This morning in metals news, Japan urges caution in steel Section 232, Kazakhstan’s output of a number of metals jumped month over month in January and Russian billionaire Oleg Deripaska will step down as president of Rusal and En+ Group.
Japanese Steel Industry Asks for Caution in U.S. Section 232 Case
The Japanese steel industry called for caution from the United States in its upcoming Section 232 decision on steel, and appealed to the principles of free trade in the process, Reuters reported.
According to Kosei Shindo, chairman of the Japan Iron and Steel Federation, the recommendations laid out in the U.S. Department of Commerce’s Section 232 steel report — which was released Friday — “violate the principles of free trade.”
Kazakhstan’s Cooper, Steel, Zinc Output Up in January
Output of copper, steel and zinc rose in Kazakhstan last month, according to Reuters.
Copper output, for example, jumped 11.1% year over year, according to the report.
Russian Billionaire to Step Down as President of Two Companies
Russian billionaire Oleg Deripaska will step down as president of Rusal and En+ Group, Reuters reported.
The decision comes on the heels of En+ becoming a publicly listed company after a share sale in November, according to the report.