In one of its first tests as a free trading global economy after Brexit, Britain achieved a middling mark this past week. Trade minister Liz Truss accepted its independent, newly established Trade Remedies Authority recommendation to scrap some quotas on imports that had been carried over from the European Union in 2019 prior to Brexit. […]
Tag: Brexit
Does Brexit Britain lean towards embracing free trade or favoring protectionism
To protect or not to protect, that is the question for Brexit Britain. Britain was taken into its rupture from Europe on the Global Britain ticket, with the promise of liberating new trade deals once it was unfettered by Europe’s stifling protectionist culture. That’s not a bad mandate for change. However, it would seem that […]
UK steel industry pushes for protectionism — even for steels it doesn’t produce
The phrase “be careful what you wish for” is often used by those who smirk at an unexpected outcome from a decision. But some in the British Conservative party’s so-called Red Wall – those former Labour or center-left voters who swung behind the Conservative, or center-right, party in supporting Britain’s departure from Europe — must […]
Brexit aftermath: U.K.-E.U. reach deal, but much is left to be decided
After four and a half years and unprecedented social and political discord, it has finally happened: the United Kingdom has left the European Union with the bare bones of a free trade agreement. More MetalMiner is available on LinkedIn. Bare bones free trade agreement It took until Christmas Eve — ahead of the Dec. 31 […]
Brexit trade deal talks go down to the wire
Among all the hullabaloo of COVID-19 infection rates and surging deaths, we may all be forgiven for having forgotten that a small but relatively important part of the European Union, Britain, formally leaves the bloc — that is, Brexit — in just over two weeks time with no formal separation agreement or coherent working plan […]
Tata Steel looks to split up European units to find buyers
Tata Steel has been having a pretty horrid time trying to get rid of its loss-making European steel business. Last year, the European Commission rejected a potential merger with ThyssenKrupp’s equally struggling steel business on competition grounds. The combination of two such significant European steelmakers would give them undue dominance in the European market, the […]
European Council gives green light to begin talks over post-Brexit trade relationship
After over three years of drama on the heels of its historic Brexit referendum, the U.K. officially withdrew from the E.U. at the end of January. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! For now, not much has changed. The U.K. remains in a transitional […]
What’s next for U.K. car manufacturing after Brexit?
One of U.S. President Donald Trump’s objectives when applying high import tariffs to steel, aluminum and, now, downstream products was to support domestic producers by making it economically more attractive to produce locally than to import. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly metal buying outlook An unexpected, or at […]
Brexit happens at 11 p.m. GMT tonight … but what comes after?
Although the clocks will count down to 11 p.m. this evening to mark Brexit and Prime Minister Boris Johnson will pronounce “the dawn of a new era” for Britain, ending almost half a century of European Union membership, it will remain an issue of intense division within the U.K. with half the population feeling a […]
This Morning in Metals: U.S. Steel releases Q4, full-year 2019 results
This morning in metals news, U.S. Steel’s latest financial release reflects a difficult 2019, Brexit is near and copper continues its slide. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. U.S. Steel reports Q4, full-year 2019 financials U.S. Steel posted net losses of […]
