This morning in metals news, Chinese exports of steel and aluminum were up in April, copper prices fell and negotiators are working to reach a deal on the North American Free Trade Agreement (NAFTA) this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel, Aluminum Exports Jump in May […]
Tag: Steel
Steel, Aluminum Tariffs Postponed for Another 30 Days
Following intense lobbying by French President Emmanuel Macron and German Chancellor Angela Merkel — plus, it must be said, the whole European steel industry and many consumers in the U.S. — U.S. President Donald Trump has announced a delay in the imposition of steel and aluminium tariffs on Canada, Mexico and, crucially, the European Union […]
This Morning in Metals: Steels Mills Shut Down in China’s Xuzhou
This morning in metals, steel mills in China’s second-biggest steelmaking province are shutting down, U.S. Steel reports its Q1 financials and Ecuadorian officials are engaging in talks to potentially bring a copper refinery to the country. Chinese Mills Shut Down in Pollution-Curbing Measure Several steel mills in the Chinese city of Xuzhou have been shut […]
Indian Steel Demand on the Upswing as Bidding for Essar Heats Up
The Indian steel industry is witnessing some interesting times — and not in the sense of the Chinese curse. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After a hiatus, domestic demand is up. On the other hand, the sector is seeing consolidation as international and domestic steel players spar over […]
EUROFER Says E.U. Steel Safeguard Measures Must Prevent Surge of Imports
The E.U.’s steel safeguard mechanism should work to prevent a “surge of imports” but should not “close the market,” European Steel Association (EUROFER) Director General Axel Eggert said Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “The safeguard mechanism should be broad, but the purpose is not to close the […]
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: Aluminum Prices Rally, EU Challenges U.S. Section 232 Tariffs
This morning in metals news, aluminum prices have risen to a seven-year-high following the London Metal Exchange’s ban on Rusal metal, the EU pushes back against the U.S.’s steel and aluminum tariffs, and renewable energy takes center stage among major U.S. companies. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A […]
This Morning in Metals: Japan Continues Efforts to Win Tariffs Exemptions
This morning in metals news, Japan is opting for a “low-key” approach in its efforts to win Section 232 tariff exemptions, Ukraine’s steel production dropped 3% in the first quarter and Turkey sent a letter to the U.S. lobbying for tariff exemptions of its own. Need buying strategies for steel? Try two free months of […]
