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With markets in China and much of Southeast Asia closed on Thursday February 11 ahead of Lunar New Year, trading on the London Metal Exchange this morning has been quiet with the base metals ranged between being down by 0.3% and up by 0.2%.
Fastmarkets is proposing to reduce the frequency of its two low-volatility pulverized coal injection (PCI) indices to a weekly basis from a daily basis.
Hot-rolled coil prices in the United States continued to hover around $59 per hundredweight despite some reports of lower transactions.
The Coalition of American Metal Manufacturers and Users (CAMMU) is calling on United States President Joe Biden to end the Section 232 steel and aluminium tariffs, a position that puts it at odds with groups representing domestic steel producers.
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