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Donald Trump · United StatesThe Trump administration expanded tariffs on steel and aluminum imports on Monday.The move adds a 5% tariff rate on more than 400 goods with steel and aluminum components.This follows President Trump's announcement from May, doubling tariffs on those imported metals in an effort to protect domestic producers."We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America," President Trump said at the time.The exp…See the Story
Trump Increases Tariffs on Steel and Aluminum, Which Will Likely Increase Consumer Prices
70% Center coverage: 10 sources
Oil and Gas Sector · Luxembourg CityAccording to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost 3.4% from the €590 ($685) it was seeking in the previous week. Traders Doubt Buyers Will Accept Hikes O…See the Story
EU Steel Industry Tests Market Appetite for Price Increases
100% Center coverage: 1 sources
Oil and Gas SectorVia Metal Miner The Global Precious Metals MMI (Monthly Metals Index) finally lost bullish steam and moved sideways, rising only 0.81%. The past month has seen significant swings in precious metals prices. Safe-haven demand drove several metals to multi-year highs in late July, followed by partial pullbacks in August as market winds shifted. Gold and silver, in particular, rallied on economic uncertainty, with gold briefly hitting record territo…See the Story
Gold Prices Consolidate Above $3,300 as Markets Await Fed Signals
100% Center coverage: 1 sources
