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Canada Implements 25% Surtax on Chinese Steel and Aluminum Products

Canada has implemented a 25% surtax on Chinese steel and aluminum products as of October 22, 2024. To assist Canadian businesses in adjusting their supply chains, the government has initiated a process for companies to request remission of these surtaxes. Requests will be considered under specific conditions, such as inability to source alternative inputs domestically or existing contractual obligations prior to August 26, 2024. Notably, remission will not apply to goods intended for resale in the same condition to the U.S..

Copper sets new record above $11,140/t on supply shocks and hopes of US–China thaw

EU scrutinizes Anglo American’s $500m sale of Brazilian nickel assets to MMG

Iron ore futures extend gains as China outlines stricter steel capacity controls

Copper hits $11,200/t record as supply worries persist; analysts caution rally may cool

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

Copper edges higher as LME Week chatter points to $12,000/t; rate-cut signals support prices

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

Aurubis shares fall after Salzgitter issues €500m exchangeable bonds tied to 7.6% stake

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts