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This morning in metals news, the U.S. this week announced a new Section 232 probe investigating automotive imports, the specter of auto tariffs looms over Europe and Asia, and Mexico’s economy minister opines on the chances of a deal on the North American Free Trade Agreement (NAFTA) before the July Mexican presidential election. Need buying...
This morning in metals news, the E.U. is reportedly getting ready for the U.S. Section 232 tariffs to go into effect, U.S. raw steel production was up last week and Rio Tinto asked the Mongolian government to fulfill contract stipulations related to the firm’s copper mining project in the country. Need buying strategies for steel?...
The U.S. Section 232 and 301 probes have made significant waves in global markets this year. In March, the U.S. imposed tariffs on steel and aluminum of 25% and 10%, respectively, as part of the Section 232 probe. Last year, the U.S. launched a Section 301 probe investigating Chinese trade practices, with particular focus on...
This morning in metals news, Japan is considering retaliation over the U.S.’s Section 232 metals tariffs, copper gains slowed in the face of a strengthening U.S. dollar, and South Korea initiated a complaint at the World Trade Organization (WTO) over the U.S. duties on solar cells and washing machines. Need buying strategies for steel? Try...
Although my colleagues have written in detail exploring the specifics of the Section 232 investigations in steel and aluminum, recently completed by the U.S. Department of Commerce, it is worth considering the likely outcomes. This is particularly true for aluminum, because the production market is not as integrated as it is for steel. Often, primary...
The Department of Commerce released both the process and requirements for the submission of exclusions for the steel and aluminum Section 232 proclamations made public on March 8, 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As published in the Federal Register, the Secretary of Commerce has the authority to...
  A little over two weeks ago, the MetalMiner team released its Section 232 Investigation Impact Report in response to President Trump’s initial announcement regarding the intention to impose tariffs of 25% and 10% on steel and aluminum, respectively. Of course, time marches on and so, too, does the news. Since then, the announcement became...
If you’re in the metals industry, you have likely been waiting a long time for word from the White House on what the president will do vis-a-vis the U.S. Department of Commerce’s Section 232 investigations of aluminum and steel imports. Section 232 buying strategies – grab a copy of MetalMiner’s Section 232 Investigation Impact Report today! The...
This morning in metals news, several countries received good news ahead of the midnight deadline for the expiration of Section 232 tariff exemptions, Canada argues the steel tariff would hurt American jobs and LME copper falls to a three-week low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Countries Breathe a...
When the Department of Commerce announced  last month that Secretary of Commerce Wilbur Ross had forwarded his Section 232 steel report (and the following week, aluminum) to President Donald Trump, the details of the report were not made public. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! That changed Friday,...
This morning in metals news, the still-pending Section 232 investigations into steel and aluminum imports, raw steel production is up 2.7% in the U.S. year-over-year and aluminum has reached its highest point in 2.5 years. Uncertainty Growing in Aluminum Market It’s not exactly surprising that some in the aluminum and steel industries are feeling anxious...
The U.S. steel industry upped its production levels during the week ending July 22. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up In total, U.S. raw steel manufacturers produced 1.77 million net tons for that week, according to weekly data from the American Iron and Steel Institute (AISI)....
As my colleague Sydney Lazarus reported yesterday, even though the European Union has a temporary exemption from the U.S.’s Section 232 tariffs on steel and aluminum, it is demanding compensation at the World Trade Organization as shown in a filing by that trade body two days ago, according to Reuters. The EU is arguing that...
This evening in metals news, President Donald Trump indicated yesterday Section 232 might be going on the backburner, data show a sharp rise in steel imports during June and a new report predicts the 3-D printing metals market will be worth $12 billion by 2028. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it...
(Editor’s Note: In case you missed the previous installments of this series, check out Part 1 and Part 2.) What About the Impact on U.S. Production? First, the recommendations from the Department of Commerce apply to both primary (or upstream) and downstream production. The upstream production refers to unwrought production, while downstream production consists of...
Last week, the Department of Commerce released the reports accompanying the Section 232 investigations for both aluminum and steel products. The Department of Commerce initiated the investigations last April under Section 232 of the Trade Expansion Act of 1962, which grants the president the ability, along with his Department of Commerce, to determine whether certain...
This morning in metals news, there has been a flood of applications from U.S. companies for exemptions from the Section 232 tariffs. Nickel prices reached a three-year high, stoked by fears of more sanctions, and Alcoa shares jumped in after-hours trade following rosy Q1 results. Need buying strategies for steel? Try two free months of...
It’s been five months and a day since President Donald Trump signed a memorandum calling for Secretary of Commerce Wilbur Ross to prioritize the Section 232 investigation that would assess whether steel imports posed a national security risk. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Many expected...
This morning in metals news, the E.U. is looking to make its exemption from the U.S.’s Section 232 steel and aluminum tariffs permanent, reports indicate Tata Steel’s bid for Bhushan Steel could be as much as $5.3 billion, and China announced plans to impose tariffs on a number of U.S. goods in response to President...
This morning in metals news, the chairman of the Japan Iron and Steel Federation warns that U.S. tariffs on its steel imports could lead to retaliation, copper hit its five-month high and aluminum producer Norsk Hydro expects 2017 to present a balanced aluminum market. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it...