This morning in metals news, President Donald Trump threatened China with an additional $200 billion in tariffs, copper fell to a one-year low and Glencore released a statement regarding the subpoena it received from the U.S. Department of Justice in its corruption probe. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Category: Global Trade
This Morning in Metals: Cobalt Demand Continues to Rise
This morning in metals news, the cobalt craze intensifies, Switzerland goes to the World Trade Organization (WTO) over the U.S. steel and aluminum tariffs, and U.S. raw steel production for the week ending July 7 was up 3.4%. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Demand for Cobalt Rises Cobalt […]
This Afternoon in Metals: U.S. Tariffs on China Go Into Effect
This afternoon in metals news, the first batch of $34 billion in U.S. tariffs on Chinese goods went into effect Friday, China looks to build its relationship with Europe amid increasing trade tension with the U.S. and the United States Trade Representative released the guidelines for the exclusion application process regarding Section 301 tariffs. Need […]
This Morning in Metals: U.S., China Fire Tariff Salvos
This morning in metals news, the U.S. and China trade tariff jabs, the steel import market share numbers for June are in and thyssenkrupp CEO Heinrich Hiesinger offers his resignation just days after the German firm’s finalization of a merger deal with Tata Steel. Need buying strategies for steel? Try two free months of MetalMiner’s […]
Trade Tariffs Will Adversely Impact the Automotive Sector
There will be significant winners and losers to the current U.S.-E.U. trade war, but none more so than in the automotive sector. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Size matters when it comes to reshuffling production among plants to avoid import tariffs. According to the Financial Times, larger companies […]
This Morning in Metals: thyssenkrupp CEO Says Europe Must Protect Steel Industry From China
This morning in metals news, thyssenkrupp CEO Heinrich Hiesinger said European lawmakers need to protect the steel industry from China, copper plummets to a seven-month low and President Donald Trump responded to a European threat of retaliatory tariffs (in response to potential U.S. tariffs on auto imports). Need buying strategies for steel? Try two free […]
This Morning in Metals: ThyssenKrupp, Tata Reach Final JV Deal
This morning in metals news, ThyssenKrupp and Tata Steel have come to a final agreement on their joint venture deal, Canada hits the U.S. with tariffs on $13 billion in goods and President Trump says he will not agree to a new deal on the North American Free Trade Agreement (NAFTA) until after the midterm […]
This Morning in Metals: Canada Mulls Blanket Steel Tariff
This morning in metals news, Canada could respond to the U.S. steel tariff with a broad global tariff of its own, the governor of Texas says the metals tariffs could harm the oil and gas sectors, and India could be the recipient of a flood of redirected Chinese steel. Need buying strategies for steel? Try […]
Harley-Davidson Plans to Move Production Overseas in Latest Chapter of Trade Saga
President Donald Trump will not be the first commander-in-chief to find that waging wars on multiple fronts is a strategy with significant drawbacks. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Taking on America’s NAFTA partners, Canada and Mexico, at the same time as the European Union is encouraging multiple retaliatory […]
This Morning in Metals: Lighthizer Criticizes ‘Hypocrisy’ of Global Trading System
This morning in metals news, U.S. Trade Representative Robert Lighthizer lashed out at the E.U.’s retaliatory tariffs, the Section 232 exclusion request process has allowed for some commercial gamesmanship and automakers warns against potential tariffs on imports of foreign cars. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Lighthizer Tut-Tuts E.U. […]
