In response to recent actions by the United States, China has raised tariffs on American goods to 84%.

The European Commission (EC) is exploring potential changes to EU energy legislation as part of a broader initiative to alleviate the regulatory burden on struggling industries, according to sources cited by Reuters.

The European Commission has officially released the results of the technical review of the EU Safeguard measure on certain steel products.

The UK’s Trade Remedies Authority (TRA) has launched a review of tariff quota exemptions on steel imports from developing countries, according to an official agency report.

For over a century, stainless steel has been a cornerstone material across various industries, distinguished primarily by its remarkable resistance to corrosion.

Recently, the Indonesian government is considering cutting its nickel mine quotas by nearly 40% in 2025.

The European automotive industry is projected to see a slow recovery in 2025, following a significant decline in 2024.

The leading nickel contract, SHFE.NI2503, increased by nearly 3.4%. Similarly, the spot market price for nickel in China also saw an increase of over 1.5%.

Between January and November 2024, the European Union imported 5.04 million tons of steel raw materials from Russia, valued at €2.39 billion.

Nickel alloys have long been the cornerstone of industries requiring materials that can withstand extreme environments, offering exceptional corrosion resistance and high-temperature strength.

Anticipated Decline in Steel Prices Amidst Increasing Chinese Exports and Reduced European Demand in 2025

Copper saw a significant increase of over 1% in London trading. This upward trend was echoed across other metals like zinc, nickel, aluminum, and lead.