Week in Review: E.U. Steel Quotas, Samarium Cobalt Magnets and Aluminum Prices
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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- The European Steel Association again criticized the impact of rising steel quotas included within the steel safeguards imposed by the E.U. earlier this year.
- The U.S. Department of Commerce ruled imports of steel racks from China were dumped into the U.S. and benefited from countervailable subsidies.
- The U.S. steel sector’s capacity utilization rate for the year through July 20 reached 81.1%.
- Global aluminum production in June declined from the previous month and on a year-over-year basis.
- President Donald Trump directed the Department of Defense to pursue alternative methods for acquisition of samarium cobalt magnets, which have military applications.
- MetalMiner Executive Director Lisa Reisman on the MetalMiner team’s recent visit to JDM Steel Service, a metal service center based in Chicago Heights, Illinois.
- MetalMiner’s Stuart Burns touched on the disparity between aluminum’s short- and longer-term outlooks.
- India’s Tata Steel plans to increase its steel production capacity by 10 million tons by 2025, Sohrab Darabshaw writes.
- In another aluminum-themed article, Burns looked into why aluminum prices have not increased as one might expect under a market deficit.
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