After four and a half years and unprecedented social and political discord, it has finally happened: the United Kingdom has left the European Union with the bare bones of a free trade agreement. More MetalMiner is available on LinkedIn. Bare bones free trade agreement It took until Christmas Eve — ahead of the Dec. 31 […]
Category: Global Trade
This Morning in Metals: U.S. to adjust tariffs on E.U. products stemming from Boeing-Airbus dispute
This morning in metals news: the U.S. announced it will adjust its tariffs on E.U. products imposed last year; the U.S.’s renewable energy consumption surpassed that of coal for the first time since before 1885; and metals prices have retraced slightly this week. Find more insight on MetalMiner’s LinkedIn. U.S. adjusts tariffs on E.U. Last […]
Could the pandemic achieve what President Trump’s trade war failed to do?
Could the coronavirus pandemic bring about more reshoring in the U.S.? The question is not just of interest in the U.S. By many measures, Europe has been hit as severely by the pandemic. If anything, Europe is even more reliant on global supply chains than the U.S. The political philosophy that underpinned the Trump administration’s […]
This Morning in Metals: Steel imports down 22.1% through November
This morning in metals news: U.S. steel imports dropped 22.1% year over year through the first 11 months of the year; the U.S. international trade deficit rose by 5.5% from October to November; and global aluminum production totaled 5.47 million metric tons in November. Steel is cool. Follow us on LinkedIn to hang out with […]
Week in Review: Organic molecules and machinability; gold prices; allocation market for steel
Before we head into the penultimate weekend of 2020, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including: research findings related to organic molecules’ impact on machinability; gold prices; and the arrival of an allocation market for steel-buying organizations, as explained by MetalMiner CEO […]
This Morning in Metals: Import prices tick up slightly in November
This morning in metals news: U.S. import prices rose slightly in November, according to the Bureau of Labor Statistics; the Pilbara Ports Authority reported November shipping data; and, finally, there is speculation the U.S. could reimpose sanctions on Russian aluminum giant Rusal, Bloomberg reported. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing […]
Brexit trade deal talks go down to the wire
Among all the hullabaloo of COVID-19 infection rates and surging deaths, we may all be forgiven for having forgotten that a small but relatively important part of the European Union, Britain, formally leaves the bloc — that is, Brexit — in just over two weeks time with no formal separation agreement or coherent working plan […]
U.S. government to refund NLMK subsidiary in settlement over import tariffs
The U.S. has agreed to refund “a significant portion, plus accrued interest” on an import tariff for slab imports to Russian steelmaking group Novolipetsk Steel’s U.S. subsidiary, the parent group said. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. subsidiary […]
Industrial metals prices performing well
Industrial metals have done rather well in bouncing back from the coronavirus pandemic lockdowns. Classic fundamentals have been supported by rising sentiment to boost prices across the board. Mine supply has been constrained by governments forcing companies to close mine sites and refineries in a bid to contain the spread of the virus resulting in […]
This Morning in Metals: Glencore CEO to retire, successor named; How China outmaneuvered the U.S. on mining
The global mining and trading business Glencore will get new leadership next year, with the firm announcing Friday that CEO Ivan Glasenberg will retire and that Gary Nagle, a senior deputy overseeing coal industrial assets, will succeed him, the Wall Street Journal reports. Are you prepared for your annual aluminum contract negotiations? Be sure to […]
