After an initial media lovefest over the announcement that America and the European Union had reached an agreement to “… work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods” — reached during a surprisingly short meeting last week between President Donald Trump and Jean-Claude Juncker, the European Commission president, […]
Category: Global Trade
This Morning in Metals: U.S. Could Increase Tariff Level on Proposed $200B List of Chinese Imports
This morning in metals news, media reports indicate President Donald Trump could up the ante regarding a previously announced $200 billion tariff proposal, ArcelorMittal announced strong second-quarter financial numbers and Mexican officials are optimistic about reaching a deal on a renegotiated North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free […]
This Morning in Metals: Chinese City Prepares Steel Output Cuts
This morning in metals news, a Chinese city in Jiangsu province plans to enforce steel and chemical output cuts, U.S. companies requesting exclusions from the Section 232 steel tariff are feeling the heat and countries around the world are meeting to discuss a potential response should the U.S. impose automotive tariffs. Need buying strategies for […]
This Morning in Metals: U.S. Imports of Steel Fall 15.5% From May to June
This morning in metals news, U.S. imports of steel dropped from May to June, Novelis is making a $2.6 billion acquisition, and President Donald Trump has agreed to work with the E.U. to remove trade barriers. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Imports Drop U.S. imports of steel fell […]
U.S. Consultations Fizzle With India, Others Over Metals Tariffs
Ultimately, it went along expected lines. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India and a handful of other nations held trade dispute settlement consultations with the United States over its steel and aluminum tariffs in Geneva, but got absolutely no concession from the latter, according to reports coming out […]
Indian Economy Surges But Questions Remain About the Rise’s Longevity
India is booming, the Indians would claim — and who could deny they are doing well? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The economy grew at 7.7% from January through March, expanding gross domestic product (GDP) to $2.6 trillion, eclipsing France to become the world’s sixth-largest economy. But while […]
This Morning in Metals: Trump Threatens to Slap Over $500B in Tariffs on Chinese Imports
This morning in metals news, President Donald Trump escalated trade tensions by threatening to slap tariffs on essentially all Chinese imports, Nucor reported its Q2 and first-half earnings, and copper hits a one-year low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On Another Level The back-and-forth of tariffs and threats […]
Is the LME Warehouse System in Crisis?
Never let it be said that metals markets are not dynamic (and I am not talking about metals prices). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After the financial crisis, the one area of the market that was making money was the stock and trade financiers, plus the warehouse companies […]
This Morning in Metals: Canada Mulls Measures to Combat Diverted Steel
This morning in metals news, Canada is considering new tariffs or quotas to protect itself from steel diverted from the U.S., the U.S. goes at it with several WTO members and a major energy project in the U.S. is denied a tariff exclusion request. Need buying strategies for steel? Try two free months of MetalMiner’s […]
This Morning in Metals: China Hits Record Daily Steel Output in June
This morning in metals news, China hit a record vis-a-vis steel production, China responded to the U.S.’s threat of $200 billion in tariffs and copper continues its slide. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Record June China steelmakers put out a record amount of steel, on a daily […]