This morning in metals news, Germany is getting ready to face the 25% U.S. steel tariff when the current temporary exemption for the E.U. expires early next week, Canada’s foreign minister says NAFTA negotiators have made progress on automotive rules and the E.U. is keeping a close eye on aluminum imports in the post-Section 232 […]
Tag: Section 232
Aluminum Association Calls for Quota-Free Exemptions for ‘Responsible’ Trading Partners
The Aluminum Association sent a letter to President Donald Trump on Tuesday calling for quota-free tariff exemptions for all “responsible trading partners countries,” while also calling for specifically addressing Chinese overcapacity. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “As you continue to evaluate and implement the Section 232 remedy, I urge you […]
Steel Price Trends: An Upcoming Top?
U.S. domestic steel prices steadily increased after the release of the Section 232 report and President Donald Trump’s formal proclamation. However, the pace of the increases has started to slow down, signaling a possible top. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After what now looks like sluggish steel momentum […]
This Morning in Metals: Alcoa Shares Jump 4%, Companies Seek Waivers from Section 232 Tariffs
This morning in metals news, there has been a flood of applications from U.S. companies for exemptions from the Section 232 tariffs. Nickel prices reached a three-year high, stoked by fears of more sanctions, and Alcoa shares jumped in after-hours trade following rosy Q1 results. Need buying strategies for steel? Try two free months of […]
As E.U. Strikes Back at Steel Tariffs, Here’s Why Section 232 National Security Argument Matters
As my colleague Sydney Lazarus reported yesterday, even though the European Union has a temporary exemption from the U.S.’s Section 232 tariffs on steel and aluminum, it is demanding compensation at the World Trade Organization as shown in a filing by that trade body two days ago, according to Reuters. The EU is arguing that […]
This Morning in Metals: Trump Calls For $100B in Additional Tariffs on China
This morning in metals news, the U.S.-China trade conflict escalated further on Thursday, ABB’s chief executive hopes some relief might be offered by the U.S. vis-a-vis Chinese steel import tariffs and Japan’s second-quarter steel outlook reflect a year-over-year increase in production but includes uncertainty about the ultimate impact of the U.S.’s Section 232 tariffs. Trump […]
This Morning in Metals: China Responds With $3B in Tariffs on U.S. Goods
This morning in metals news, China responds to the U.S.’s Section 232 tariffs with $3 billion in tariffs on U.S. goods, several firms put in new bids for the distressed Essar Steel, and President Donald Trump and Japanese Prime Minister Shinzo Abe will meet this month to discuss trade. Need buying strategies for steel? Try […]
This Morning in Metals: India Asks for Exemption from U.S.’s Steel, Aluminum Tariffs
This morning in metals news, India wants to get a waiver from the U.S.’s Section 232 tariffs on steel and aluminum, uncertainty for craft beverage makers, and the U.S. Trade Representative said he is hopeful a new North American Free Trade Agreement (NAFTA) deal can be reached soon. Need buying strategies for steel? Try two […]
This Morning in Metals: E.U. Wants Permanent Exemptions From Section 232 Tariffs
This morning in metals news, the E.U. is looking to make its exemption from the U.S.’s Section 232 steel and aluminum tariffs permanent, reports indicate Tata Steel’s bid for Bhushan Steel could be as much as $5.3 billion, and China announced plans to impose tariffs on a number of U.S. goods in response to President […]
Trump Grants Temporary Exemptions From Steel, Aluminum Tariffs for E.U., 4 Others
Amid President Trump’s announcement Thursday morning regarding the ongoing Section 301 investigation vis-a-vis Chinese trade practices, United States Trade Representative (USTR) Robert Lighthizer told the Senate Finance Committee that the European Union and several other trading partners would be granted temporary exemptions from the administration’s Section 232 steel and aluminum tariffs. Need buying strategies for […]
