The U.K. government has imposed a 35% import tariff on iron and steel from Russia and Belarus as part of denying the two countries Most Favored Nation tariff for hundreds of their exports. The MetalMiner team will discuss the impacts of the Russian invasion in greater detail during its webinar session scheduled for Wednesday, March […]
Tag: imports
This Morning in Metals: USITC rules aluminum foil imports from 5 countries harmful to US industry
This morning in metals news: the United States International Trade Commission this week issued a ruling on imports of aluminum foil from five countries; Ford of Europe reported a decline in sales and European market share; and, lastly, job openings rates declined in 21 states in August, the Bureau of Labor Statistics reported. Each month, […]
This Morning in Metals: US import prices rise by 1.0% in June
This morning in metals news: import prices rose by 1.0% in June; Saudi Arabia and the United Arab Emirates have reportedly reached a deal to resolve their recent oil output spat; and, lastly, Norsk Hydro recently announced the restart of its aluminum extrusion plant in Sjunnen, Sweden. Receive the latest short-term and long-term outlook for […]
This Morning in Metals: Nonfarm payroll employment rises by 559,000
This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the […]
This Morning in Metals: Copper production from top 10 companies to rise up to 3.8% in 2021, GlobalData forecasts
This morning in metals news: consultancy GlobalData forecast copper production from the top 10 copper mining companies will rise by up to 3.8% this year; meanwhile, the US Senate Committee on Homeland Security and Governmental Affairs advanced a bill that aims to strengthen Buy American requirements; and, lastly, US import prices rose in April. The […]
This Morning in Metals: Rio Tinto reaches new financing deal for Oyu Tolgoi
This morning in metals news: miner Rio Tinto announced it had reached a financing plan with Turquoise Hill Resources for the Oyu Tolgoi copper mine in Mongolia; meanwhile, the United States International Trade Commission (USITC) made a countervailing duty ruling on chassis and subassemblies from China; and, lastly, China’s National Bureau of Statistics released Producer […]
US steel imports drop 22% in February
US steel imports in February — and through the first two months of the year — are down compared with 2020, the Census Bureau reported. Do you know the five best practices of sourcing metals, including steel? US steel imports in February down 22% from previous month US steel imports reached 1.71 million metric tons […]
Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’
Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization […]
This Morning in Metals: February US auto sales forecast to rise 3.3%
This morning in metals news: J.D. Power and LMC Automotive released their joint forecast on February US auto sales; meanwhile, US steel imports fell by 23% in January; and, lastly, Ford’s CEO urged the US government to support the implementation of electric vehicle applications. February US auto sales forecast to rise New-vehicle retail sales in […]
What do China’s surging copper imports tell us about the economy for 2021?
China has had a fraction of the deaths and hospitalizations from the COVID-19 pandemic that Western societies have had. Furthermore, China had an economic bounceback that saw its GDP rise 2.3% last year. China’s bounceback The rebound has been impressive. Construction of new high-speed train lines to smaller provincial cities and new motorways connecting remote […]
