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Mexico imposes 80% tariff on Vietnamese steel amid trade tensions and conflicting prices
The year 2023 has not been very good for either China or global steel player Vietnam due to fluctuating steel prices and demand. Like other steel producing countries, both have mainly resorted to flooding foreign markets with cheap steel products to stay in the black....
Copper: prices under pressure from strengthening dollar
LME copper prices were down from the highs recorded on 28 December due to the strengthening dollar, while losses were limited by improving industrial activity data from China, the main consumer, and low inventories of the metal in Shanghai. Benchmark copper on the...
Wire rod steel: Turkey imposes temporary safeguard measures on imports
According to a statement published in the Official Gazette, Turkey announced the preliminary results of the safeguard investigation on imports of alloyed and unalloyed wire rod. A temporary safeguard measure of USD 175/tonne was imposed on wire rod imports for 200...
Iron ore: differential pricing raises competition concerns
The Competition Commission of India (CCI) said in a statement that differential pricing for iron ore could create competition problems and that iron ore exports should be prevented. The CCI launched a study to ensure fair market conditions, with a focus on...