Happy New Year

Source: Adobe Stock/Geargodz

Firstly, we want to wish all of our readers a Happy New Year!

With that said, well — that’s that for 2020.

Last year was a tumultuous one to say the least.

The coronavirus pandemic dominated the world’s attentions for much of the year. Economies struggled amid dropping demand and supply-chain challenges.

The rollout of vaccines last month offered some hope, but there remains a long road ahead.

In case you missed it, we recapped the most-viewed stories on MetalMiner last week, plus the most-viewed steel, aluminum and copper stories.

But with that, we will officially turn the page on 2020. Once again, we wish all of our MetalMiner readers around the world a Happy New Year!

Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models.

import tariff

Dmitry/Adobe Stock

This morning in metals news: the U.S. announced it will adjust its tariffs on E.U. products imposed last year; the U.S.’s renewable energy consumption surpassed that of coal for the first time since before 1885; and metals prices have retraced slightly this week.

Find more insight on MetalMiner’s LinkedIn.

U.S. adjusts tariffs on E.U.

Last year, a WTO ruling authorized the U.S. to impose up to $7.5 billion worth in tariffs on E.U. products. The ruling came as a result of the long-running saga over government subsidies for Airbus in Europe.

Yesterday, the United States Trade Representative (USTR) announced the U.S. will adjust the previously announced tariffs, citing the scope of the E.U.’s countermeasures that hit against U.S. subsidies of Boeing.

“In September, 2020 the EU was authorized to impose tariffs affecting $4 billion in U.S. trade as a result of related WTO litigation,” the USTR said in a release. “In implementing its tariffs, however, the EU used trade data from a period in which trade volumes had been drastically reduced due to the horrific effects on the global economy from the COVID-19 virus.  The result of this choice was that Europe imposed tariffs on substantially more products than would have been covered if it had utilized a normal period.  Although the United States explained to the EU the distortive effect of its selected time period, the EU refused to change its approach.”

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