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U.S. Treasury Department announced new sanctions against Iran
The U.S. Treasury Department has announced new sanctions against Iran, following retaliatory attacks on Israel, in order to restrict Iran's steel industry. As a result, all assets and interests in the assets of the following designated persons located in the United...
Stainless steel: prices in China rise following sanctions against Russia
Domestic stainless steel prices in China rose in the week to Wednesday, April 16, on expectations of higher nickel prices following new sanctions against Russia. The U.S. and U.K. governments restricted the trading of newly produced Russian-origin aluminum, copper,...
Copper: Codelco has been hit by a fatal accident
Codelco, the Chilean state-owned company struggling to maintain its title as the world's largest supplier of copper, is set to experience a drop in production as operations slowly resume after a fatal accident at one of its mines. "There will probably be a slight...
Global shipping, insurance, crew wages on the rise with Israel’s attack on Iran
According to shipping operators, freight rates, insurance and wages of global shipping crews are likely to increase significantly in the short term after Israel launched a retaliatory missile strike against Iranian territory. From market information, ongoing cargoes...