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: Ferrous Metals
Week in Review: Section 232 Tariffs, Exemptions and a Big Thursday for the Trade World
Before we head into the weekend, let’s take a look a look back at the week that was and some of the stories here on MetalMiner: Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Stuart Burns delves into falling Chinese iron ore prices — it’s not just about port stocks. The U.S. International […]
Department of Commerce Releases Section 232 Exclusion Process Details
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 […]
Steel Capacity Utilization Rate Hits 74.8% Through March 10
According to weekly data reported by the American Iron and Steel Institute (AISI), domestic raw steel production for the week ending March 10 hit 1,813,000 net tons. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The production for that week produced a capacity utilization rate of 77.8%. The numbers for that […]
It’s Back: Updated Section 232 Impact Report Includes New Aluminum, Steel Sections
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 […]
High China Iron Ore Port Stocks Not the Whole Story
Not surprisingly, any discussion of iron ore prices in top consumer China inevitably involves some reference to import stock inventory. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook So when Reuters reports that the Dalian commodity exchange May iron ore contract price touched a low of 475.50 yuan per ton this […]
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 […]
It’s Official: 10% Tariffs on Aluminum, 25% on Steel With Canada and Mexico Exempt
This afternoon, President Trump signed a proclamation to impose the 25% tariff on imported steel and 10% tariff on imported aluminum products, both of which were announced on March 1. The tariffs will go into effect in 15 days, and will exclude Canada and Mexico for the moment, until NAFTA negotiations finish, according to several […]
As Steel Tariffs Loom, Government Trade Study Ignored by Mainstream Press?
The Section 232 report and subsequent briefing by the president has put global metal markets in disarray. What makes matters potentially worse: the number of mainstream media sources latching onto a couple of claims from one particular study recently published by a for-profit research and consulting firm (as opposed to a think tank or governmental […]
This Morning in Metals: Steel, Aluminum Tariffs Could Lead to NAFTA Departure
This morning in metals news, Goldman Sachs’ chief economist said the if the U.S. imposes steel and aluminum tariffs, the decision could preceded an exit from the North American Free Trade Agreement (NAFTA); the president’s trade adviser said exceptions in the proposed new tariffs are unlikely and LME copper holds above its two-week low. Section […]
