Week in Review: Consumption in China, Turkey Tariffs and Vedanta’s Big Plans

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Before we head into the Labor Day weekend, let’s take a look back at the week that was and some of the storylines here on MetalMiner:
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  • MetalMiner’s Stuart Burns took a look at Chinese domestic consumption and its impact on commodities.
  • On Monday we delved into recent trends in the world of aluminum, from prices to company investments.
  • How big of an impact are U.S. tariffs having on Turkey? In short, a big one, given the prominent place its steel sector has in its overall economy.
  • The U.S. and Mexico announced an agreement in principle on certain NAFTA provisions, as talks awaited between the U.S. and Canada with respect to the 24-year-old trilateral trade deal.
  • You’ve probably heard President Trump’s call for a s0-called “Space Force,” touted as a sixth branch of the armed forces. Burns looked into that and what the call for a Space Force will, in all likelihood, turn out to be (if anything).
  • Not surprisingly, U.S. imports of steel are down through the first seven months of the year.
  • The Department of Commerce made an affirmative determination in a countervailing duty investigation of imports of steel wheels from China. The case will now move on to the U.S. International Trade Commission.
  • Global crude steel production was up 5.8% year over year in July, according to a World Steel Association report.
  • Sohrab Darabshaw touched on Vedanta and its plans to invest billions of dollars, namely in Indian oil and energy businesses.

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