This morning in metals news, China went to the World Trade Organization to file a complaint regarding the U.S.’s $200 billion worth of tariffs announced Monday, Nucor resumes operations in the Carolinas following Hurricane Florence and copper prices rally. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Goes to […]
Tag: China
Trump Administration Hits $200 Billion in Chinese Imports with 10% Tariff
The Trump administration announced after markets closed Monday that it would go through with the imposition of a 10% tariff on $200 billion worth of Chinese goods. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The tariffs — stemming from the United States Trade Representative’s (USTR) Section 301 investigation of […]
This Morning in Metals: Trump Again Tweets Support for Tariff Strategy
This morning in metals news, President Donald Trump again expressed support for imposing tariffs on imports (as the U.S. considers further tariffs on Chinese goods), shares of the Chinese aluminum giant China Hongqiao fell, and base metals prices are down on the prospect of escalating tariffs between China and the U.S. Need buying strategies for […]
Why Are We Relaxed About a Possible Trade War with China?
The markets appear strangely relaxed about the growing economic and political standoff between the U.S. and China. Maybe because it has been a slow burn over the last six months or maybe because no one quite believes either side would be stupid enough to allow a full-blown trade war to develop, but markets are generally […]
This Morning in Metals: Nucor Announces $650M Investment in Kentucky Sheet Mill
This morning in metals news, Nucor announced plans late last week to invest $650 million in its Kentucky sheet mill, ArcelorMittal put in a revised bid for Essar Steel and China warns it will retaliate if the U.S. imposes further tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Big […]
This Morning in Metals: Argentina Imposes Export Tariffs on Steel
This morning in metals news, Argentina sets exports tariffs, LME copper drops and China’s biggest aluminum-producing city is getting set to roll out high-end aluminum projects. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Argentina Slaps Exports with Tariffs Argentina added export tariffs to all products, including steel, according to S&P […]
Mexico Launches Anti-Dumping Probe on Chinese Aluminum Foil
Just last year, the U.S. Department of Commerce kicked off an investigation of imports of aluminum foil from China; in February, it issued a final affirmative determination in its anti-dumping and countervailing duty cases. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Last week, Mexico announced it was going in a similar direction. […]
China Seeks Consultations with U.S. Over $16B in Tariffs
In a world of increasing trade tensions, sometimes involved parties just want to talk.Need buying strategies for steel? Try two free months of MetalMiner’s OutlookSuch was the case last week, as China initiated a World Trade Organization (WTO) dispute complaint seeking consultations with the U.S. over the $16 billion in tariffs that went into effect […]
This Morning in Metals: Steel Stocks Drop After Trump Proclamation
This morning in metals news, some steel stocks fell on the heels of President Trump’s proclamation on targeted tariff relief for quota countries, China looks to speak with its domestic aluminum foil makers as Mexico recently launched an anti-dumping probe and European Commission President Jean-Claude Juncker responds on the subject of automotive tariffs. Need buying […]
DOC Issues Affirmative Preliminary Determination on Steel Wheels from China
The Department of Commerce handed down an affirmative preliminary determination in its countervailing duty investigation of steel wheel imports from China. In the preliminary determination, the Department of Commerce said the imports benefited from countervailable subsidies ranging from 58.75% to 172.51%. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Imports of […]
