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Top News In உலோகங்கள் ப்ரைஸிஂக் Today - Breaking & Trending Today

G7 rips subsidies driving steel, Al overcapacity | American Metal Market

Leaders of the Group of Seven (G7) countries have reaffirmed their commitment to fair trade and criticized the use of subsidies that create excess capacity, including in steel and aluminium.
In a joint statement issued at the virtual G7 Trade Track meeting on May 28, the governments of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States called for the start of talks to develop stronger international rules on market-distorting industrial subsidies and trade-distorting actions by state enterprises.
“We reaffirm the importance of the Global Forum on Steel Excess Capacity (GFSEC) as a forum that can help address the issue of global steel excess capacity in a multilateral framework,” the statement said. ....

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Vietnamese import scrap buyers show caution | American Metal Market

Import prices for ferrous scrap in Vietnam continued to fall in the week to Friday May 28 due to sentiment weakened by plunging steel prices in China recently. ....

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DRC backtracks on copper, cobalt export ban | American Metal Market

Customs officials in the Democratic Republic of Congo have backtracked on a decree made just 24 hours earlier and re-approved the export of copper concentrate and cobalt from the country.
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Vietnam's HRC market muted amid Covid-19 surge | American Metal Market

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Research: EU to set duties on Indian, Indonesian stainless steel | American Metal Market

The latest forecasts from Fastmarkets team of analysts is ready to view.
Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.
A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March, which has now been passed on to consumers via the alloy surcharge mechanism.
Yet the rally in base prices and the effective margins enjoyed by producers also appear to have been halted this month. ....

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