Week in Review: Section 232 Tariffs, Exemptions and a Big Thursday for the Trade World

• Stuart Burns delves into falling Chinese iron ore prices — it’s not just about port stocks.
• The U.S. International Trade Commission made a final affirmative determination in the investigation of Chinese aluminum foil (launched last year), paving the way for impending orders on the product.
• In case you missed out, we updated our Section 232 Investigation Impact Report to include two additional sections.
• Tin has a bright future (at least in the relative near term), Burns writes.
• The raw steel capacity utilization rate through March 10 of this year stood at 74.8%, according to data this week from the American Iron and Steel Institute.
• The evolution of trade relationships is about more than just all this tariffs talk in the news right now.
• A group of U.S. trade associations last weekend sent President Trump a letter urging him not to impose tariffs on a wide range of Chinese products.
• The Department of Commerce recently released its tariff exclusion request process — check out our breakdown of the details.
• Trump made an announcement that rocked the world and markets yesterday vis-a-vis the possibility of $60 billion in tariffs on Chinese products, prompting China to respond with threats to impose tariffs on American products.
• In other Thursday news, the U.S. granted exemptions from the Section 232 steel and aluminum tariffs to the E.U., Australia, Brazil, Argentina and South Korea.
• Nalco and Canada-based Almex are working together on a joint venture in India.

Want to see an Aluminum Price forecast? Take a free trial!