This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
Category: Imports
This Morning in Metals: U.S. energy exports, imports nearly equal in May
This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want […]
This Morning in Metals: MetalMiner September 2020 MMO report is out
This morning in metals news: MetalMiner’s September Monthly Metal Outlook (MMO) is now available; a Peruvian official says copper mining in the country has recovered after disruptions related to the COVID-19 pandemic; Finnish stainless steel producer Outokumpu announced a leadership change; and the U.S. Department of Commerce recently issued an affirmative final determination in a […]
This Morning in Metals: Trump takes aim at steel imports from Mexico, Brazil
This morning in metals news: President Donald Trump this Monday took aim at steel imports from Mexico and Brazil; the American Iron and Steel Institute responded to the development; and copper price surged to a two-year high. 5 Mistakes Buyers Can Make When Sourcing Steel. Trump targets steel from Brazil, Mexico The Trump administration took […]
This Morning in Metals: Iron ore price surges to six-year high
This morning in metals news: iron ore prices continue to rise; the United States International Trade Commission (USITC) voted to continue investigations related to imports of seamless standard, line and pressure pipe; and Rio Tinto’s Kennecott mine is the first to receive the Copper Mark award. Stay up to date on MetalMiner with weekly, monthly, […]
Ironically, China has briefly become the home for unwanted global overproduction
China became a net importer of steel for the second consecutive month in July. This happened despite its crude steel production rising 9% year on year and demand from infrastructure and construction remaining subdued. Are you prepared for your annual steel contract negotiations? Be sure to check out our 5 best practices. Demand drivers Several […]
This Morning in Metals: EVRAZ to move ahead with $500M Colorado steel plant expansion
This morning in metals news: EVRAZ will expand its Pueblo, Colorado plant to the tune of approximately $500 million; copper prices surged yesterday; and the Department of Commerce made a preliminary determination in its countervailing subsidy probe of small vertical engine imports from China. We’re offering timely emails with exclusive analyst commentary and some best […]
Aluminum MMI: Chinese aluminum demand remains strong, imports surge
The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
First, Canadian aluminum … could U.S. target steel next for tariffs?
Following President Donald Trump’s reimposition of 10% import tariffs on Canadian aluminum, the U.S.’s northern neighbor is now sweating the possible reimposition of steel tariffs. The U.S. imposed the Section 232 tariffs in 2018. Eventually, the U.S. lifted them following the successful agreement of the United States-Mexico-Canada Agreement (USMCA). “I hear that they’re going to […]
This Morning in Metals: Ontario Premier Doug Ford says U.S. steel tariffs could be next
This morning in metals news: Ontario Premier Doug Ford said the U.S. may follow up its reinstatement of aluminum tariffs with tariffs on Canadian steel; utility-scale battery storage continues to become more prevalent; and China imported a record amount of iron ore in July. We’re offering timely emails with exclusive analyst commentary and some best […]