A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and […]
Category: Imports
This Morning in Metals: Moody’s steel outlook upgraded to stable
This morning in metals news: investor service Moody’s upgraded its global steel sector outlook from negative to stable; the E.U. slapped duties on stainless steel from China, Indonesia and Taiwan; and the American Iron and Steel Institute reported September import market share in the U.S. reached 16%. Are you under pressure to generate steel cost […]
Rare Earths MMI: Executive order takes aim at U.S. critical mineral import dependence
The Rare Earths Monthly Metals Index (MMI) posted no movement for this month’s index reading, as President Donald Trump signed an executive order that aims to strengthen the domestic mining industry and mitigate dependence on foreign sources of critical minerals. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
U.A.E., Bahrain expected to get Section 232 aluminum tariff exemptions
Just the rumor that producers in the United Arab Emirates and Bahrain could win a Section 232 aluminum tariff exemption was enough to ease prices for U.S. consumers. The Trump administration imposed the 10% tariff under Section 232 back in March 2018. Now, however, the removal ostensibly comes as a reward for the two Arab […]
This Morning in Metals: Hurricane Laura hits Gulf crude oil production
This morning in metals news: Hurricane Laura had the largest effect on Gulf of Mexico crude oil production of any hurricane since 2008, according to the Energy Information Administration (EIA); U.S. imports of standard pipe and tin plate from Thailand and China, respectively, surged from May-July; and tech companies could call the site of the […]
This Morning in Metals: Union leaders express optimism over ArcelorMittal USA sale to Cleveland-Cliffs
This morning in metals news: local union leaders have reportedly expressed optimism regarding this week’s announced sale of ArcelorMittal USA to Cleveland-Cliffs; the United States International Trade Commission will launch a Section 337 investigation covering electronic stud finders, metal detectors and electrical scanners; and the Bureau of Labor Statistics today released data on jobless rates. […]
This Morning in Metals: Aluminum group files anti-dumping, CVD petitions
This morning in metals news: an aluminum trade group filed anti-dumping and countervailing subsidy petitions relating to imports of aluminum foil from five countries; the consultation period for Alcoa’s San Ciprián aluminum plant ended without an agreement on a social plan for workers; and the U.S. Census Bureau released August import and export data. The […]
This Morning in Metals: U.S. steel imports fall to 1.2M metric tons in August
This morning in metals news: U.S. steel imports plunged by more than half from July to August; copper price gains Monday were capped over concerns regarding long-term prospects; and the WTI crude oil price slipped. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you […]
Import costs continue their relentless rise as U.S.-Asia trade surges
We have written in previous posts about volatility this year in the logistics market adding to buyers’ delivery and import cost uncertainty. At other times, we have also written about the decoupling of U.S.-China trade or supply chains. Events in recent months, however, suggest the two combined are likely to continue to create significant cost […]
This Morning in Metals: U.S. Steel’s Q3 guidance features $100M loss
This morning in metals news: U.S. Steel’s Q3 guidance included a $100 million loss despite improving conditions; the United States International Trade Commission (USITC) made a sunset review determination related to kitchen appliance shelving and racks; and a subsidiary of Norsk Hydro entered into a contract with Spanish aluminum company Alu Iberica. We’re offering timely […]