This morning in metals news, automaker Tesla this week showed its new Cybertruck, Chinese President Xi Jinping said he wants to reach an initial trade deal with the U.S. and the CEO of Ace Hardware said the Trump administration’s tariffs are “manageable.” Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
Category: Ferrous Metals
This Morning in Metals: Section 232 auto tariff deadline passes — with no decision
This morning in metals news, trade experts cited by Reuters say the U.S. might have to find another route to impose tariffs on imported automobiles, Japan’s crude steel output dropped in October and U.S. steel prices have started to show some signs of upward momentum. Need buying strategies for steel? Request your two-month free trial […]
India appeals WTO compliance panel ruling on hot-rolled carbon steel subsidies
It looks like India is not going to give up its fight with the U.S. and the WTO so easily. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! But first, the original story. Last week, adjudicators of the World Trade Organization (WTO) rejected most of India’s […]
Chinese steel, raw material prices are on the rise
Amid the doom and gloom on steel prices – at least for producers, you won’t hear consumers complaining — a couple of Reuters reports suggest some of the relentless pressure on prices may ease early next year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Demand in top consumer China […]
This Morning in Metals: Asian Stocks Fall on Trump’s Tariff Threat
This morning in metals news, President Donald Trump threatened to raise tariffs on China if a deal isn’t reached, Norsk Hydro has closed its fabrication business unit in Drunen, Netherlands, and the European Steel Association (EUROFER) called for reinforcement of the E.U.’s steel safeguards. Keep up to date on everything going on in the world […]
Metal manufacturers, users call for Section 232 sunset provision
More than a year and a half has elapsed since President Donald Trump, leveraging Section 232 of the Trade Expansion Act of 1962, imposed tariffs on imported steel and aluminum of 25% and 10%, respectively. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump applied the tariffs using the Section […]
This Morning in Metals: Supply Dynamics Wins Microelectronics Supply Chain Provenance Challenge
This morning in metals news, Supply Dynamics took home a national award in the Microelectronics Supply Chain Provenance Challenge, China is investigating steel excess capacity and the Indian Supreme Court has given the green light to ArcelorMittal’s acquisition bid of Essar Steel. Keep up to date on everything going on in the world of trade […]
U.S. Year-to-Date Steel Capacity Utilization Rate Holds at 80.3%
The U.S. steel sector’s capacity utilization rate incrementally declined in recent months, falling from 81.0% for the year to date as of late August down to 80.3% as of this past week, according to the American Iron and Steel Institute (AISI). The year-to-date capacity utilization rate this year has reached as high as 81.9% (back […]
This Morning in Metals: Tata Steel Plans to Cut Jobs in Europe
This morning in metals news, Tata Steel is making job cuts across its European operations, U.S. Steel announced it plans to reduce its greenhouse gas emissions by 20% by 2030 and copper ticked up again Monday. Job Cuts Coming to Tata Steel’s European Operations Steelmaker Tata Steel will cut jobs throughout its European operations, Reuters […]
ArcelorMittal Announces Shuttering of Plants in South Africa, Poland
The world’s largest steelmaker is in for some tough times. First, ArcelorMittal announced it would be shutting down a plant in South Africa, quickly followed up with another notice of the temporary closure of a furnace in Poland. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]