This morning in metals news, the U.S. and South Korea reach a revised trade agreement, the E.U. started a study on possible steel import limits and copper slides to a 3 1/2-month low. U.S. Gives South Korea Steel Tariff Exemption The U.S. and South Korea reached an agreement on steel tariffs, with the U.S. exempting […]
Category: Exports
This Morning in Metals: Canadian Steel Industry Can Breath ‘Sigh of Relief’
This morning in metals news, Canadian Prime Minister Justin Trudeau says the Canadian steel industry can breath a sigh of relief after obtaining an exemption from the U.S.’s recently announced 25% steel tariff, the tariffs throw a wrench into India’s export plans and Reuters’ Andy Home opines on the way forward for the aluminum market […]
China’s Drop in Steel Exports Could be Temporary
Li Lizhang, the chairman of state-owned mill Fujian Sangang Group Co Ltd, is quoted in Reuters as saying exports of steel products may continue to fall this year, having plunged by over 30% last year to 75.43 million tons. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook China produced 831.73 million […]
This Morning in Metals: U.S. Steel to Reopen Illinois Steelmaking Facilities After Tariffs Announcement
This morning in metals news, Pittsburgh-based U.S. Steel announced it plans to restart a blast furnace facility in Illinois, Trump talks tough to E.U. and Chile’s trade surplus is powered by strong copper exports. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel to Restart Illinois Operations U.S. Steel announced this […]
How Will Trump’s Proposed Tariffs Impact India?
The Indian metal industry seems divided for now over the implications of U.S. President Donald Trump’s announcement of the intention to impose tariffs on steel and aluminum imports. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook News reports and statements by industry leaders, along with reports by research agencies, show no […]
This Morning in Metals: U.S. Raw Steel Production Picked Up
This morning in metals news, domestic raw steel production for the week ending Feb. 24 was up slightly from the same week last year, Shanghai copper prices drop and Japan’s steel exports rose 24.1% in January. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Raw Steel Production Up 0.7% Year Over […]
What Could be the Outcomes for the Section 232 Aluminum Probe?
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 […]
This Morning in Metals: U.S. Dept. of Defense Backs Targeted Steel, Aluminum Tariffs
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? […]
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 […]
Breaking Down Section 232 Aluminum, Part 3: The Impact on U.S. Production
(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 […]