Major futures for key non-ferrous metals on the Shanghai Futures Exchange (SHFE) – copper, nickel, and aluminum – showed mixed price movements during the March 6-13 week, with copper and nickel declining further while aluminum moved higher.

U.S. steel imports recorded a modest rebound in January, driven largely by a surge in shipments from South Korea, though total volumes remained sharply lower from a year earlier.

For now, any direct impact on global iron ore supply from the recent escalation of conflict in the Middle East seems limited, as Mysteel Global reported. However, concerns about disruptions caused by the war to the supply of direct reduced iron (DRI), an important raw material for low-carbon steelma