This morning in metals news, the U.S. and Canada have reached a deal on the North American Free Trade Agreement (NAFTA) after several weeks of talks, Secretary of Commerce Wilbur Ross said the steel and aluminum tariffs on Canada and Mexico will remain in place, and copper prices are down on account of perceived drops […]
Tag: tariffs
Tariffs’ Impact on the Automotive Industry Takes Center Stage During Senate Finance Committee Hearing
The Senate Finance Committee hosted a hearing on the impact of tariffs on the automotive industry Wednesday morning. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Department of Commerce self-initiated a Section 232 investigation of automobiles and automotive parts back in May. “In short, the U.S. auto industry is […]
Chinese White Paper Accuses U.S. of ‘Unilateralism, Protectionism and Economic Hegemony’
Trade friction between the U.S. and China have continued apace, with the U.S. imposing an additional round of tariffs worth $200 billion and China responding with $60 billion in tariffs on U.S. goods. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Despite attempts at dialogue, tensions have only increased throughout […]
This Morning in Metals: Copper Near 10-Week High Despite Trade Tensions
This morning in metals news, copper prices approached a 10-week high, trade tensions continue to rise between the U.S. and China, and an Australian coal miner boasts a $4.4 billion IPO. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Hover Near 10-Week High Even with trade tensions weighing […]
India Takes Cautious Approach in a Time of Tariffs
By now, much has been written on U.S. trade tariffs, the latest being the 10% tariff on Chinese imports amounting to a value of $200 billion. While almost all the countries against whom the U.S. has imposed tariffs have chosen to retaliate and go in for a tit-for-tat policy, India, curiously, has decided to be […]
This Morning in Metals: USTR Questions Global Steel Forum’s Ability to Deliver Capacity Cuts
This morning in metals news, the Office of the United States Trade Representative (USTR) dished out criticism for a global steel forum and its efforts toward curbing excess steel capacity, Chinese steel rebar prices are up and Walmart warns tariffs could result in price increases. Need buying strategies for steel? Request your two-month free trial […]
Tariffs and Commodities: MetalMiner at The Right Place/Supply Chain Management Council’s Commodity Trends 2019 Outlook
As readers of MetalMiner are no doubt familiar, tariffs have changed the commodities landscape over the last year-plus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook That very subject was at the center of a conference last week in Grand Rapids, Michigan. During The Right Place/Supply Chain Management Council’s Commodity […]
Trump Administration Hits $200 Billion in Chinese Imports with 10% Tariff
The Trump administration announced after markets closed Monday that it would go through with the imposition of a 10% tariff on $200 billion worth of Chinese goods. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The tariffs — stemming from the United States Trade Representative’s (USTR) Section 301 investigation of […]
This Morning in Metals: Trump Again Tweets Support for Tariff Strategy
This morning in metals news, President Donald Trump again expressed support for imposing tariffs on imports (as the U.S. considers further tariffs on Chinese goods), shares of the Chinese aluminum giant China Hongqiao fell, and base metals prices are down on the prospect of escalating tariffs between China and the U.S. Need buying strategies for […]
This Morning in Metals: U.S. Steel Shipments Rise 5.8%
This morning in metals news, July shipments by U.S. steel mills were up compared to last year, U.S. raw steel production for the week ending Sept. 8 was up 9.8% compared with the same week last year and the Aluminum Association asked the Trump administration to provide quota-free tariff exemptions for Canada and Mexico. Need […]
