade scrap deals late amid poor demand and lack of visibility.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
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LME Cash-3M contango tightens (bearish premiums).
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China’s aluminum price continues to face technical resistance.