President Donald Trump had scant regard, nor interest, in the impact his decision in 2018 to impose 25% import duties on steel products would have on other markets around the world — his focus was, reasonably enough, purely on the U.S.
Category: Ferrous Metals
This Morning in Metals: Aluminum Extruders Council demands end to aluminum import tariffs
This morning in metals news, the Aluminum Extruders Council has released a statement calling for the U.S. to rescind its aluminum import tariffs, U.S. raw steel production came in at a capacity utilization rate of 53.3% for the week ending June 6 and Thyssenkrupp plans to partners with RWE on technology aimed at curbing emissions […]
Week in Review: U.S.-China tensions; aluminum prices; aerospace struggles
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
This Morning in Metals: Constellium signs 10-year deal with Airbus
This morning in metals news, Constellium has inked a long-term contract with plane manufacturer Airbus, the U.S. Department of Commerce has launched a Section 232 investigation related to imports of vanadium and Chinese rebar prices have reached a nine-year high.
U.S. steel mills post capacity utilization rate of 53.8% last week
The U.S. steel sector operated at a capacity utilization rate of 53.8% for the week ending May 30, the American Iron and Steel Institute (AISI) reported.
World Steel Association: April global crude steel production drops 13%
Global crude steel production in April fell 13% compared to April 2019 production, the World Steel Association recently reported.
This Morning in Metals: U.S. steel imports down 20% this year
This morning in metals news, U.S. imports of steel were down 20% through the first four months of the year, a primary aluminum production plant in Brazil part-owned by Norsk Hydro is restarting after an earlier power outage and China is importing U.S. copper concentrate after Chinese companies won tariff relief.
Week in Review: Mitigating steel price spikes; supply chain impacts; lead, zinc surpluses
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
This Morning in Metals: U.S. steel production last week fell 36.6% year over year
This morning in metals news, U.S. steel production levels were down significantly last week, the Census Bureau released April steel import totals and copper prices dipped Wednesday.
MetalMiner’s Don Hauser on the falling steel market: don’t get comfortable, because prices will rise
Steel prices have been caught in a long-term downtrend since the summer of 2018 and, more recently, have faced a decline in demand related to the COVID-19 pandemic. Steel mills have suspended production at furnaces around the country amid the drop in demand, particularly from users like the automotive sector. After suspending production in March, […]
