Severe Squeeze in the LME Zinc Market
Zinc prices on the London Metal Exchange have turned volatile this week amid an acute shortage of available stocks. Inventories in LME-registered warehouses have dropped to critically low levels — estimated to be less than a single day’s worth of global consumption. The sharp decline has triggered a strong upward push on prices and widened […]
European Commission pushes U.S. to drop tariffs on aluminum & steel-linked products
According to Media reports the Commission has formally asked the U.S. to eliminate or significantly lower tariffs on products made from steel and aluminium, following their joint trade agreement. The U.S. currently imposes duties of up to 50% on goods containing metal content. The EU says the broad scope of these tariffs (which extend […]
ME Market Update – Zinc & Aluminum
Zinc holds near one-year high as inventories shrink Zinc prices on the London Metal Exchange (LME) remain firm around US $3,100 per tonne, hovering near their highest levels in almost a year. LME warehouse stocks have fallen sharply, reaching their lowest point since early 2023, signalling tighter global supply. Traders note stronger demand from galvanizing […]
Global Steel Market Today : China Cools, GCC Holds Steady
The global steel market is moving through a mixed phase of pricing shifts and strategic industry developments. In China, crude steel output is expected to fall below 1 billion tonnes for the first time in six years, as mills reduce volume and shift toward higher value-added steel products amid weak construction demand. Meanwhile, in the […]