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UK may suspend duties on coil imports in anticipation of reduced domestic production
The UK's Trade Remedies Authority (TRA) has announced the initiation of a suspension of measures and a review of taxable quotas to compensate for an expected drop in domestic production of hot rolled products. The reviews were initiated following plans by Tata Steel...
Stainless steel: Outokumpu expects quarterly improvement
The downward trend in nickel prices showed signs of exhaustion, with the potential for significant impact on stainless steel prices. Nickel moved sideways throughout January with a modest decline of 1.60%. Although directional momentum remained slow, prices continued...
Pressure groups sue LME for allowing trade in polluting Indonesian metal
Two pressure groups have filed a lawsuit against the London Metal Exchange (LME) for allowing the sale on its platform of metal produced in Indonesia that they claim pollutes local rivers used by indigenous communities. The London Mining Network (LMN) and the Global...
Copper: biggest weekly loss since September
LME copper headed for its biggest weekly loss since September on concerns about demand from major consumer China and a flat US dollar. Three-month copper on the London Metal Exchange settled at $8,203/mt, down 0.28% (11:10am Italy time) from the previous day's close...