This morning in metals news, the U.S. Department of Defense recently indicated it would prefer targeted tariffs as opposed to a blanket strategy, Australian Prime Minister Malcolm Turnbull will press President Donald Trump on an assurance last year that Australia would be exempted and London copper is down for the week. Buying Aluminum in 2018? […]
Fouad Egbaria
This Morning in Metals News: Nickel, Zinc Hit More Than 1-Week Lows
This morning in metals, zinc and nickel dropped to their lowest prices in over a week, another country hints at retaliation vis-a-vis potential U.S. Section 232 tariffs and Chinese steel mills are looking to increase output before future cuts take hold.Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Nickel, Zinc Post […]
USITC Says Carbon and Alloy Wire Rod Imports from South Africa, Ukraine Harm Domestic Industry
While the Department of Commerce’s release of its Section 232 report on steel and aluminum stole most of the headlines last Friday, the United States International Trade Commission (USITC) voted that imports of carbon and alloy steel wire rod from South Africa and Ukraine pose harm to domestic industry. According to the USITC release, the […]
This Morning in Metals: Chinese Scrap Steel Exports Jump in 2017
This morning in metals news, China’s scrap steel exports surged last year, two popular American non-metal products could be affected by steel and aluminum tariffs, and a miner of gold and silver looks to get into copper and zinc. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Scrap Steel Exports […]
This Morning in Metals: U.S. Raw Steel Production Down 1.9% in Year to Date
This morning in metals news, U.S. raw steel production in the year to date is down 1.9%, South Korea announced it would consider going to the World Trade Organization (WTO) if the Trump administration goes with through with steel tariffs and copper prices slide as the U.S. dollar continues its recovery from last week’s three-year […]
This Morning in Metals: Japanese Steel Industry Appeals to Free Trade Principles
This morning in metals news, Japan urges caution in steel Section 232, Kazakhstan’s output of a number of metals jumped month over month in January and Russian billionaire Oleg Deripaska will step down as president of Rusal and En+ Group. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Japanese Steel Industry […]
Department of Commerce Releases Section 232 Aluminum, Steel Recommendations
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, […]
European Steel Association Market Overview Bullish on 2018-2019
The European Steel Association’s (EUROFER) recent steel market overview hailed 2017 as an “expansionary” year for the industry while also issuing positive sentiment about 2018 and 2019. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The overview said apparent steel consumption in Q3 2017 rose 1.1% year over year in the […]
This Morning in Metals: Indonesian Government Mulls Freeport Copper Contract Extension
This morning in metals news, the Indonesian government is considering whether or not to extend the copper export contract with Freeport McMoRan, Reliance Steel and Aluminum announces its fourth quarter earnings. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum Tariffs Could Mean Pricier Beer? President Trump has met with lawmakers this week […]
DOC Issues Affirmative Ruling in Cast Iron Soil Pipe Fittings Anti-Dumping Probe
The Department of Commerce announced it had reached a preliminary affirmative determination in its anti-dumping investigation of cast iron soil pipe fittings from China. “Though politics plays no role in antidumping investigations, President Trump made it clear that we will vigorously enforce our trade laws and provide U.S. industry relief from unfair trade practices,” Secretary […]