This morning in metals news: U.S. steel imports are up by 17.4% in the year to date, the American Iron and Steel Institute reported; meanwhile, Toyota Motor is imposing its biggest price hike on steel materials in over a decade, according to Nikkei Asia; and, lastly, the WTI crude oil price has ticked up this […]
Category: Imports
This Morning in Metals: Norsk Hydro to expand capacity at Sjunnen extrusion plant
This morning in metals news: Norsk Hydro plans to expand capacity at its Sjunnen aluminum extrusion plant; the Pilbara Ports Authority reported a decline in throughput in July; and, lastly, the United States International Trade Commission conducted a five-year sunset review on existing duty orders for carbon and alloy steel standard, line and pressure pipe […]
This Morning in Metals: US import prices up 0.3% in July
This morning in metals news: the pace of the rise of U.S. import prices slowed in July compared with the previous month; meanwhile, Nucor completed the acquisition of an insulated metal panels business; and, lastly, U.S. steel prices continue to move upward. Want an occasional email from MetalMiner that highlights new content with NO sales […]
This Morning in Metals: Rio Tinto commits $2.4B in funding for Serbia lithium project
This morning in metals news: miner Rio Tinto said it had committed funding of $2.4 billion toward the Jadar lithium-borates project in Serbia; meanwhile, the U.S. international trade in goods deficit rose in June; and, finally, the United States International Trade Commission determined imports of metal lockers from China materially injure U.S. industry. Want MetalMiner […]
US steel imports jump 13% in June
U.S. steel imports reached an estimated 2.6 million metric tons in June, the Census Bureau reported today. The total marked a jump of 13% from the 2.3 million metric tons the U.S. imported in May. US steel imports rise Furthermore, through May, U.S. steel imports totaled 10.7 million metric tons, up 7% from 10.0 million […]
This Morning in Metals: South Korean steelmaker POSCO reports strong Q2
This morning in metals news: South Korean steelmaker POSCO reported its strongest operating profit in Q2 since Q3 2010; the United States International Trade Commission made a determination regarding steel wire mesh from Mexico; and, lastly, tin prices have been soaring. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should […]
This Morning in Metals: US import prices rise by 1.0% in June
This morning in metals news: import prices rose by 1.0% in June; Saudi Arabia and the United Arab Emirates have reportedly reached a deal to resolve their recent oil output spat; and, lastly, Norsk Hydro recently announced the restart of its aluminum extrusion plant in Sjunnen, Sweden. Receive the latest short-term and long-term outlook for […]
European aluminum producers object to inclusion in carbon border tax
Government interference, even for the best of reasons, can have market-distorting effects. Take, for example, calls by European aluminum producers to be excluded from the European Union’s Carbon Border Adjustment Mechanism (CBAM) carbon border tax proposal. Do you know the five best practices of sourcing metals, including aluminum? European aluminum producers want out of CBAM […]
EU extends steel safeguards for three more years
In an anticipated move, the European Union has published its decision to extend its steel safeguards for three more years. EU members voted on the extension June 18 and it published the implementing regulation June 28. The safeguards will extend from July 1, 2021, to June 30, 2024. “The initial safeguard measure was introduced in […]
This Morning in Metals: USCIT votes to affirm Commerce’s AD duty determinations on Korean steel pipes, tubes
This morning in metals news: the U.S. Court of International Trade voted to affirm the duty levels set by the Department of Commerce with respect to heavy walled rectangular steel pipes and tubes from Korea; meanwhile, U.S. distillate demand returned more quickly than gasoline and jet fuel demand; and, lastly, the copper price has bounced […]
