This morning in metals news, President Donald Trump and President Xi Jinping reached an agreement that at least temporarily puts a cap on the escalation of trade tensions, Chinese steel and iron ore prices rose on the news, and Chinese copper premiums hit an 18-month low. Need buying strategies for steel? Request your two-month free […]
Category: Global Trade
Companies, Industry Groups React to USMCA Signing
“USMCA” might not roll off the tongue like “NAFTA.” Nonetheless, it’s the talk of North America. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The United States-Mexico-Canada Agreement (USMCA) — the successor to the 1994 trilateral trade deal, the North American Free Trade Agreement (NAFTA) — was signed Friday by […]
Week in Review: Falling Oil Price, Steel Production and USMCA
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sohrab Darabshaw covered India’s view of the Regional Comprehensive Economic Partnership (RCEP). The oil price has plunged — […]
This Morning in Metals: USMCA Signed at G20; Metals Tariffs on Canada, Mexico Remain
This morning in metals news, the U.S., Canada and Mexico formally signed the trade deal that will serve as the successor to the North American Free Trade Agreement (NAFTA), aluminum associations in several countries sent Group of 20 (G20) leaders a joint letter asking them to tackle overcapacity, and President Donald Trump and President Xi […]
This Morning in Metals: Norsk Hydro Says Aluminum Demand to Rise 2-3% in 2019
This morning in metals news, Norsk Hydro sees global aluminum demand picking up 2-3% next year, the Office of the United States Trade Representative (USTR) released a statement on China’s automotive tariffs and Steel Dynamics shares bounced back from a 14-month low. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
CEOs Talk Section 232, USMCA as G20 Summit Approaches
With the United States-Mexico-Canada Agreement (USMCA) potentially being signed by the three parties this week during the G20 Summit in Buenos Aires — which will take place over two days, Nov. 30-Dec. 1 — the trade deal and tariffs are on the minds of industry CEOs, from manufacturing to agriculture. Need buying strategies for steel? […]
This Morning in Metals: Chinese Iron Ore Drops to 4 1/2-Month Low
This morning in metals news, Chinese iron ore has hit a 4 1/2-month low, the zinc price fell for a fourth straight session and tariff waiver requests have been granted for a great number of metals from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Iron Ore Continues […]
This Morning in Metals: Senators Request Review of Tariff Waiver Process
This morning in metals news, U.S. senators are asking for an independent review of the Trump administration’s Section 232 tariff waiver process, LME copper is down for the third straight day and Chinese steel mills are preparing for difficult times ahead. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Another […]
In Section 301 Update, USTR Says China Hasn’t ‘Fundamentally Altered’ Unfair Trade Practices
The Office of the United States Trade Representative (USTR) released an update on its Section 301 investigation into China last week, an update — titled “Update Concerning China’s Acts, Policies and Practices Related to Technology Transfer, Intellectual Property, And Innovation” — which followed the same theme as previous reports. That theme? China has made some […]
Indian Steel Sector Looks on Nervously at RCEP Trade Talks
A move to hammer out a new trade agreement between the Association of Southeast Asian Nations (ASEAN) and other associated free trade agreement (FTA) countries has left India’s steel, manufacturing and other industries somewhat jittery. The country’s steel sector has been working overtime trying to make the Narendra Modi-led government understand its concerns, pointing to […]