Regional Steel Plate markets diverged significantly, with Chinese prices rising due to supply constraints and improved downstream sentiment while German prices fell amid weak distribution demand and intensified import competition. China's industrial transition supports steel-intensive sectors, contrasting with Europe's demand uncertainties and construction sector weakness.
Regional variation characterized the global Steel Plate market in the first week of June 2025. Chinese prices increased week-on-week by 1.1% to USD 460/MT, while prices in Germany fell 0.6% to USD 813/MT. In China, the gains occurred due to confined supply and improvement in...
Selenis has effectively manufactured recycled PET chips using terephthalic acid sourced from Circ®, a textile-to-textile recycler based in Virginia. The chip production took place through a series of batches at Selenis' pilot plant in San-Giorgio, Italy. By utilizing inputs recovered from polycotton textile waste, Selenis has created high-quality PET chip, which has been further processed into DTY yarn. This yarn will play a crucial role in product development as Circ prepares for additional capsule launches. Selenis is leveraging the success of this initial collaboration phase and is committed to advancing towards an offtake partnership to support Circ's inaugural industrial facility.
Eduardo Santos, Head of Corporate Strategy at Selenis, remarked that the monomer synthesis showed a performance comparable to virgin terephthalic acid. He expressed optimism about the consistent quality of Circ's monomer output and anticipated future commercial success. Santos pointed out that the Circ partnership complements Selenis's existing mission and goals for a more sustainable textile industry. He further stated their anticipation of expanding upon this collaboration and providing support for Circ's forthcoming commercial production trials.
