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SHFE Rises: Tin And Nickel Lead The Rally Amid Supply Concerns
Base metals prices on the Shanghai Futures Exchange (SHFE) recorded renewed upward momentum on the morning of Wednesday February 25, with tin leading the complex followed by nickel. At 10:30am Shanghai time, the most-traded contracts showed the following levels...
US Steel Production Rising: Output And Capacity Utilization Recover
Domestic raw steel production in the United States reached 1,817,000 net tons in the week ended Saturday February 21, with a capacity utilization rate of 78.5%, according to data released by the American Iron and Steel Institute (AISI). The figure confirms a positive...
Global Tariffs Raised To 15% But Critical Minerals Exempted In The United States
The United States is preparing to implement a new temporary global tariff, announced by President Donald Trump and set to take effect on Tuesday February 24. However, in a key move for America’s strategic industry, imports of critical minerals will be exempt from the...
European Hot-Rolled Coil Prices Rise Amid Long Lead Times And Weak Imports
European domestic hot-rolled coil (HRC) prices have continued to move higher, supported by extended mill lead times and limited foreign competition. Despite demand described by market participants as cautious and lacking momentum, regional producers have gradually...