Given the state of trade relations and the imposition of tariffs, it’s not surprising that the U.S. has imported less steel so far this year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to a recent American Iron and Steel Institute (AISI) report, U.S. imports of finished steel fell 10.1% […]
Tag: L9
U.S., Mexico Strike Preliminary Agreement in Principle on NAFTA Provisions; U.S.-Canada Talks Await
On Monday, the U.S. announced an agreement in principle regarding aspects of the North American Free Trade Agreement (NAFTA), albeit in a bilateral sense, as Canada remained on the sidelines of the talks between the U.S. and Mexico. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “The United States and Mexico […]
India’s Coal Imports Continue to Rise
When it comes to coal, India’s litany of woes continues. Despite high prices in international markets, imports continue to rise — and there’s no letting up on that front. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After a dip in FY 2017, overall coal imports increased 10% in FY 2018. […]
Aluminum Association Urges Trump Administration to Address Chinese Overcapacity
The Aluminum Association this week sent a letter to the Trump administration urging it to address Chinese overcapacity, as U.S. and Chinese officials are set to resume talks Wednesday and Thursday aimed at allaying trade tensions. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The trade group sent the letter to Treasury […]
Turkey Goes to WTO For Consultations With U.S. Over Additional Steel, Aluminum Duties
In the latest move in the recent saga of burgeoning tensions between the U.S. and Turkey, the latter has filed a request with the World Trade Organization (WTO) for consultations over the U.S.’s additional steel and aluminum tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The request was circulated to […]
If You Thought the Trade War is as Bad as it Can Be … Get Ready for a Currency War
Whether by design or dint of investors’ view of a currency’s true worth in the wake of tariffs, emerging-market currencies are sliding — in some cases, fast. The Turkish lira is by far the most dramatically impacted, as the escalating tariff standoff with the U.S. has hastened an already weakening currency toward a 40% decline, […]
Copper Price Falls as BHP Says Deal is Reached to Avoid Escondida Strike
The breaking news this week is that Chile’s Escondida mine operator BHP has announced it looks like a strike has been averted and that a settlement plan is being put to the workers. That is good news for a market widely expected to go into deficit this year, according to Mining.com. Wondering how your stainless […]
DOC Issues Final Affirmative Determination on Steel Flanges From India
The U.S. Department of Commerce (DOC) announced this week that it had made a final affirmative determination in its anti-dumping and countervailing duty investigations of steel flanges imported from India. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Stainless steel flanges from India were sold in the U.S. at less than […]
Turkish Currency on the Slide, Economy Set to Follow
Import tariffs appear to have become the weapon of choice for this U.S. administration. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Some administrations use military power, but Trump prefers economic pressure to achieve his ends. His latest skirmish is with Turkey — not that many in the U.S. would notice […]
GOES MMI: GOES M3 Prices Slip in July
The headline news for grain-oriented electrical steel (GOES) involves the continued drop in total import levels into the U.S. The U.S. had imported at least 2,500 metric tons per month since the start of this year, but after the announcement of tariffs, imports shrank to 411 metric tons in July. However, some steel pundits speculate […]
