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Trade Tension Between China And U.S. Drives Base Metals Prices Down On SHFE
All major base metals listed on the Shanghai Futures Exchange (SHFE) suffered significant declines in the morning session on Friday, April 11, amid a climate dominated by widespread panic among market participants. The main fear concerns the escalation of the trade...
European Union on Hold: Temporary Stop to Countermeasures Against US Duties on Steel and Aluminium
The European Commission (EC) has decided to temporarily suspend the introduction of trade countermeasures against the United States, planned in response to Washington's tariffs on steel and aluminium. The decision comes in the aftermath of President Donald Trump's...
Steel Rebar: Slight Recovery in Prices, but Demand Remains Weak
The Italian steel rebar market is showing signs of cautious optimism on the price front, despite the fact that overall demand continues to be weak and uneven across regions. According to reports from industry sources, several producers have started an upward revision...
Trump Freezes Duties For 90 Days At 75 Countries Ready To Negotiate: A Strategic Pause To Maximise Negotiating Leverage
US President Donald Trump announced, on Wednesday 9 April, a 90-day suspension in the application of previously announced tariffs against 75 countries that have agreed to negotiate with Washington. The announcement came via the president's social channels and...