This morning in metals news, E.U. states have thrown their support behind measures to curb steel imports, Indian steel demand could double by 2025, and copper and zinc prices continue to drop. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Backs Steel Import Curbing Measures E.U. states voted to approve […]
Category: Imports
This Morning in Metals: thyssenkrupp CEO Says Europe Must Protect Steel Industry From China
This morning in metals news, thyssenkrupp CEO Heinrich Hiesinger said European lawmakers need to protect the steel industry from China, copper plummets to a seven-month low and President Donald Trump responded to a European threat of retaliatory tariffs (in response to potential U.S. tariffs on auto imports). Need buying strategies for steel? Try two free […]
This Morning in Metals: ThyssenKrupp, Tata Reach Final JV Deal
This morning in metals news, ThyssenKrupp and Tata Steel have come to a final agreement on their joint venture deal, Canada hits the U.S. with tariffs on $13 billion in goods and President Trump says he will not agree to a new deal on the North American Free Trade Agreement (NAFTA) until after the midterm […]
This Morning in Metals: Lighthizer Criticizes ‘Hypocrisy’ of Global Trading System
This morning in metals news, U.S. Trade Representative Robert Lighthizer lashed out at the E.U.’s retaliatory tariffs, the Section 232 exclusion request process has allowed for some commercial gamesmanship and automakers warns against potential tariffs on imports of foreign cars. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Lighthizer Tut-Tuts E.U. […]
American Institute for International Steel Files Legal Challenge of Section 232 Statute
Nations around the world have worked to formulate their responses to the U.S.’s Section 232 steel and aluminum tariffs of 25% and 10%, respectively, since they were instituted earlier this year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Domestically, businesses have had the opportunity to file tariff exclusion requests with […]
This Morning in Metals News: Miners Call for Lifting of Philippines Ban
This morning in metals news, miners in the Philippines are calling for an end to the country’s ban on new large-scale projects, President Donald Trump tweeted his administration is finishing a study regarding potential tariffs on imported cars, and Russia’s prime minister called for retaliation against the U.S.’s steel and aluminum tariffs. Need buying strategies […]
May Steel Imports Down 23% From Previous Month
U.S. imports of steel dropped 23.2% in May compared to the previous month, according to an American Iron and Steel Institute (AISI) report citing U.S. Census Bureau data. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The U.S. imported a total of 2,887,000 net tons of steel in May. The finished […]
This Morning in Metals: Sanjeev Gupta Reopens Steelworks in South Carolina
This morning in metals news, Sanjeev Gupta reopened his GFG Industrial Group’s steelworks in South Carolina in an effort to beat the U.S. steel tariff, the steel tariff could lead to the loss of jobs at a Missouri nail production plant and Harley-Davidson feels the sting of the E.U.’s counter-tariffs. Need buying strategies for steel? […]
Aluminum Tariffs Results Are a Mixed Bag for U.S. So Far
If the aim of President Trump’s 10% import tariff on aluminum was to impact China or to encourage the reshoring of primary aluminum production into the U.S., it has, at least so far, been at best only a partial success. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Just last month, […]
Commerce Secretary Ross Testifies on Trade Actions Before Senate Finance Committee
Rising trade tensions are all the talk these days, stemming from an increasingly complicated web of tariffs, counter-tariffs and World Trade Organization (WTO) disputes, not to mention the ongoing talks surrounding renegotiation of the 24-year-old North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On Wednesday, […]
