Week in Review: Copper’s Tumble, Steel Imports Fall and Harley-Davidson Zooms Away

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner®:
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• Stuart Burns looks into the Trump administration’s metals tariffs and how much they have or haven’t spurred capacity restarts in the U.S.
• Sohrab Darabshaw delved into the Indian iron ore sector, which is experiencing robust production but, also, squabbling between ore producers and steel plant owners.
• The copper price has taken a tumble in recent weeks.
• Global crude steel production picked up in May.
• Consumption of liquefied natural gas has increased in a number of major markets, including South Korea, Japan, China and Europe at large.
• The U.S. imported far less steel in May than it did the previous month, according to the American Iron and Steel Institute (AISI).
• The American Institute for International Steel (AIIS) filed a legal challenge to the Section 232 statute, which gave the president the authority to enact the steel and aluminum tariffs, by questioning its constitutionality.
• The U.S. Department of Commerce issued an affirmative preliminary determination in its countervailing duty investigation of cast iron soil pipe from China.
• In a time of rising trade tense tensions and decrying of protectionism, a new European Commission report touts Europe’s lifting of trade barriers and the moves’ subsequent positive impacts.
• An iconic slice of Americana recently announced that it plans to shift production overseas to avoid E.U. counter-tariffs.

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