Section 232 tariffs on aluminium and steel raised $3.6 billion in their first nine months, and revenues for the last two months are likely to push that figure up by around another $1 billion, US government data shows.
Base metals prices on the London Metal Exchange were higher across the board at the close of trading on Friday February 15, with market sentiment continuing to improve amid US-China trade talks, while participants continue to short-cover after last week’s price rally.
The London Metal Exchange’s linked load-in/load-out (LILO) warehouse rule has not so far been activated at Istim’s warehouses in Port Klang despite a large queue building at the warehouse, sources confirmed to Fastmarkets MB.
The base metals stocks on Shanghai Futures Exchange broadly climbed up on Friday February 15 due to the week-long Lunar New Year holiday, with zinc leading the increase while nickel stocks dropped on tight supply.
Base metals stocks on Shanghai Futures Exchange were broadly higher as of Friday February 15 due to the week-long Lunar New Year holiday, with zinc leading the increase although nickel stocks dropped because of tight supply.
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday February 15, gathering support from a broadly positive tone emerging from recent US-China trade talks.
At the Shanghai works of Chinese steel producer Baoshan Iron & Steel Co Ltd. (Baosteel), a newly-built double cold reduction (DCR) mill supplied by Primetals Technologies commenced operation. The DCR mill is designed to process 205,000 metric tons of cold strip per year and is part of Baosteel´s Tinplate Product Structure Optimization Project. It may […]