Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday amid a risk-off tone in financial markets ahead of the United States Federal Open Market Committee’s monetary policy meeting on Wednesday.
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Canada's steel industry participants worry that the Section 232 tariff in the US will cause foreign material previously bound for the US to be diverted into their country
, but so far the Canadian producers have stopped short of calling for equivalent tariffs.
Tensions are building in the manganese market
with ore consumers protesting a four-month price rally that has left them effectively boycotting the market for their raw material.
Aluminium sheet shipments by North American producers rose year on year in February
, coinciding with a tightening in trade policy by the US.
Brazilian crude steel output increased by 5.50% year on year in February
, according to figures released by national steel institute Aço Brasil on Monday.
The United Kingdom's Liberty Recycling, part of Liberty House Group, has chosen the southeastern United States as a starting point to grow its footprint in the US scrap industry
, acquiring full ownership of Florida recycler and exporter Export Metals LLC.