This morning in metals news, trade experts cited by Reuters say the U.S. might have to find another route to impose tariffs on imported automobiles, Japan’s crude steel output dropped in October and U.S. steel prices have started to show some signs of upward momentum. Need buying strategies for steel? Request your two-month free trial […]
Tag: Automotive
This Morning in Metals: Automakers Await Trump’s Section 232 Auto Tariff Decision
This morning in metals news, the world is waiting on the Trump administration’s Section 232 auto tariff decision, an Indian Supreme Court ruling opens the door for ArcelorMittal to finally acquire the bankrupt Essar Steel and Rio Tinto plans to raise funds for the rehabilitation of the Ranger uranium mine in Australia. Need buying strategies […]
U.S.-E.U. Trade Talks Show Promise Over Auto Tariffs Issue
Not everyone agrees with the use of tariffs to achieve changes in trade relations. However, a recent article in The New York Times article reports the threat of 25% import tariffs on the U.S.’s main automotive trading partners could prove to be spectacularly successful. Keep up to date on everything going on in the world […]
PSA Groupe, Fiat Chrysler to Merge as European Auto Sector Faces Challenges Ahead
The board of France’s PSA, owner of Peugeot, has given chief executive Carlos Tavares approval to launch a full-scale merger with Fiat Chrysler Automobiles, creating one of the world’s largest carmakers, the Financial Times reports. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. […]
Indian Steel Companies Worry About Demand as Auto Sales Fall
Since April this year, the Indian automobile sector has been seeing signs of a slowdown in sales. This has led to job cuts and expressions of concern from some major domestic steel producers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The slump in the sales of four- and two-wheelers […]
Western Carmakers are Struggling in China
Automotive executives running carmaking joint ventures in China must be asking themselves regarding the current performance situation: is it a downturn in the lower end of the car market or backlash against trade war? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Financial Times reported Ford’s plants in China […]
Declining Automotive Sector Could Have Ripple Effect on U.K. Economy
When you think of the United Kingdom, you don’t normally think “automotive powerhouse.” Sure, the U.K. has a long and illustrious tradition of making some of the world’s most iconic motorcars. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Think Rolls-Royce, Bentley, Jaguar, Lotus, Morgan and, my own favorite, Aston […]
Brexit Looms Large as Autos Lead the U.K.’s GPD Slowdown
Every set of data in the U.K. prompts a surge of reports from two groups. On the one hard, there are those inclined to stay in the E.U. who assert the very prospect of Brexit is damaging the economy. On the other, there are those inclined to leave, stating it is the delay that is […]
Automakers Get Temporary Reprieve as Trump Delays Section 232 Auto Tariff Decision
Automakers and consumers fearing a new U.S. tariff on imported automobiles and automotive parts breathed a sigh of relief on Friday when President Donald Trump announced he would delay his decision on the matter for up to six months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The U.S. Department […]
This Morning in Metals: Section 232 Auto Tariff Decision Delayed
This morning in metals news, the May 18 deadline for the president’s decision on potential new automotive tariffs is being pushed back up to six months, Chinese iron ore futures rose to a record high and the Trump administration reversed an Obama-era pause on mining in a northeastern Minnesota wilderness area. Need buying strategies for […]