In perhaps the first instance of job reductions resulting from the United States' Section 232 tariffs on Canadian steel, Tenaris has laid off 40 workers at its Algoma Tubes mill in Ontario, according to a union official.

Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Tuesday July 3, with aluminium and tin prices both off by 0.3%, while the rest of the complex was up by between 0.1% and 0.6%. Zinc led the rebound, while copper was the laggard at $6,578 per tonne.

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday July 3.

Base metals prices on the Shanghai Futures Exchange were little changed to slightly stronger during Asian morning trading on Tuesday July 3, with a firmer dollar following healthy data releases from the United States putting a cap on any price gains.

Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 3,500 tonnes of production between July and August of this year because of planned maintenance to one of its furnaces, according to an industry source.

Metal Bulletin discontinued its weekly Saudi Arabia rebar import price on Tuesday July 3.

The latest news and price moves to start the Asian day on Tuesday July 3.

Long steel prices in EU markets could rise with mills seeking to push offers upward before the announcement of a preliminary decision in Europe’s current import safeguard investigation, market sources told Metal Bulletin on Monday July 2.

New tariffs threatened by the United States on imports of cars from Europe could jeopardize as many as 1 million jobs in manufacturing and 3.3 million jobs in the retail sector, according to the European Union.

New tariffs threatened by the United States on imports of cars from Europe could jeopardize as many as 1 million jobs in manufacturing and 3.3 million jobs in the retail sector, according to the European Union.