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Arcane as it sounds, by refusing to approve new judges to the World Trade Organization’s (WTO) appellate panel (a form of supranational court in all but name, a Telegraph article explains) the U.S. is depriving the panel of the resources to function. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it...
When I received my daily press alert for goings-on within the World Trade Organization (WTO), I almost chuckled. Turns out that both the US and China — apparently coincidentally — levied cases against each other before the WTO at virtually the same time. In the first, the US accused China of unfairly subsidizing its automobile...
The World Trade Organization (WTO) came to be in January 1995, and has since served as a global body for mediation of trade disputes between nations. But much has changed since 1995. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Now, nearly a quarter of a century later, some are...
The demise of the primary aluminum smelting industry in the western world has been like a long, slow train crash. As this graph from CRU shows, the decline has been relentless, and although many reasons are cited for the closures of U.S. and European smelters, power costs and the resulting cost of production are a primary cause. [caption id="attachment_82979" align="alignnone" width="300"] Source: CRU Group[/caption] According to North American trade group the Aluminum Association, since 2015 seven U.S.-based aluminum smelters — more than 60% of U.S. primary aluminium smelting capacity — have been curtailed or closed. Over a similar time frame as the graph shows, Chinese aluminum production has grown from 11% of global primary aluminum in the year 2000 to nearly 55% today. Two-Month Trial: Metal Buying Outlook The West has been surprisingly philosophical about the loss of smelting capacity,...
The past year’s developments in global trade have offered a stiff test to the international trading order and, more specifically, the World Trade Organization (WTO). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Amid a surge in protectionist measures, the WTO has come under pressure. U.S. President Donald Trump has...
A new front seems to have opened up in India’s steel wars. Only this time, the country seems to be fighting for its steel companies to be allowed to sell its steel in a foreign market. India has complained to the World Trade Organization (WTO) that the U.S. had failed to drop anti-subsidy duties on...
This morning in metals news, India went to the World Trade Organization (WTO) to file a complaint over the U.S.’s steel tariff, President Trump is reportedly considering a 10% cut in imports of steel and aluminum from the E.U., and the copper falls after optimism fades vis-a-vis U.S.-China trade relations. Need buying strategies for steel?...
This morning in metals news, China went to the World Trade Organization to file a complaint regarding the U.S.’s $200 billion worth of tariffs announced Monday, Nucor resumes operations in the Carolinas following Hurricane Florence and copper prices rally. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Goes to...
This morning in metals news, China gets called out with respect to its adherence to the rules of the World Trade Organization (WTO), the housing industry is slumping and Kazakhstan is the recipient of its first WTO complaint. Aluminum Association, AISI Call Out China The Aluminum Association recently filed comments with the United States Trade...
This morning in metals news, China filed a complaint at the World Trade Organization (WTO) over the U.S. steel and aluminum tariffs, the president of the China Baowu Steel Group says the tariffs would have a limited impact on Chinese exports and LME aluminum prices jumped more than 7% after the U.S. sanctions on Russian...
The trade war between India and the United States intensified further as New Delhi has approached the World Trade Organization (WTO) against the US for imposing import duties on certain Indian steel products, reports Business Line. According to a posting on the WTO’s website on April 12, India requested consultations with the US under the dispute settlement...
India has lost a case against the US at the World Trade Organization over protection for local crystalline silicon and thin-film solar cells. Free Sample Report: Our Monthly Metal Buying Outlook The WTO ruled that India's domestic content requirements under its new solar power program were inconsistent with international agreements. Indian officials have said they will appeal the ruling to the WTO's dispute panel in the next two months. [caption id="attachment_72737" align="aligncenter" width="450"] Photovoltaic solar array, the kind US manufacturers would love to send to India.[/caption] The US alleged that India's ambitious solar program discriminates against US crystalline silicon photovoltaic and thin-film solar panel manufacturers by requiring Indian producers to use locally manufactured silicon or thin-film cells and by offering subsidies to those developers who use domestic equipment. The US also said the forced localization requirements restricted US exports to...
The Office of the U.S. Trade Representative (USTR) earlier this month released its annually mandated report to Congress on China’s World Trade Organization (WTO) compliance — unsurprisingly, the report did not have good news for China in its quest to be treated like a market economy. Buying Aluminum in 2018? Download MetalMiner’s free annual price...
India has been champing at the bit ever since the United States imposed a 25% import tariff on steel and 10% on aluminum imports to protect its own industry. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need Last week, India told an informal meeting of heads of delegations at...
The World Trade Organization’s (WTO) dispute settlement mechanism is not known for its speed. As such, it took a while for a final ruling to come down with respect to the long-running dispute over the U.S.’s claim that European subsidies of Airbus have negatively impacted Boeing’s sales. Need buying strategies for steel? Try two free months of...
This morning in metals news, the crossfire of tariffs and counter-tariffs between the U.S. and trading partners around the world has put the World Trade Organization in a difficult spot, President Donald Trump backed a boycott of Harley-Davidson on Sunday and LME copper drops amid the recent uptick in tensions between the U.S. and Turkey....
This morning in metals news, China is looking to the World Trade Organization (WTO) to make its case with respect to the ongoing aluminum foil dispute with the U.S., copper and nickel are up, and Kobe Steel executives are deciding whether or not to resign. Benchmark Your Current Metal Price by Grade, Shape and Alloy:...
In the latest move in the recent saga of burgeoning tensions between the U.S. and Turkey, the latter has filed a request with the World Trade Organization (WTO) for consultations over the U.S.’s additional steel and aluminum tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The request was circulated to...
These are trying times for the World Trade Organization (WTO). Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Amid the blustery headwinds of trade wars and tariffs, the WTO has come in for some heat, most prominently from U.S. President Donald Trump. Most...
This morning in metals news, South Korea has filed a complaint at the World Trade Organization (WTO) over the U.S. tariffs on washing machines and solar panels, turmoil in the aluminum market is high and copper prices dipped Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook South Korea Goes to...