This morning in metals news, China’s scrap steel exports surged last year, two popular American non-metal products could be affected by steel and aluminum tariffs, and a miner of gold and silver looks to get into copper and zinc.
Chinese Scrap Steel Exports Jump in a Big Way
Scrap steel exports from China amounted to 2.2 millions tons in 2017, according to a Reuters report citing the Xinhua news agency.
Bourbon, Cheese Getting Caught in a Hypothetical Trade War?
As President Donald Trump mulls steel and aluminum tariffs — as part of the Department of Commerce’s Section 232 probes — many have pondered if such tariffs would mark the start of a new trade war.
According to a report by NPR, Kentucky bourbon and Wisconsin cheese could be affected in such a trade war. While China is often the primary focus of the 232 discussion, according to the report European allies are warning of possible retaliation.
Hochschild Looks to Get Into Copper, Zinc
Hochschild, a miner of gold and silver, is interested in moving into other sectors, like copper and zinc, according to a Reuters report.
Gold and silver will continue to buy the miner’s top priority, according to the report.