Steel prices today increased to 4,268 yuan / ton on the Shanghai Exchange. Trade officials have begun preliminary negotiations on the future of US steel and aluminum tariffs on Japan following the US and European Union deal.
Steel prices go up today
Steel price today January 2022 delivery on the Shanghai Exchange increased by 66 yuan to 4,268 yuan/ton at the time of the survey at 9:15 am (Vietnam time).
| Type name | Period | November 8 | Difference from previous transaction |
| Copper price | Delivery in December 2021 | 70.240 | +740 |
| Zinc price | Delivery in December 2021 | 22.915 | -110 |
| Nickel price | Delivery in December 2021 | 142.660 | +1.290 |
| Silver price | Delivery in December 2021 | 4.985 | +97 |
| Steel price | Delivered in January 2022 | 4.268 | +66 |
The USTR said the two sides also discussed the importance of working together to solve problems in the steel and aluminum sectors, including the root causes of non-market overcapacity, before exchange views on how the US and Japan can work together to address market distortions and economic coercion.
During the meeting, Mr. Hagiuda highlighted the request to provide a solution on the issue of additional tax on Japanese steel and aluminum products based on Section 232.
Photo: Hickman and Love
The Japan Iron and Steel Federation said that the US trade agreement with Japan is very important after the agreement between the US and EU.
“We are concerned that the agreement will lead to a comprehensive relaxation of measures in the form of tariff quotas for only certain countries and regions,” the federation said in a statement on November 2. certain. And the Japanese steel industry, an ally of the US, will fall behind the EU in terms of export competitiveness to the US.
At the same time, the agency also said: “The Japanese steel industry respects the Japanese Government’s efforts to negotiate with the US and hopes that the Japanese Government will continue to negotiate with the US to ensure a level playing field. of the Japanese steel industry”, according to S&P Global Platts.
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