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US Stainless Scrap At Two Speeds: Nickel Supports 316, But Summer Demand Cools The Market
The US stainless steel scrap market showed a mixed trend in the week to Tuesday June 2. The increase in nickel supported some grades linked to richer alloys, in particular 316, while other segments remained stable or showed signs of weakening because of the slowdown...
European Copper Toward The United States: CME-LME Arbitrage Redesigns Cathode Flows
The European copper cathode market is entering a new phase, driven not so much by domestic demand as by the opening of arbitrage opportunities toward the United States. With the differential between the Chicago Mercantile Exchange and the London Metal Exchange...
US Section 232 Tariffs: New Temporary Reductions On Agricultural Machinery And HVAC, But The Steel Industry Remains Divided
The new US amendment to Section 232 tariffs on steel, copper and aluminium reopened the debate within the American steel chain. The measure, signed on Monday June 1, introduces a temporary reduction of the duty rate to 15% for some categories of derivative products,...
SHFE Metals Down: Nickel Leads Losses Amid Rising Stocks, Global Surplus And Indonesia Uncertainty
Base metals listed on the Shanghai Futures Exchange opened the session of Thursday June 4 in negative territory, with widespread declines across all main contracts and with nickel once again at the center of bearish pressure. The movement reflects a combination of...