The Senate Finance Committee hosted a hearing on the impact of tariffs on the automotive industry Wednesday morning. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Department of Commerce self-initiated a Section 232 investigation of automobiles and automotive parts back in May. “In short, the U.S. auto industry is […]
This Morning in Metals: Steel Imports Fall 1% in August
This morning in metals news, U.S. steel imports fell in August, the Federal Reserve raised interest rates again and Ford’s CEO says the Trump administration’s metals tariffs have cost the automaker $1 billion in profits. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Finished Steel Market Share Hits 21% […]
DOC Announces New Rebuttal System in Attempt to Improve Much-Criticized Section 232 Exclusion Process
The impact of the U.S.’s Section 232 steel and aluminum tariffs on its relationships with other countries has been well-documented — but what about Section 232 challenges at home? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For domestic businesses seeking to win product exclusions from the tariffs that went […]
Chinese White Paper Accuses U.S. of ‘Unilateralism, Protectionism and Economic Hegemony’
Trade friction between the U.S. and China have continued apace, with the U.S. imposing an additional round of tariffs worth $200 billion and China responding with $60 billion in tariffs on U.S. goods. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Despite attempts at dialogue, tensions have only increased throughout […]
This Morning in Metals: U.S. August Steel Imports Hit 2.7M Metric Tons
This morning in metals, the U.S. Census Bureau reported figures for August steel imports, Japanese aluminum consumers are looking to scrap and universities in the U.K. are conducting testing in the hopes of producing “greener” steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Imports 2.7M Metric Tons of […]
August Global Crude Steel Production Up 2.6% Year Over Year
According to a World Steel Association report, global crude steel production in August was up 2.6% compared with production in August 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The 64 countries reporting production to the World Steel Association produced a total of 151.7 million tons in August, according […]
This Morning in Metals: $80 Oil and Energy Infrastructure Investment
This morning in metals, Shell’s chief executive says $80 oil is good for energy infrastructure investment, China’s Baowu is reportedly in talks to acquire a rival and base metals prices dropped on Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook $80 Oil? Shell CEO Says It’s Not Unreasonable In […]
Excess Capacity Front and Center at Paris Global Steel Forum
Overcapacity was the word of the day at the Global Forum on Steel Excess Capacity last week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The forum, which took place Sept. 20 in Paris, brought together the world’s biggest steel-producing nations. “The global challenge of overcapacity has strained trade relations […]
This Morning in Metals: Copper Near 10-Week High Despite Trade Tensions
This morning in metals news, copper prices approached a 10-week high, trade tensions continue to rise between the U.S. and China, and an Australian coal miner boasts a $4.4 billion IPO. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Hover Near 10-Week High Even with trade tensions weighing […]
Week in Review: Catalytic Converters, ArcelorMittal’s Ilva Bid and $200B in Tariffs
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns wrote on a subject that is, unfortunately, relevant to owners of automobiles: a rise in […]