This Morning in Metals: Japan’s Aluminum Industry Calls for End to U.S. Aluminum Tariff
This morning in metals news, Japan is calling for the U.S. to ditch its recently imposed Section 232 aluminum tariff, U.S. steel exports were up 13% last year and Texas Gov. Greg Abbott announced a $500 million investment from JSW Steel for its facility in Baytown, Texas.
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Japanese Aluminum Industry Calls Out Section 232 Tariff
Japan’s aluminum industry on Thursday called for the U.S. to ditch its recently imposed 10% tariff on aluminum imports, Reuters reported.
According to the report, Japan is concerned that global supplies of aluminum could now be redirected from the U.S. and flood the Asian market.
U.S. Steel Exports Jumped 13% Last Year
The U.S. saw its steel exports rise 13% in 2017, according to a report by the Northwest Indiana Times citing American Iron and Steel Institute (AISI) data.
The U.S. also once again led the way in imports, taking in a world-leading 34.6 million tons of steel last year.
Texas Governor Touts $500M Investment by India’s JSW
India’s JSW Steel is investing $500 million in its Baytown, Texas facility, Texas Gov. Greg Abbott said Thursday.
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“JSW’s motto is ‘Better Everyday,’ and that’s the same approach we take in Texas,” said Abbott, as quoted by Click 2 Houston. “The $500 million investment from JSW Steel to expand its operations in Texas shows what we can achieve when we work to be better every single day. Made in Texas is a powerful label, and I thank JSW for investing in our great state. We look forward to forging an even stronger partnership and continuing economic and job growth in the Lone Star State.”
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