This morning in metals news, Germany is getting ready to face the 25% U.S. steel tariff when the current temporary exemption for the E.U. expires early next week, Canada’s foreign minister says NAFTA negotiators have made progress on automotive rules and the E.U. is keeping a close eye on aluminum imports in the post-Section 232 […]
Category: Imports
Aluminum Association Calls for Quota-Free Exemptions for ‘Responsible’ Trading Partners
The Aluminum Association sent a letter to President Donald Trump on Tuesday calling for quota-free tariff exemptions for all “responsible trading partners countries,” while also calling for specifically addressing Chinese overcapacity. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “As you continue to evaluate and implement the Section 232 remedy, I urge you […]
This Morning in Metals: U.S. Steel Imports Jump 34% in March
This morning in metals, steel imports rose in March, global steel output was also up in March and miner Antofagasta reported a 10.5% drop in production in Q1. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel Imports Jump in March Citing U.S. Census Bureau data, the American Iron and […]
EUROFER Says E.U. Steel Safeguard Measures Must Prevent Surge of Imports
The E.U.’s steel safeguard mechanism should work to prevent a “surge of imports” but should not “close the market,” European Steel Association (EUROFER) Director General Axel Eggert said Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “The safeguard mechanism should be broad, but the purpose is not to close the […]
As E.U. Strikes Back at Steel Tariffs, Here’s Why Section 232 National Security Argument Matters
As my colleague Sydney Lazarus reported yesterday, even though the European Union has a temporary exemption from the U.S.’s Section 232 tariffs on steel and aluminum, it is demanding compensation at the World Trade Organization as shown in a filing by that trade body two days ago, according to Reuters. The EU is arguing that […]
U.S. Steel Imports Down 5.3% Year Over Year Through February
According to Census Bureau data reported by the American Iron and Steel Institute (AISI) last week, U.S. imports of steel were down 5.3% through the first two months of the year compared with the same time frame in 2017. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Total steel imports through […]
Tariffs Are About More Than U.S. Jobs
President Trump’s announcement that he could impose 25% tariffs on $60 billion of Chinese imports is ostensibly about the massive and growing trade imbalance between the U.S. and China — but one senses that underneath is a deeper and even more significant power play going on. Need buying strategies for steel? Try two free months […]
This Morning in Metals: South Korea Gets Steel Tariff Exemption
This morning in metals news, the U.S. and South Korea reach a revised trade agreement, the E.U. started a study on possible steel import limits and copper slides to a 3 1/2-month low. U.S. Gives South Korea Steel Tariff Exemption The U.S. and South Korea reached an agreement on steel tariffs, with the U.S. exempting […]
This Morning in Metals: E.U. Wants Permanent Exemptions From Section 232 Tariffs
This morning in metals news, the E.U. is looking to make its exemption from the U.S.’s Section 232 steel and aluminum tariffs permanent, reports indicate Tata Steel’s bid for Bhushan Steel could be as much as $5.3 billion, and China announced plans to impose tariffs on a number of U.S. goods in response to President […]
Trump Grants Temporary Exemptions From Steel, Aluminum Tariffs for E.U., 4 Others
Amid President Trump’s announcement Thursday morning regarding the ongoing Section 301 investigation vis-a-vis Chinese trade practices, United States Trade Representative (USTR) Robert Lighthizer told the Senate Finance Committee that the European Union and several other trading partners would be granted temporary exemptions from the administration’s Section 232 steel and aluminum tariffs. Need buying strategies for […]