Today is supposedly crunch time for negotiations between the U.S. and Canada to reconfigure the North American Free Trade Agreement (NAFTA). With the imminent departure of Mexican President Enrique Peña Nieto, a deadline of this Friday has been set to conclude a deal or Mexico and the U.S. have threatened they will go it alone. […]
Category: Global Trade
This Morning in Metals: Trump Signs Proclamation That Could Offer Tariff Relief to Quota Countries
This morning in metals news, President Donald Trump signed a proclamation that offers “targeted relief” for a quartet of countries subject to metals quotas, Mexico’s steel association urges the government to negotiate a repeal of the U.S.’s steel tariff and Canada rejoins talks with the U.S. regarding the North American Free Trade Agreement (NAFTA). Need […]
This Morning in Metals: Chinese Steel Prices Running Opposite the Stock Market
This morning in metals news, Chinese steel prices are not running in the same direction as the Chinese stock market, copper hit a two-week high and automaker shares were up on yesterday’s NAFTA news. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Surging The Chinese stock market has been […]
U.S., Mexico Strike Preliminary Agreement in Principle on NAFTA Provisions; U.S.-Canada Talks Await
On Monday, the U.S. announced an agreement in principle regarding aspects of the North American Free Trade Agreement (NAFTA), albeit in a bilateral sense, as Canada remained on the sidelines of the talks between the U.S. and Mexico. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “The United States and Mexico […]
Turkey’s Disproportionately Large Steel Sector Heavily Impacted by Tariffs
Turkey may not be a big cheese in many ways, but its currency has taken a hammering following President Donald Trump’s threats of doubling tariffs and dire sanctions against a select few individuals close to authoritarian President Recep Tayyip Erdoğan. But apart from the impact on one or two other emerging-market currencies, like South Africa’s, […]
This Morning in Metals: U.S., Mexico Reportedly Reach Preliminary NAFTA Deal
This morning in metals news, the U.S. and Mexico reportedly reached a deal on the North American Free Trade Agreement (NAFTA), China’s Baosteel posted a surge in first-half profits and Japan’s steel output dropped unexpectedly in July. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook NAFTA Deal According to media reports, the U.S. […]
LME Aluminum Price Continues Downtrend as Commerce Secretary Visits Century Aluminum Plant
Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Week in Review: Natural Gas, the U.S. Dollar and Utah Oil Sands
Before we head into the weekend, let’s take a look back at the week that was and some of the metals-related storylines here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MetalMiner’s Stuart Burns took a look at the natural gas sector, which make be in for a shakeup […]
This Morning in Metals: Mexican Steel Industry to Visit Washington to Talk Quotas
This morning in metals news, the Mexican steel industry has been invited to visit Washington to talk about the possibility of a steel quota (instead of the the 25% tariff), Tata Steel’s UK arm has posted losses this past year and China says trade talks this week were “constructive and candid.” Need buying strategies for […]
This Morning in Metals: Steel Scrap Still a Bargain
This morning in metals news, steel scrap is competitive despite tariffs, Century Aluminum is one example of a company boosted by the Trump administration’s tariffs and China retaliates against the U.S.’s latest round of tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Scrap Still Competitive According to an S&P […]
