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 […]
Category: Ferrous Metals
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 […]
Hot Off the Presses: MetalMiner’s Section 232 Investigation Impact Report is Out
If you’re in the metals industry, you have likely been waiting a long time for word from the White House on what the president will do vis-a-vis the U.S. Department of Commerce’s Section 232 investigations of aluminum and steel imports. Section 232 buying strategies – grab a copy of MetalMiner’s Section 232 Investigation Impact Report today! The […]
Trump Says Administration Will Implement Steel, Aluminum Tariffs Next Week
After a hectic morning during which it seemed like a Section 232 announcement from President Trump was coming, before it then it seemed like it would be postponed, an announcement did finally come. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! CNN reported earlier today that Trump said his administration […]
This Morning in Metals: Trump Calls for ‘Smart Trade’ in Tweet on Steel, Aluminum
This morning in metals, the president tweets about steel and aluminum (current Section 232 probes under his consideration), Apple’s move on cobalt and China plans to crack down on aluminum price speculation. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! Trump Tweets About Steel, Aluminum; Announcement Possibly Coming Today According […]
This Morning in Metals: China Reacts to U.S. Aluminum Foil Ruling
This morning in metals news, China’s Ministry of Commerce expressed displeasure with the U.S. Department of Commerce’s ruling Tuesday on aluminum foil, the European Union will retaliate if the U.S. imposes steel tariffs and the copper price takes a dip. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook China Expresses Dissatisfaction with Aluminum […]