This Morning in Metals: U.S. Says It Will Continue Trade Actions Against China

This morning in metals news, despite a recent detente, the U.S announced it would continue trade actions against China; Canada launched a dumping investigation of steel imports from China, Vietnam and South Korea; and China’s Chinalco gets closer to equaling rival Hongqiao in production with a recent deal.
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U.S.-China Trade Relationship Steps Back From Recent Truce

The U.S. announced it would continue trade actions against China, Reuters.com reported.
According to the report, the U.S. plans to announce by June 15 a list of approximately $50 billion in Chinese goods that will be subject to a 25% import tariff.

Chinalco Closes in on Hongqiao

The state-owned Chinalco inked a deal with the Yunnan government to increase its smelting capacity, a move that will bring it closer to equaling top producer Hongqiao, Reuters.com reported.
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According to the report, Yunnan Metallurgical Group will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government.