This morning in metals news, Chinese steel prices are not running in the same direction as the Chinese stock market, copper hit a two-week high and automaker shares were up on yesterday’s NAFTA news. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Surging The Chinese stock market has been […]
Tag: Steel
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 […]
Turkey’s Disproportionately Large Steel Sector Heavily Impacted by Tariffs
Turkey may not be a big cheese in many ways, but its currency has taken a hammering following President Donald Trump’s threats of doubling tariffs and dire sanctions against a select few individuals close to authoritarian President Recep Tayyip Erdoğan. But apart from the impact on one or two other emerging-market currencies, like South Africa’s, […]
This Morning in Metals: Mexican Steel Industry to Visit Washington to Talk Quotas
This morning in metals news, the Mexican steel industry has been invited to visit Washington to talk about the possibility of a steel quota (instead of the the 25% tariff), Tata Steel’s UK arm has posted losses this past year and China says trade talks this week were “constructive and candid.” Need buying strategies for […]
This Morning in Metals: Next Round of U.S. Tariffs on China Set to Go Into Effect
This morning in metals news, $16 billion in tariffs on imports of Chinese goods will go into effect tomorrow, optimism from the Mexican side is high with respect to a NAFTA deal and steel demand in India is pushing the global total toward a new record. Need buying strategies for steel? Try two free months […]
This Morning in Metals: Tennessee Manufacturers Ask Trump to Rescind Steel Tariff
This morning in metals news, a group of Tennessee manufacturers sent the president a letter urging him to rescind the Section 232 tariff on imported steel, the Trump administration has proposed a new rule for emissions standards that would undo Obama-era limits and copper hit a one-week high.Need buying strategies for steel? Try two free […]
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 […]
This Morning in Metals: Tariffs Saving the U.S. Steel Industry? Trump Says Yes
This morning in metals news, President Trump claimed his tariffs are saving the U.S. steel industry, steel supplies from Japan and South Korea to India have increased, and Turkey hits back with new tariffs in response to the U.S.’s doubling of the steel and aluminum tariffs. Lower your aluminum spend – Take a free trial […]
Tariffs Lift Prices But Capacity Utilization Remains an Issue
Even if U.S. steelmakers have been slow to add capacity following President Trump’s tariff protection, it would seem foreign steel makers are willing to commit to domestic U.S. production. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Financial Times this week reported on the announcement by BlueScope Steel, Australia’s biggest […]
This Morning in Metals: Domestic Raw Steel Production Up 5% Year Over Year
This morning in metals news, domestic raw steel production for the week ending Aug. 11 jumped 5% compared with the same week last year, the U.S. has raked in more than $1.4 billion from its steel and aluminum tariffs, and China’s aluminum production surged in July. Need buying strategies for steel? Try two free months […]