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European Commission makes limited changes to safeguard system
The European Commission has notified the WTO of the outcome of its latest revision of the EU safeguard system, which will take effect July 1. he most important change concerns the tariff quota (TRQ) liberalization rate. Starting in July, these will increase by 4...
Iron ore: prices up as Shanghai prepares to reopen
China's iron ore futures touched 900 yuan ($135.00) per ton for the first time in nearly six weeks as hopes for a recovery in demand rose after Shanghai's financial hub prepared to reopen from closures. On Monday, Shanghai officials announced the end of a two-month...
Reduction in stocks could mean greater volatility in LME metal prices
Falling inventories in the London Metal Exchange's registered warehouses mean that price fluctuations in metals such as copper, tin, and zinc are likely to be a common feature that could last for some time. The recovery of the manufacturing industry after the lifting...
Steel: flat products will stabilize, Metinvest says
According to Roberto Re, Metinvest's head of Western Europe, prices for hot-rolled sheets and coils will stabilize in the short term due to improving global demand. For European producers, the "red line" for hot rolled steel prices is approaching due to high gas and...