Base metals traded on the London Metal Exchange are mainly firmer this morning, Wednesday September 27, with gains averaging 0.6%. Volume has been average with 6,713 lots traded as of 06:48 BST.

The latest news and price moves to start the Asian day on Wednesday August 22.

Chinese industrial profits were down by 14% in January-February compared with a year ago, marking the biggest fall since 2011. The data paints a worrying picture while the negative economic impact from China’s deleveraging activities in 2018, as well the bitter US-China trade war, continue to take a heavy toll on major industrial sectors.

Metal Bulletin reviews the major stories affecting the steel market over the past week.

United States president Donald Trump said on Friday August 10 that he has authorized higher tariffs on imports from Turkey, imposing a 20% duty on aluminum and 50% duty on steel.

Base metals prices on the London Metal Exchange are split this morning, Thursday November 30, with copper, aluminium and lead prices up between 0.2% and 0.4%, with copper at $6,760 per tonne, while the rest are weaker with nickel, zinc and tin prices down by 1%, 0.5% and 0.4% respectively.

Turkey’s steel mills continued their deep-sea purchases for June this week with prices showing a slight decrease, while Taiwanese import and US export prices were holding stable.

Base metals prices on the London Metal Exchange are for the most part stronger this morning, Monday October 16. Nickel prices are little changed, while the rest are up by an average of 0.9% – led by a 1.9% gain in copper prices to $7,025 per tonne.

Metal Bulletin reviews the major stories affecting the steel market this week.

Base metals prices on the London Metal Exchange are once again down across the board, with average losses of 0.3% this morning, Friday September 29. Volume has been average with 5,910 lots traded as of 06:42 BST.