Nickel prices on the Shanghai Futures Exchange (SHFE) saw a notable increase on Monday, rising by approximately 2%. Spot market prices also saw a rise of up to 2.1%.

The UK steel industry is urging the government to clarify when the recently announced removal of US steel tariffs will take effect, following last week’s trade agreement with the United States

Despite ongoing geopolitical tensions and competitive pressure from imports, leading European stainless steel producers Acerinox and Outokumpu delivered solid performance in the first quarter of 2025.

In March, Turkey exported 185,661 metric tons of wire rod—an increase of 289.7% from February and 35.6% higher than the same month last year.

Inflation in the eurozone remained unexpectedly stubborn in April, holding steady at 2.2% rather than falling as markets had anticipated.

Hot-rolled coil (HRC) prices in the United States fell toward the end of April, with producer offers dropping from $975/metric ton to $952/metric ton ex-works (EXW) between April 11 and April 25.

On April 9, U.S. President Donald Trump initiated a 90-day pause on the implementation of "reciprocal" tariffs. This move was initially attributed to ongoing efforts to negotiate trade agreements with 75 countries that had reportedly approached the White House.

China’s stainless steel exports saw a solid increase in the first quarter of 2025, rising 15.47% year-on-year to 1.2259 million metric tons (mt), according to data released by Chinese customs authorities.

In 2024, global energy-related carbon emissions surged by 0.8% year-on-year, reaching a record-breaking 37.8 gigatonnes (Gt), according to a recent report by the International Energy Agency (IEA).

In the first half of April, hot-rolled coil prices in Southern Europe fell by €20 per ton to €545 per ton CIF as of April 11.

China’s steel production rose by 4.6% in March 2025 compared to the same month last year, reaching 92.84 million tons, the highest level in 10 months.

Nickel prices on the Asian SHFE have seen a continued rise today, increasing by as much as 1.8%.