This morning in metals news, aluminum and steel compete in the electric vehicle (EV) market, copper stocks on the Shanghai Futures Exchange are surging and the list of Chinese products that could be subject to tariffs might include aerospace components. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum vs. Steel […]
Tag: China
Tariffs Are About More Than U.S. Jobs
President Trump’s announcement that he could impose 25% tariffs on $60 billion of Chinese imports is ostensibly about the massive and growing trade imbalance between the U.S. and China — but one senses that underneath is a deeper and even more significant power play going on. Need buying strategies for steel? Try two free months […]
Trump Signs Memo Paving the Way for Possible $60B in Tariffs on Chinese Imports
President Trump lobbed another salvo in the administration’s trade strategy, moving to sign an order that paves the way for tariffs on China potentially amounting to as much as $60 billion, he said Thursday, covering approximately 1,300 products, according to administration officials cited in media reports (the list has yet to be released). Need buying […]
U.S. Trade Associations Urge President Not to Impose Tariffs on China
In a letter from 45 U.S. trade associations sent to President Trump Sunday, the associations urged the president to avoid imposing tariffs on China because they would negatively impact the U.S. economy and consumers, according to a Reuters report. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to a Bloomberg […]
This Morning in Metals: U.S. Could Impose New Tariffs on China This Week
This morning in metals news, a report indicates the U.S. plans to impose new tariffs on China this week, the E.U. looks to pin the blame for global steel oversupply on China and the U.A.E. wants to gain an exemption from the U.S. tariffs on steel and aluminum. Need buying strategies for steel? Try two […]
High China Iron Ore Port Stocks Not the Whole Story
Not surprisingly, any discussion of iron ore prices in top consumer China inevitably involves some reference to import stock inventory. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook So when Reuters reports that the Dalian commodity exchange May iron ore contract price touched a low of 475.50 yuan per ton this […]
Have Zinc Prices Already Peaked?
This month, zinc prices started to trade lower, returning to the $3,200 level. This activity represents the first short-term price pullback we’ve seen in zinc prices since June 2017, when prices started their latest rally. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But going back even further, the zinc price […]
China’s Drop in Steel Exports Could be Temporary
Li Lizhang, the chairman of state-owned mill Fujian Sangang Group Co Ltd, is quoted in Reuters as saying exports of steel products may continue to fall this year, having plunged by over 30% last year to 75.43 million tons. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook China produced 831.73 million […]
DOC Issues Preliminary Affirmative Determination in Forged Steel Fittings Case
Amid the hubbub caused by President Trump’s recent Section 232 proclamation on steel and aluminum tariffs, the Department of Commerce issued an affirmative preliminary determination on Thursday in the countervailing subsidy case of forged steel fittings from China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Department of Commerce ruled […]
Gravity May be Reasserting Itself in China’s Aluminum Smelter Sector
In an effort to curb horrendous atmospheric pollution, particularly during the winter heating season, Beijing’s crackdown on energy-intensive and polluting industries resulted in widespread closures across the Chinese aluminum smelting industry. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But even as expectations rise that those smelters from Shandong to Shanxi may soon […]
