This morning in metals news: the Coalition of American Metal Manufacturers and Users called on the Biden administration to rescind the Section 232 steel and aluminum tariffs; meanwhile, the Energy Information Administration forecasts US energy-related CO2 emissions to rise after the mid-2030s; and, lastly, US President Joe Biden spoke this week with Chinese President Xi […]
Category: Imports
Aluminum MMI: US reinstates tariff on aluminum imported from UAE
The Aluminum Monthly Metals Index (MMI) increased by 2.1% this month, as LME aluminum prices traded sideways and the US reinstated the Section 232 aluminum tariff on imports from the United Arab Emirates. U.S. aluminum reinstates aluminum tariff on UAE On Feb. 1, President Joe Biden reinstated the 10% aluminum tariff on imports from the […]
Biden executive orders target climate change, federal procurement of domestic goods
In just over two weeks, President Joe Biden has signed 28 executive orders aimed at a wide variety of issues. The orders range from Medicaid to the country’s pandemic response to augmenting public health supply chains. Relevant to metals, Biden signed two orders aimed at increasing domestic content in federal procurement and the climate crisis. […]
This Morning in Metals: US trade court dismisses challenge to Section 232 steel tariff
This morning in metals news: the United States Court of International Trade issued a ruling on the Section 232 steel tariff; meanwhile, the Biden administration has reversed a Trump administration decision regarding tariffs on aluminum from the United Arab Emirates; and, lastly, new orders for manufacturing goods rose for an eighth consecutive month in December. […]
India proposes to reduce duties on steel, stainless steel products
A budgetary proposal by the Indian government to reduce steel duties has divided the Indian steel sector. India proposes reduction in steel duties In her 2021 budget speech presented in parliament earlier in the week, Finance Minister Nirmala Sitharaman proposed reducing customs duty on imports of semi-flat steel. She proposed cutting the duy for the […]
This Morning in Metals: Changan Ford to manufacture Mach-E in China for local customers
This morning in metals news: Ford Motor Co. announced Changan Ford will manufacture the new all-electric Mach-E SUV in China for local customers; the U.S.’s monthly deficit declined from November to December; and U.S. steel imports fell by 21% last year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
How will Biden administration impact US-India trade relations, metals tariffs?
It is too early to talk of the direction US-India relations will take under US President Joe Biden’s administration. But Indian trade circles are keeping a close eye on trade-related developments with a hopeful eye. Hopes for better US-India relations Much of the hope for better US-India relations focuses on the desire that the US […]
This Morning in Metals: U.S. steel imports rise in December
This morning in metals news: U.S. steel imports in December picked up compared with the previous month; President Joe Biden’s nomination for secretary of commerce, Rhode Island Gov. Gina Raimondo, faced her Senate confirmation hearing yesterday; and the E.U.’s ambassador to the United States called on Biden to reach a resolution on aluminum tariffs and […]
What do China’s surging copper imports tell us about the economy for 2021?
China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Furthermore, China had an economic bounceback that saw its GDP rise 2.3% last year. China’s bounceback The rebound has been impressive. Construction of new high-speed train lines to smaller provincial cities and new motorways connecting remote […]
Week in Review: January 2021 MMI is out; what’s in store for iron ore?; Oyu Tolgoi expansion faces pushback
Before we head into the weekend, let’s take a quick look back at the week that was and the metals storylines here on MetalMiner, including the release of the January 2021 MMI, a look at what might happen to the iron ore price and much more. Inauguration Day draws near for President-elect Joe Biden, leaving […]
