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China opening may spark iron ore to become more like crude oil

In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore ...

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China steel, iron ore futures snap losing streaks

Chinese steel and iron ore futures closed higher for the first time in seven sessions on Thursday on expectation that the recent sell-off has reached its limit. The most-traded steel rebar contract, for October delivery, on the Shanghai Futures Exchange ...

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India takes U.S. steel tariffs complaint to the WTO

India has launched a complaint against the United States to challenge U.S. President Donald Trump’s tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday. Indian officials told Reuters last month that their government ...

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China steel nears lowest price in a month on demand worries

China’s steel prices fell to their lowest in nearly a month on Tuesday, extending losses into a third session on worries about weakening demand amid strong supply in the world’s top producer of the material. Those concerns offset news that ...

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China’s steel mills turn to scrap as polluting industries are told to clean up their act

Steel mills in China are spending large sums on equipment that shreds cars and other junk metal for use as raw material, as government demands to make smoke-stack industries cleaner continue to reshape heavy manufacturing. Investing in scrap-processing equipment is ...

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New EU regulation on aluminum imports creates more bureaucracy, say traders

A new EU regulation to monitor aluminum imports, which went into effect at the end of April, will create more bureaucracy, according to market sources. Under the new legislation, participants will have to register the metal to the customs authorities ...

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Japan plans to impose tariff on US goods

According to the report, Japanese government planned the retaliatory tariffs, imposing tariffs over US$400 million.  Japan said it was preparing to notify the World Trade Organisation (WTO) of its proposal. It would be the equivalent value to the duties imposed ...

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EU plans to retaliate on US for levying tariffs on EU steel imports

The EU officials stated that the EU would levy tariffs on the US steel imports for retaliation recently because the US president had done the same thing to them.  It was understood that the European Commission (EC) would announce a ...

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China steel, iron ore slip after 3-day runup, but outlook upbeat

Chinese steel and iron ore futures erased gains on Wednesday following a three-day rally that lifted the raw material to an eight-week high, although the outlook for steel demand remained upbeat. With construction activity in China in full swing, traders’ ...

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How a Russian aluminum giant escaped the noose of U.S. sanctions

They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska’s aluminum company Rusal. ...

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