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Aluminium: US brewing industry asks Biden to lift tariffs
Executives from four major beer suppliers in the US have sent a letter to President Joe Biden calling for an end to the 10% tariff on aluminium imported from many metal-producing countries, arguing that the tariff has cost the domestic brewing industry billions of...
Steel: ArcelorMittal restarts the Eisenhüttenstadt blast furnace
ArcelorMittal restarted blast furnace 5A at its Eisenhüttenstadt steel plant in eastern Germany this week after a scheduled maintenance period of six weeks. The furnace, which had been stopped on 20 May for scheduled repairs, has an annual capacity of producing around...
HRC steel: Turkish exports plummet in May
Turkish steel mills exported 185,000 tonnes of hot-rolled coils in May, down 34% year-on-year, while Italy remained the largest market with 31,200 tonnes despite a 66% drop, as safeguard measures continued to limit Turkish steel mills' exports to the European Union....
Copper: price hits lowest since November 2020 on concerns over economic slowdown
Copper prices fell on Tuesday as aggressive interest rates, a surge in covid 19 cases in China, potential recession and rising inventories weighed on investor sentiment. In today's session, copper recorded a low at $7,290/mt, its lowest value since November 2020....