This morning in metals news, the U.S. is in talks with several nations regarding possible exemptions from its steel and aluminum tariffs, Shanghai copper hits a six-month low Wednesday and the U.S. drops a bargaining point in the ongoing North American Free Trade Agreement (NAFTA) renegotiation talks. Need buying strategies for steel? Try two free […]
Tag: Steel
This Morning in Metals: DOC Announces Exclusion Process for New Tariffs
This morning in metals news, the U.S. Department of Commerce announced its tariff exclusion process for steel and aluminum, world leaders announce the intention to work together on steel overcapacity, and bank accounts have been seized in connection to a corruption probe involving Rio Tinto’s Mongolia mine. Need buying strategies for steel? Try two free months […]
This Morning in Metals: Canadian Steel Industry Can Breath ‘Sigh of Relief’
This morning in metals news, Canadian Prime Minister Justin Trudeau says the Canadian steel industry can breath a sigh of relief after obtaining an exemption from the U.S.’s recently announced 25% steel tariff, the tariffs throw a wrench into India’s export plans and Reuters’ Andy Home opines on the way forward for the aluminum market […]
This Morning in Metals: Steel, Aluminum Tariffs Could Lead to NAFTA Departure
This morning in metals news, Goldman Sachs’ chief economist said the if the U.S. imposes steel and aluminum tariffs, the decision could preceded an exit from the North American Free Trade Agreement (NAFTA); the president’s trade adviser said exceptions in the proposed new tariffs are unlikely and LME copper holds above its two-week low. Section […]
How Has the Rest of the World Reacted to Trump’s Section 232 Announcement?
President Trump’s announcement that the U.S. intends to impose 25% import tariffs on steel and 10% import tariffs on aluminum following the Departments of Commerce’s section 232 review has been met with mixed reactions. Section 232 buying strategies – grab a copy of MetalMiner’s Section 232 Investigation Impact Report today! Steel and aluminum producers in […]
Trump Says Administration Will Implement Steel, Aluminum Tariffs Next Week
After a hectic morning during which it seemed like a Section 232 announcement from President Trump was coming, before it then it seemed like it would be postponed, an announcement did finally come. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! CNN reported earlier today that Trump said his administration […]
This Morning in Metals: Trump Calls for ‘Smart Trade’ in Tweet on Steel, Aluminum
This morning in metals, the president tweets about steel and aluminum (current Section 232 probes under his consideration), Apple’s move on cobalt and China plans to crack down on aluminum price speculation. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! Trump Tweets About Steel, Aluminum; Announcement Possibly Coming Today According […]
This Morning in Metals: China Reacts to U.S. Aluminum Foil Ruling
This morning in metals news, China’s Ministry of Commerce expressed displeasure with the U.S. Department of Commerce’s ruling Tuesday on aluminum foil, the European Union will retaliate if the U.S. imposes steel tariffs and the copper price takes a dip. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook China Expresses Dissatisfaction with Aluminum […]
This Morning in Metals: China’s Extension of Production Cuts Boosts Steel, Iron Ore Futures
This morning in metals news, the extension of pollution-curbing efforts in China is offering a boost to iron ore and steel futures, an Australian steel company is nervous about the possibility of Section 232-related steel tariffs from the U.S., and Mexico fined a steel company for stock manipulation. Need buying strategies for steel? Try two […]
This Morning in Metals: U.S. Dept. of Defense Backs Targeted Steel, Aluminum Tariffs
This morning in metals news, the U.S. Department of Defense recently indicated it would prefer targeted tariffs as opposed to a blanket strategy, Australian Prime Minister Malcolm Turnbull will press President Donald Trump on an assurance last year that Australia would be exempted and London copper is down for the week. Buying Aluminum in 2018? […]