This morning in metals news, U.S. imports of steel are down 10.6% for the first seven months of the year, U.S. Steel plans to idle its East Chicago plant, and China will raise tariffs on imports of copper scrap and aluminum scrap from the U.S. Need buying strategies for steel? Request your two-month free trial […]
Category: Imports
Week in Review: Risk Mitigation, Trump and Greenland, and a Chicago Nonprofit Teaches Skills
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Bill DeMartino of riskmethods recently spoke at MetalMiner’s Forecasting Workshop on the subject of risk mitigation tips and […]
India Could be Net Steel Importer for Second Straight Year
All indicators seem to show that India may end up being a net importer of steel for the second consecutive year in fiscal year 2020, according to sector experts and ratings agencies. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The reasons underpinning this development are many. In a desperate […]
U.S. Court of International Trade Affirms Duties on Chinese Aluminum Foil
On April 19, 2018, the U.S. Department of Commerce issued anti-dumping and countervailing duty orders on certain types of aluminum foil from China. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Chinese producers appealed the decision, but the U.S. Court of International Trade this month opted to uphold the Commerce Department’s determination. The […]
U.S. Steel Imports Down 13% in 1H 2019
The U.S. imported 13% less steel in the first half of 2019 compared with the first half of 2018, the American Iron and Steel Institute (AISI) reported recently. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Through the first six months of the year, U.S. total steel imports reached 15.62 million […]
Trump Directs Dept. of Defense to Search for Alternative Sources of Rare Earth Magnets
Rare earths are coveted around the world for their application in a wide variety of high-tech uses, from consumer electronics to military applications. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook However, a rare earths market dominated for years by China has presented a challenge to the U.S. Toward that […]
This Morning in Metals: Steel Dynamics Announces New Flat-Rolled Steel Mill Site
This morning in metals news, Steel Dynamics announced the site of a planned new flat-rolled steel mill, Norsk Hydro says aluminum demand is falling in Germany and Canadian aluminum producers are enjoying boosted profits on the heels of the removal of the U.S.’s Section 232 tariffs. Need buying strategies for steel? Request your two-month free […]
U.S. Steel Sector Hits Capacity Utilization Rate of 81.1%
For the year as of July 20, the U.S. steel sector notched a capacity utilization rate of 81.1%, up from 77.0% for the same period in 2018, according to the U.S. steel production report released by the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
U.S. Says Steel Racks Dumped from China, Aided by Countervailable Subsidies
The U.S. Department of Commerce announced late last week that it found evidence of dumping and countervailable subsidization of steel racks from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the DOC, imports of the steel racks from China were dumped into the U.S. at less than […]
Rising Quotas, Declining Growth Pose Challenges for E.U. Steel Sector
Recently, the European Steel Association (EUROFER) argued that a series of factors, including rising imports and slowing economic growth, are posing an existential threat to the E.U.’s steel industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Earlier this year, the E.U. imposed steel safeguards in an attempt to protect […]
