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? […]
Category: Non-ferrous Metals
This Morning in Metals: Chinese Scrap Steel Exports Jump in 2017
This morning in metals news, China’s scrap steel exports surged last year, two popular American non-metal products could be affected by steel and aluminum tariffs, and a miner of gold and silver looks to get into copper and zinc. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Scrap Steel Exports […]
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 2: U.S. Importing More and Exporting Less
(Editor’s Note: This is the second part of our series covering the recently released Section 232 aluminum report. In case you missed it, you can find Part 1 here.) Domestic Aluminum Industry The aluminum industry has three main steps according to the production process: Upstream, or primary or unwrought production. Downstream, which consists of processing […]
This Morning in Metals: U.S. Raw Steel Production Down 1.9% in Year to Date
This morning in metals news, U.S. raw steel production in the year to date is down 1.9%, South Korea announced it would consider going to the World Trade Organization (WTO) if the Trump administration goes with through with steel tariffs and copper prices slide as the U.S. dollar continues its recovery from last week’s three-year […]
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 […]
This Morning in Metals: Japanese Steel Industry Appeals to Free Trade Principles
This morning in metals news, Japan urges caution in steel Section 232, Kazakhstan’s output of a number of metals jumped month over month in January and Russian billionaire Oleg Deripaska will step down as president of Rusal and En+ Group. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Japanese Steel Industry […]
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, […]
China’s Aluminum Industry Looking for Outlets for Excess Metal
China is both the world’s largest aluminum producer and consumer. So, not surprisingly, what happens in the Chinese market has a major impact on global aluminum prices. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook There was a time some years ago when China’s primary aluminum market operated largely in isolation, with primary […]
This Morning in Metals: Metal Firms Line Up to Bid for Distressed Essar Steel
This morning in metals, several companies are looking to buy the distressed Essar Steel India Ltd., copper prices bounced back up and gold prices are up. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Essar Steel on the Market Companies like ArcelorMittal and VTB Group are vying for embattled Indian firm […]