Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Monday September 2, with nickel, tin and aluminum securing gains while the rest weakened marginally. The mixed moves come amid heightened risk aversion among investors due to trade uncertainty after the United States imposed a 15% tariff on $125…
Xinhua reported that China’s securities regulator has approved trading in stainless futures and styrene to provide enterprises with new risk management tools. The Shanghai Futures Exchange can carry out trading in stainless steel futures, and the contracts will be listed for trading on September 25. The Dalian Commodity Exchange can carry out styrene futures trading,…
Prices in most of the global markets for steel billet dropped sharply in the week ended Friday August 30 amid unfavorable market conditions – in particular, poor demand and falling scrap prices. China Weakening demand for billet continued to push Chinese domestic billet prices down, sources said. Re-rolling mills in Tangshan were expected to reduce…
Steel beam prices in the United States have fallen in tandem with recent mill cuts, while fresh offers have lowered import prices. Fastmarkets’ monthly price assessment for steel beams 8 x 8-inch, fob mill US, declined to $35.25 per hundredweight ($705 per short ton) on Thursday August 29, down 7.8% from July’s assessment of $38.25…