The Automotive Monthly Metals Index (MMI) dropped two points this month, down to a reading of 91 for May. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors and Ford Motor Co. have turned to a quarterly sales reporting schedule, moving away from the traditional monthly reporting […]
Tag: Automotive
This Morning in Metals: Aluminum Association Says Quotas are ‘Bad Deal’ for American Workers
This morning in metals news, the Aluminum Association released a report panning aluminum import quotas, Republican senators urged President Donald Trump not to impose tariffs on imported automobiles and U.S. automotive sector layoffs in 2019 have surged. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Association Comes in Against […]
How One of the Largest U.S. Truck Manufacturers Mitigates Tariff Risk
Matt Marthinson, VP of Supply Chain at JB Poindexter & Co., Inc. lets listeners in on how an established transportation industry manufacturer with significant exposure to commodity risk views the tariff landscape, both now and into 2020. Listen in to the full conversation with Lisa Reisman on our current podcast series, “The Maker-to-User Trend in the Time of Tariffs.”
Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook More recently, however, the company turned to more positive news, announcing plans to upgrade technology at its Husnes plant to produce […]
Loophole in E.U.’s Auto Emissions Law Lets Automakers Drive Away from Fines
History abounds with examples of the E.U.’s incompetence, particularly around its lawmaking. But an absolute corker is going on this year over automotive emission targets. From 2021, the E.U.’s target for average carbon dioxide emissions from cars is 95 grams per kilometer, in an effort to force innovation in more efficient power units and to […]
Automakers Face Headwinds in Rapidly Changing Automotive Marketplace
We are used to dire stories emanating from the automotive industry in Europe of late. The swing from diesel engines has hit European producers hard, as the region had been heavily biased toward the economical but historically carbon particulate polluting oil burners. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
ACEA Secretary General: European Cars to U.S. Don’t Pose National Security Threat
The association representing Europe’s automotive manufacturers recently weighed in on the latest developments in the U.S.’s Section 232 automotive probe. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Imports of cars and auto parts from the EU clearly do not pose a national security risk to the United States,” said […]
Industry Group Asks Trump Administration to Release Section 232 Automotive Report
Just before the statutory deadline, Commerce Secretary Wilbur Ross on Sunday sent President Donald Trump his report on the Section 232 automotive investigation opened last year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Trump administration launched the investigation May 23, 2018, using Section 232 of the Trade Expansion […]
This Morning in Metals: Section 232 Auto Report Moves to President Trump
This morning in metals news, the U.S.’s Section 232 automotive investigation moves forward, Tokyo Steel announces its prices will remain steady next month and the copper price got a boost from an Indian Supreme Court ruling. Section 232 Report Sent to the President On May 23, 2018, the Trump administration initiated a Section 232 investigation […]
Where Reshoring is Headed in Our Current Time of Tariffs
Harry Moser leads the Reshoring Initiative, a nonprofit whose ultimate goal is to bring as many jobs back to the U.S. as possible. With record reshoring numbers posted in 2017, it would seem the Trump administration’s tariffs would help make 2018 and 2019 even better for the “maker-to-user” movement (characterized by local sourcing leading to a host of economic and environmental benefits) — or would it? Listen in to the full conversation.