Saudi Arabia and the United Arab Emirates (UAE), the second and third largest steel consuming countries in the Middle East, have suffered mostly indirectly from the impact of Section 232, executives said during a panel at the Middle East Iron & Steel Conference in Dubai on December 10-12.

The latest news and price moves to start the Asian day on Friday December 21.

Following market consultation, RISI is pleased to confirm plans to increase the frequency of two assessment groups published in PPI Latin America. Specifically, RISI proposes to make the following changes: Increase the frequency of Brazil Boxboard assessments to once every two months from quarterly; Increase the frequency of Mexican recovered paper assessments (domestic and imports) […]

It’s been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union.

The three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Thursday December 20. The exception was aluminium that was up by 0.4% at $1,916 per tonne, while the rest were lower by an average of 0.5%.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Thursday December 20.

Most base metals traded on the Shanghai Futures Exchange rebounded during Asian morning trading on Thursday December 20 as relations between Washington and Beijing appear to improve, thus ushering risk-on sentiment back into the market.

Singapore Exchange’s 65% Fe iron ore derivative contract continues to lend transparency to the high-grade segment, with trades registered for August-December 2019 months on Thursday December 20 and physical prices up amid active trading.

The latest news and price moves to start the Asian day on Thursday December 20.

The knock-on effect of Section 232 tariffs imposed by the United States in March this year on imports of steel and aluminium has been swift and dramatic.