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With the exception of tin, base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were firmer this morning, Tuesday February 9, as were the precious metals and oil, while the US dollar continued with its recent pullback.
Spot hot-rolled coil prices in the United States remained stable to begin the week.
The United States Court of International Trade (CIT) upheld Section 232 tariffs on steel imports, ruling against steel consumers who argued that former President Donald Trump imposed the duties incorrectly.
Domestic prices for steel hot-rolled coil across Europe stabilized at a high level in the week ended Friday February 5, supported by good order books at domestic producers and solid demand.
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