[Ferro-Alloys.com] Yu Yong, chairman of HBIS Group Co Ltd, one of China's largest steelmakers, was elected as the new chairman of the World Steel Association during its annual conference last Tuesday in Monterrey, Mexico.

China saw robust growth of major bulk commodity imports in the first nine months of this year, data from the General Administration of Customs (GAC) showed Monday.

The country's imports of coal increased 9.5 percent year-on-year to 251 million tons, according to the GAC.

However, iron ore imports during the period declined 2.4 percent to 784 million tons. 

Frequent changes to the tariffs by Trump create uncertainty. Rising geopolitical tensions are also negative for equity markets. Notably, US steel stocks aren’t an exception. Last year, when President Trump authorized doubling Turkey’s tariffs, there was selling pressure in steel stocks. As things turn out, President Trump’s steel tariffs have nothing to do with US national security.

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