This morning in metals news, the Department of Commerce launched another Section 232 investigation, the Section 232 auto probe hearings kicked off earlier this morning and Turkish steel production increased during the first six months of the year.
Commerce Launches Uranium Investigation
As the Department of Commerce prepared to host hearings related to its automotive probe, the DOC announced yesterday that it was launching an investigation of uranium imports.
“Our production of uranium necessary for military and electric power has dropped from 49 percent of our consumption to five percent,” Secretary of Commerce Wilbur Ross said in a release. “The Department of Commerce’s Bureau of Industry and Security will conduct a thorough, fair, and transparent review to determine whether uranium imports threaten to impair national security.”
In January, U.S. uranium mining companies, UR-Energy and Energy Fuels, formally petitioned the DOC, asking it to initiate a Section 232 investigation into imports of uranium ore and products.
Section Auto Hearings Underway
Speaking of the automotive and automotive parts probe, public hearings began earlier this morning.
Those interested can check out the live stream of the hearing on the DOC website, www.commerce.gov.
Turkish Steel Production on the Rise
Steel production in Turkey through the first six months of the year jumped 3.7%, according to a report from the Anadolu Agency.
Production through the six-month period hit 18.9 million tons, according to Turkish Steel Producers’ Association data cited by the report.