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US-Europe Trade Tensions: New Duties on Aluminum and Fears for Scrap Exports
The Trump Administration’s new protectionist move – the increase to 50% of duties on aluminum imports – has rekindled fears among traders and producers of a further disruption of global balances, with potentially serious repercussions for exporters. The European...
European Coils Market in Contraction: Pressure on Prices and Demand
The European hot-rolled coil (HRC) market is going through a phase of profound weakness, characterized by a progressive erosion of prices and a demand that is struggling to regain momentum. The phenomenon is not isolated to individual countries, but involves the...
China’s Pig Iron, Crude Steel Production Declines in Late May
China's pig iron and crude steel production declined sharply in the last ten days of May, reflecting the entry of seasonal demand into a slowdown phase. The construction and manufacturing sectors, in fact, have started to feel the effects of the typical low season,...
Chinese Customs Reject 21,700 Tons of Copper Concentrates for Excess Arsenic and Cadmium
Amid tight domestic copper supply, Yantai Customs, a branch of Qingdao Customs in China’s Shandong Province, rejected a shipment of 21,700 tons of imported copper concentrates for exceeding limits for arsenic and cadmium. The decision, made public in an official...