This morning in metals news, China’s Ministry of Commerce expressed displeasure with the U.S. Department of Commerce’s ruling Tuesday on aluminum foil, the European Union will retaliate if the U.S. imposes steel tariffs and the copper price takes a dip. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook China Expresses Dissatisfaction with Aluminum […]
Category: Imports
Steel Imports Rise 17.3% in January from December Data
According to the latest monthly imports report from the American Iron and Steel Institute (AISI), steel imports jumped 17.3% in January from December totals. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Compared with January 2017, however, imports were up 2.2%, according to the AISI report based on U.S. Census Bureau […]
What Could be the Outcomes for the Section 232 Aluminum Probe?
Although my colleagues have written in detail exploring the specifics of the Section 232 investigations in steel and aluminum, recently completed by the U.S. Department of Commerce, it is worth considering the likely outcomes. This is particularly true for aluminum, because the production market is not as integrated as it is for steel. Often, primary […]
This Morning in Metals: U.S. Dept. of Defense Backs Targeted Steel, Aluminum Tariffs
This morning in metals news, the U.S. Department of Defense recently indicated it would prefer targeted tariffs as opposed to a blanket strategy, Australian Prime Minister Malcolm Turnbull will press President Donald Trump on an assurance last year that Australia would be exempted and London copper is down for the week. Buying Aluminum in 2018? […]
Breaking Down Section 232 Aluminum, Part 3: The Impact on U.S. Production
(Editor’s Note: In case you missed the previous installments of this series, check out Part 1 and Part 2.) What About the Impact on U.S. Production? First, the recommendations from the Department of Commerce apply to both primary (or upstream) and downstream production. The upstream production refers to unwrought production, while downstream production consists of […]
Breaking Down Section 232 Aluminum, Part 1: Commerce Eyes 80% Capacity Utilization
Last week, the Department of Commerce released the reports accompanying the Section 232 investigations for both aluminum and steel products. The Department of Commerce initiated the investigations last April under Section 232 of the Trade Expansion Act of 1962, which grants the president the ability, along with his Department of Commerce, to determine whether certain […]
Department of Commerce Releases Section 232 Aluminum, Steel Recommendations
When the Department of Commerce announced last month that Secretary of Commerce Wilbur Ross had forwarded his Section 232 steel report (and the following week, aluminum) to President Donald Trump, the details of the report were not made public. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! That changed Friday, […]
This Morning in Metals: Indonesian Government Mulls Freeport Copper Contract Extension
This morning in metals news, the Indonesian government is considering whether or not to extend the copper export contract with Freeport McMoRan, Reliance Steel and Aluminum announces its fourth quarter earnings. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum Tariffs Could Mean Pricier Beer? President Trump has met with lawmakers this week […]
DOC Issues Affirmative Ruling in Cast Iron Soil Pipe Fittings Anti-Dumping Probe
The Department of Commerce announced it had reached a preliminary affirmative determination in its anti-dumping investigation of cast iron soil pipe fittings from China. “Though politics plays no role in antidumping investigations, President Trump made it clear that we will vigorously enforce our trade laws and provide U.S. industry relief from unfair trade practices,” Secretary […]
This Morning in Metals: Japan’s JFE Holdings Plans to Spend $6B on Upgrades
This morning in metals news, JFE Holdings Inc. in Japan plans to spend $6 billion on upgrades in the coming years, the Congressional Steel Caucus asked the administration for guidance on the Section 232 action timeline and Shanghai copper posted its biggest price jump since October. Need buying strategies for steel? Try two free months […]
