This morning in metals news: U.S. import prices rose in December; the Aluminum Association commented on potential changes to the Section 232 aluminum tariff program; and November steel shipments dropped by 11.9%. U.S. import prices gain by 0.9% in December U.S. import prices jumped by 0.9% in December, per the Bureau of Labor Statistics. Furthermore, […]
Tag: tariffs
U.K.’s electric vehicle supply chain needs an electrifying jolt
Automotive producers the world over are facing challenges, but the U.K. automotive industry is arguably in the most challenging environment of all. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.K. automotive sector faces headwinds Over the last year, COVID-19 restrictions have closed showrooms. Furthermore, […]
This Morning in Metals: U.S. to adjust tariffs on E.U. products stemming from Boeing-Airbus dispute
This morning in metals news: the U.S. announced it will adjust its tariffs on E.U. products imposed last year; the U.S.’s renewable energy consumption surpassed that of coal for the first time since before 1885; and metals prices have retraced slightly this week. Find more insight on MetalMiner’s LinkedIn. U.S. adjusts tariffs on E.U. Last […]
U.S. government to refund NLMK subsidiary in settlement over import tariffs
The U.S. has agreed to refund “a significant portion, plus accrued interest” on an import tariff for slab imports to Russian steelmaking group Novolipetsk Steel’s U.S. subsidiary, the parent group said. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. subsidiary […]
This Morning in Metals: Could a Biden administration revisit tariffs on China?
This morning in metals news: Reuters reported Democratic presidential candidate Joe Biden could revisit the status of the U.S.’s tariffs on China imposed by President Donald Trump; miner Fortescue released its quarterly production report; and tin prices have retraced over the last week. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying […]
Stainless MMI: U.S. stainless imports surge as surcharges move up again
The Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, including stainless steel? U.S. stainless imports rise 76% The U.S. Department of Commerce reported the U.S. imported a total of 91,600 metric tons of […]
Amid rising metals export profile, could India be the next China?
No, we don’t mean that much-vaunted but still distant dream of India becoming a second China economically — the disparity expands rather than contracts with time — but rather could India become a pariah state after China in terms of feeling the pain of anti-dumping duties, quotas, and tariffs (particularly with respect to Indian metal […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
This Morning in Metals: Liberty Steel to acquire French steel assets
This morning in metals news: Liberty Steel Group announced it plans to acquire several French steel assets; the nationwide aluminum can shortage is impacting brewers; and the United States Trade Representative (USTR) last week announced changes to its $7.5 billion tariff package on European goods. Stay up to date on MetalMiner with weekly, monthly, or […]
This Morning in Metals: U.S. steel capacity utilization reaches 60.4%
This morning in metals news: The U.S. steel sector posted another incremental increase in capacity utilization. Meanwhile, the Aluminum Association applauded a Department of Commerce decision regarding subsidies of imported aluminum sheet. Lastly, Alcoa criticized the Trump administration’s decision to reimpose the Section 232 aluminum tariff on imports from Canada. Steel sector capacity utilization rises […]
