This morning in metals news, the Aluminum Association released a report panning aluminum import quotas, Republican senators urged President Donald Trump not to impose tariffs on imported automobiles and U.S. automotive sector layoffs in 2019 have surged. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Association Comes in Against […]
Tag: tariffs
Podcast Ep. 6: How One of the Largest U.S. Truck Manufacturers Mitigates Tariff Risk — and Plans for 2020
In the aftermath of the Section 232 tariffs on steel and aluminum going into effect in March 2018, we heard and read a lot about some of the largest American OEMs and their business challenges. For example, Ford Motor Company’s claim that the tariffs cost the automaker $1 billion in profits last year. But what’s […]
Europe Back in the Crosshairs of U.S. Trade Policy
The Trump administration announced this week it was considering the imposition of tariffs on $11 billion worth of European Union imports, said by the Financial Times to include such diverse products as passenger helicopters, Roquefort cheese, olive oil and wines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The move […]
This Morning in Metals: ‘Significant Work’ Remains in U.S.-China Trade Talks
This morning in metals news, the U.S. and China’s trade negotiations march on, China’s Tewoo Group sells copper at below market value and a U.S. aluminum executive says tariffs aren’t the answer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Work to Do After the latest round of trade talks […]
This Morning in Metals: Nucor to Invest $1.35B for New Kentucky Steel Plate Mill
This morning in metals news, Nucor announced a major investment toward a new steel plate mill in Brandenburg, Kentucky, steel CEOs ask the Trump administration to maintain the Section 232 duty on steel, and copper prices moved up as U.S.-China trade talks resumed today. Need buying strategies for steel? Request your two-month free trial of […]
Trade Court Rejects Legal Challenge Aimed at Undoing President’s Section 232 Powers
The Trump administration scored a trade win in a ruling by the U.S. Court of International Trade (CIT) on Monday, as the three-judge panel rejected a challenge to the constitutionality of the Section 232 statute that yielded duties on imported steel and aluminum last year. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Trump Says China Tariffs Could Stay for ‘Substantial Period of Time’
This morning in metals news, President Donald Trump indicated Wednesday the U.S. tariffs on China might not be going away anytime soon, copper prices soared to an eight-month high and an Ohio steel company received a state grant to upgrade a railroad spur. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: U.S., China Could be Approaching Deal on Tariffs
This morning in metals news, the Wall Street Journal reports the U.S. and China are approaching a deal to roll back tariffs imposed over the last year, the Steel Authority of India Ltd. (SAIL) boosted iron ore production last month and iron ore prices are on the rise. Need buying strategies for steel? Request your two-month […]
This Morning in Metals: U.S. Agriculture Secretary Makes Case for Steel Quotas on Canada, Mexico
This morning in metals news, U.S. Agriculture Secretary Sonny Perdue is looking to convince President Trump to use quotas instead of standard tariffs on Canada and Mexico, Chinese steel mills are holding off on iron ore restocking amid rising price, and an Italian aluminum plant will be coming back online soon. Need buying strategies for […]
This Morning in Metals: Chinese Steel Prices Move Upward
This morning in metals news, Chinese steel prices are up ahead of the peak construction season, mining companies around the world are looking to change the way they operate in the wake of Vale SA’s fatal dam collapse and solar sector companies are sourcing prefab in order to find a way around the Trump administration’s […]
