This morning in metals news, Britain’s No. 2 steelmaker is at risk of collapsing, U.S. aluminum maker Century Aluminum responded to the Trump administration’s decision to remove the Section 232 tariffs for Canada and Mexico, and rare earths could prove to be a weapon in China’s arsenal as trade tensions with the U.S. continue. Need […]
Category: Imports
U.S. Steel Mills’ Capacity Utilization Rate Reaches 81.8%
U.S. steel mills have operated at a capacity utilization rate of 81.8% for the year through May 18, according to the American Iron and Steel Institute’s (AISI) weekly steel production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the report, adjusted year-to-date production through May 18 reached […]
Will a Weakening Yuan Result in Rising CRC Steel Imports from China?
In recent weeks, the Chinese yuan (CNY) has weakened against the U.S. dollar (USD). A weaker yuan makes imports cheaper, all other things holding equal. As we can see in this chart, during the past couple of weeks the yuan weakened back to roughly December levels. Will this currency change result in surging steel imports […]
Trump Drops Metals Tariffs on Canada, Mexico; What’s the Impact on Steel, Aluminum Prices?
President Donald Trump announced today the removal of the U.S.’s Section 232 tariffs on steel and aluminum with respect to NAFTA partners Canada and Mexico. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The tariffs had remained in place since June 1, 2018, when temporary exemptions for Canada, Mexico and […]
This Morning in Metals: Iron Ore Soars After Vale Warning
This morning in metals news, the iron ore price continues to rise, the U.S. cut its import tariff on Turkish steel in half and copper is on its way to its fifth consecutive weekly loss. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises After Vale Warning The […]
Automakers Get Temporary Reprieve as Trump Delays Section 232 Auto Tariff Decision
Automakers and consumers fearing a new U.S. tariff on imported automobiles and automotive parts breathed a sigh of relief on Friday when President Donald Trump announced he would delay his decision on the matter for up to six months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The U.S. Department […]
This Morning in Metals: USTR Begins Process to Raise Tariffs on Remaining Imports from China
This morning in metals news, President Donald Trump has instructed the United States Trade Representative to begin the process of raising tariffs on the remaining approximately $300 billion in Chinese imports, Germany’s Thyssenkrupp is looking for new partners after the planned merger of its European operations with Tata Steel fell apart and China announced retaliatory […]
This Morning in Metals: U.S. Tariff Increase on Chinese Goods Goes into Effect
This morning in metals news, the U.S. on Friday raised tariffs on a wide variety of imports from China, a long-considered European joint venture does not appear likely to come to fruition and March steel imports fell 7%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tariff Tensions As promised […]
This Morning in Metals: Aluminum Association Says Quotas are ‘Bad Deal’ for American Workers
This morning in metals news, the Aluminum Association released a report panning aluminum import quotas, Republican senators urged President Donald Trump not to impose tariffs on imported automobiles and U.S. automotive sector layoffs in 2019 have surged. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Association Comes in Against […]
USTR Special Section 301 Report Identifies 36 Countries for IP Infringement Watch Lists
The Office of the United States Trade Representative (USTR) released its annual Section 301 report late last week, covering intellectual property protection by U.S. trading partners and its so-called Notorious Markets List. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Trump administration utilized Section 301 of the Trade Act […]
