This morning in metals news, Nucor announced plans late last week to invest $650 million in its Kentucky sheet mill, ArcelorMittal put in a revised bid for Essar Steel and China warns it will retaliate if the U.S. imposes further tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Big […]
Tag: tariffs
U.S. Steel Imports Are Down 10% in the Year to Date
Given the state of trade relations and the imposition of tariffs, it’s not surprising that the U.S. has imported less steel so far this year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to a recent American Iron and Steel Institute (AISI) report, U.S. imports of finished steel fell 10.1% […]
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 […]
This Morning in Metals: Steel Scrap Still a Bargain
This morning in metals news, steel scrap is competitive despite tariffs, Century Aluminum is one example of a company boosted by the Trump administration’s tariffs and China retaliates against the U.S.’s latest round of tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Scrap Still Competitive According to an S&P […]
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 […]
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 […]
How Good Data Enables Section 232 and 301 Tariff Compliance
The Trump administration’s Section 232 investigation led to new steel and aluminum tariffs on China, but an even bigger trade decision is looming. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In August 2017, the Office of the U.S. Trade Representative (USTR) launched a Section 301 probe, which sought to assess […]
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 […]
