This morning in metals news, MetalMiner now has a trade-centered news portal, the European steel sector is demanding tougher safeguards and the copper price posted gains.
MetalMiner Trade Resource Center
Tariffs, trade deals and trade wars — the world is abuzz these days with trade news.
That is why MetalMiner has launched the MetalMiner Trade Resource Center, which will serve as a one-stop shop for trade news, analysis and data.
Visitors can find the Trade Resource Center under the “Research” menu tab, or by navigating to trade.metalminer.com.
The new page features all of the site’s news and analysis on trade and tariffs, from Section 232 and 301 to the ongoing negotiations with China. Visitors can also find MetalMiner’s library of trade-related podcasts, in addition to MetalMiner white papers and links to pertinent sources of trade data.
E.U. Steel Industry Wants Stronger Safeguards
Earlier this year, the E.U. imposed new steel safeguards aimed at protecting the bloc’s steel sector on the heels of the U.S.’s Section 232 steel tariffs.
The E.U.’s steel industry, however, argues Europe needs to do more.
According to a Reuters report, European steel executives Wednesday argued for stronger safeguards, claiming the European steel sector faces an existential threat. The executives argued the safeguards have not been effective and that a scheduled 5% increase in the quotas set under the safeguards will be detrimental to the sector.
Copper Hits 5-Week High
The copper price rose to a five-week high Wednesday, buoyed by optimism related to U.S.-China trade talks, Reuters reported.
According to the report, U.S. Treasury Secretary Steven Mnuchin said a trade deal between the two countries is about 90% complete.
U.S. President Donald Trump and Chinese President Xi Jinping are scheduled to meet during the G20 Summit in Japan later this week. The two countries will aim to revitalize trade talks after May’s setbacks, when tensions escalated and the economic superpowers traded tariffs.