A preliminary trade deal between the United States and Mexico will not affect the former's existing Section 232 tariffs on steel and aluminium imports, Mexico's Secretary of Economy Ildefonso Guajardo has said.Since June, Mexican steel exports into the US have been subjected to a 25% duty while aluminium shipments incurred a 10% tariff. These followed the US's Section 232 investigation on whether...Read More
Price spreads widened in the European molybdenum markets in the middle of the week that began on Monday August 27, after easing the week before, sources told Metal Bulletin this week....Read More
CIS export billet prices inched downward on Wednesday August 29 with several bookings heard done at lower values....Read More
Base metal prices on the London Metal Exchange were largely lower at the close of trading on Wednesday August 29, pressured by investor uncertainty over US-Sino trade relations while positive second-quarter GDP growth indicated strength in the US economy. ...Read More
Key data from the Wednesday August 29 pricing session in Europe. ...Read More
The latest news and price moves to start the North American day on Wednesday August 29. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday August 29.Base metals prices on the Shanghai Futures Exchange gave a mixed performance during Asian morning trading on Wednesday, with copper and nickel recording respectable gains while the rest of the complex weakened. The most-traded October copper contract on the SHFE stood at 48...Read More
Base metal prices on the London Metal Exchange were largely lower at the close of trading on Wednesday August 29, pressured by investor uncertainty over US-Sino trade relations while positive second-quarter GDP growth indicated strength in the US economy. ...Read More
Comex copper prices failed to hold onto weekly gains in morning trading on Wednesday August 29 with a stronger dollar proving a headwind. ...Read More
Seaborne iron ore transactions slowed down on Wednesday August 29 with higher prices reported for 65% Fe fines as well as lumps....Read More
Iranian export billet prices have decreased by $10-15 per tonne over the week ended Wednesday August 29, due to the reduced interest in Iranian material caused by the economic sanctions introduced by the United States against the Middle Eastern country in early August....Read More
In-warehouse Shanghai zinc premiums ticked up due to active import business in the week ended Tuesday August 28, while global lead premiums were mostly steady in the ongoing quiet summer period. ...Read More
Participants in China's nickel market reported an increase in domestic nickel supply and premium ranges in the market widened Tuesday, while premiums in the European nickel market were flat for the last leg of the summer lull....Read More
Comex copper prices failed to hold onto weekly gains in morning trading on Wednesday August 29 with a stronger dollar proving a headwind. ...Read More
The latest news and price moves to start the North American day on Wednesday August 29. ...Read More
Due to a technical error, Metal Bulletin's Shanghai-London physical arbitrage calculation for aluminium was published incorrectly on Tuesday August 28. Metal Bulletin has corrected its physical arbitrage figure for aluminium imported to China on August 28. The price was incorrectly published as -$417.39 per tonne (-2,848.89 yuan). It should have been -$418.55 per tonne (-2,856.81 yuan). Metal Bull...Read More
Consumer demand and regulatory requirements are increasingly driving the responsible production and sustainability of aluminium, a senior executive at Rio Tinto Aluminium said. According to Tolga Egrilmezer, vice president for sales and marketing for the company's aluminium division, responsible production will also drive premiums higher. "It's early days and the market is really still in its infa...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday August 29*...Read More
Ratings agency Moody's has decreased its credit rating for Turkish steelmaker Erdemir Group to Ba3 from Ba2, and described its outlook as negative, Erdemir said on Wednesday August 28....Read More
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