This morning in metals news, copper hits an over one-week high, President Trump is pushing for a preliminary deal on the North American Free Trade Agreement (NAFTA) by mid-April and gold could reach $1,400 if a trade war ensues. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Copper Surges Strong manufacturing […]
Category: Non-ferrous Metals
This Morning in Metals: Japan’s Aluminum Industry Calls for End to U.S. Aluminum Tariff
This morning in metals news, Japan is calling for the U.S. to ditch its recently imposed Section 232 aluminum tariff, U.S. steel exports were up 13% last year and Texas Gov. Greg Abbott announced a $500 million investment from JSW Steel for its facility in Baytown, Texas. Need buying strategies for steel? Try two free […]
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 […]
Week in Review: Section 232 Tariffs, Exemptions and a Big Thursday for the Trade World
Before we head into the weekend, let’s take a look a look back at the week that was and some of the stories here on MetalMiner: Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Stuart Burns delves into falling Chinese iron ore prices — it’s not just about port stocks. The U.S. International […]
Department of Commerce Releases Section 232 Exclusion Process Details
The Department of Commerce released both the process and requirements for the submission of exclusions for the steel and aluminum Section 232 proclamations made public on March 8, 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As published in the Federal Register, the Secretary of Commerce has the authority to […]
It’s Back: Updated Section 232 Impact Report Includes New Aluminum, Steel Sections
A little over two weeks ago, the MetalMiner team released its Section 232 Investigation Impact Report in response to President Trump’s initial announcement regarding the intention to impose tariffs of 25% and 10% on steel and aluminum, respectively. Of course, time marches on and so, too, does the news. Since then, the announcement became […]
USITC Makes Final Affirmative Determination in Chinese Aluminum Foil Case
The U.S. International Trade Commission (USITC) issued a final affirmative determination in the ongoing anti-dumping and countervailing duty investigation of Chinese aluminum foil. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The Department of Commerce made its own final affirmative determination Feb. 27. “The United States International Trade Commission (USITC) today determined that a […]
Has the Aluminum Bull Market Come to a Skidding Halt?
Aluminum buyers are understandably nervous about the future price direction following the near 9% fall in prices from a high in early January. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum on the Shanghai Futures Exchange closed at the lowest level this week in 14 months, particularly unsettling as the industry had […]
This Morning in Metals: Canadian Steel Industry Can Breath ‘Sigh of Relief’
This morning in metals news, Canadian Prime Minister Justin Trudeau says the Canadian steel industry can breath a sigh of relief after obtaining an exemption from the U.S.’s recently announced 25% steel tariff, the tariffs throw a wrench into India’s export plans and Reuters’ Andy Home opines on the way forward for the aluminum market […]
It’s Official: 10% Tariffs on Aluminum, 25% on Steel With Canada and Mexico Exempt
This afternoon, President Trump signed a proclamation to impose the 25% tariff on imported steel and 10% tariff on imported aluminum products, both of which were announced on March 1. The tariffs will go into effect in 15 days, and will exclude Canada and Mexico for the moment, until NAFTA negotiations finish, according to several […]