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The US-UK trade deal removes tariffs on steel and aluminium while reducing automotive duties, offering relief to British industries and reshaping transatlantic trade dynamics. The agreement also signals broader implications for global trade negotiations, particularly regarding China and excess capacity in metals.
Soybean futures on the Chicago Mercantile Exchange fell for the second consecutive session on Wednesday April 30, pressured by selling in the soyoil market and plummeting crude prices.
The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.
US futures moved into positive territory on Wednesday April 30, on bargain buying following double-digit declines observed on Tuesday April 29.
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