This morning in metals news, China iron ore futures were up Monday, the chief executive of Japan’s LIXIL Group expressed concern about aluminum price volatility, and a new study measures the economic effect of a potential U.S. withdrawal from the North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free months […]
Category: Global Trade
This Morning in Metals: Every Exempted Country Faces Quota or Restrictions, Trump Trade Adviser Says
This morning in metals news, every country exempted from the Trump administration’s Section 232 tariffs will be subject to either quotas or restrictions of some kind, copper hit a one-week high and aluminum prices jumped today as Trump administration officials kicked off a trip to Beijing to talk trade. Need buying strategies for steel? Try […]
This Morning in Metals: U.S. Considers Quotas for Countries With Temporary Tariff Exemptions
This morning in metals news, the U.S. is considering quotas for the nations that had their Section 232 tariffs exemptions extended by 30 days this week, Russian aluminum giant Rusal could find its way out from under the eye of U.S. sanctions and the U.S. is hoping for a NAFTA deal this month. Quotas for […]
This Morning in Metals: Temporary Section 232 Tariff Exemptions Extended
This morning in metals news, several countries received good news ahead of the midnight deadline for the expiration of Section 232 tariff exemptions, Canada argues the steel tariff would hurt American jobs and LME copper falls to a three-week low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Countries Breathe a […]
This Morning in Metals: Tariff Exemption Deadline at Midnight for E.U., Others
This morning in metals news, the deadline for Section 232 tariffs exemptions for certain countries falls tonight at midnight, AK Steel’s stock is up and the LME copper price tracked up Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Tariff Exemption Expiration Approaches Several countries negotiated temporary exemptions from the […]
Week in Review: Price Movements, Indian Exports and Section 232 Exemptions
Before we head into the weekend, let’s take a look back at the week that was with some of this week’s stories here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook What’s going on with steel prices? Have they neared a top? MetalMiner’s Irene Martinez Canorea offered her analysis […]
This Morning in Metals: Germany Prepares for U.S. Steel Tariff as Clock Ticks on Exemption
This morning in metals news, Germany is getting ready to face the 25% U.S. steel tariff when the current temporary exemption for the E.U. expires early next week, Canada’s foreign minister says NAFTA negotiators have made progress on automotive rules and the E.U. is keeping a close eye on aluminum imports in the post-Section 232 […]
Aluminum Association Calls for Quota-Free Exemptions for ‘Responsible’ Trading Partners
The Aluminum Association sent a letter to President Donald Trump on Tuesday calling for quota-free tariff exemptions for all “responsible trading partners countries,” while also calling for specifically addressing Chinese overcapacity. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “As you continue to evaluate and implement the Section 232 remedy, I urge you […]
EUROFER Says E.U. Steel Safeguard Measures Must Prevent Surge of Imports
The E.U.’s steel safeguard mechanism should work to prevent a “surge of imports” but should not “close the market,” European Steel Association (EUROFER) Director General Axel Eggert said Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “The safeguard mechanism should be broad, but the purpose is not to close the […]
This Morning in Metals: Chinese Steel Futures Up on Dropping Inventories
This morning in metals news, Chinese steel futures have hit a 1.5-month peak, Mexico is optimistic about reaching a deal on the North American Free Trade Agreement (NAFTA) and miner Freeport-McMoran posted a down quarter. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Futures Rise Chinese steel futures are […]