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Metal exchanges scheduled to close tomorrow due to public holiday
Tomorrow and the day after tomorrow, June 2 and 3, the Lme exchange will be closed for holidays. trading will resume normally on Monday, June 6. China’s Shanghai Metal Market will be closed only on June 3. Trading will resume normally on Monday, June 6. To stay...
War in Ukraine changes business models
The war in Ukraine is changing trade patterns and creating new opportunities for steel-producing countries other than Russia and Ukraine. The war has created a nail supply shortage in the EU, as Russia and Ukraine are the main suppliers of nails with a combined market...
Hot-dip galvanized coils: revised safeguard measures create new import challenges
Importers of hot-dip galvanized coils in Europe will face a number of new challenges starting in early July as new rules on safeguard measures come into effect. Many market participants have expressed concern about the inclusion of HDG imports from Vietnam in the...
Shanghai fully reopens to trade
Shanghai, China’s largest city, reopened for business on June 1 after a two-month COVID-19 freeze, with most construction sites resuming operations and steel warehouses reopening for cargo pickup. However, demand for rebar in the city may take some time to fully...