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Friday, October 18, 2019

Tag: steel

The Trump tariff twist that cost US Steel US$5.5 bil

President Donald Trump’s tariffs on foreign steel speed up the decline of some of the US mills he vowed to help.

EU sets out plans for ‘limited’ US trade deal

The effort is also part of a strategy to stop Trump from slapping damaging duties on car imports from Europe, a danger that has especially unnerved Berlin.

US-Mexico trade talks may pivot from metals tariffs to quotas

A quota system would keep US metal prices high by limiting supply and lead to potential shortages - any push for quotas faces strong opposition in all three countries.

Trump backs boycott of Harley Davidson in steel tariff dispute

Trump has criticized Harley Davidson, calling for higher, targeted taxes and threatening to lure foreign producers to the United States to increase competition.

South Korea firms caught importing coal, iron from North

Korea Customs Service said more than 35,000 tonnes of North Korean coal and iron were imported into the South via Russia between April and October last year.

Ford calls rising steel, aluminium prices ‘significant headwind’

Ford warned that rising costs for raw materials like steel and aluminium, coupled with unfavourable exchange rates, would add $1.6 billion to its costs this year.

U.S. farmers suffering from trade war to get $12 billion in...

WASHINGTON/KANSAS CITY: The Trump administration on Tuesday said it will use a Great Depression-era programme to pay up to US$12 billion to help US...

China probes stainless steel imports from the EU, Japan, South Korea,...

The move follows a complaint by Shanxi Taigang Stainless Steel, with backing from four other mills including Baosteel's stainless steel division.

EU to curb steel imports in response to Trump tariffs

The European Commission has proposed a combination of a quota and a tariff to counter EU concerns that steel products no longer imported into the United States would instead flood European markets.

EU to curb steel imports after Trump tariffs

The measures are the third part of the EU's response to tariffs imposed by US President Donald Trump.

Rebates protect Canada’s auto industry from retaliatory tariffs

Canadian government customs provisions are expected to soften the blow on the country’s powerful automotive industry from retaliatory tariffs on US steel.

China June aluminium, steel exports rise as trade row intensifies

China’s aluminium exports exceeded half a million tonnes for only the second time ever, while steel exports hit an 11-month high.

Invesco turns to Trump playbook for signs of a metal rebound

Economists at ING Bank are hopeful Trump’s rhetoric will calm down after the mid-term elections, allowing Washington to reach a deal with Beijing.

Oil, beans and steel: How trade wars will redraw global commerce

The new trade barriers, combined with tougher US sanctions on Iran and Venezuela, are threatening to upend trade routes carrying trillions of dollars of commodities annually.

Metal markets are preparing for a new world disorder

Steel prices and aluminium premiums are shooting up in the US thanks to tariffs, threatening to wreak havoc on manufacturers.

Thyssenkrupp hails ‘fair’ Tata Steel JV as focus turns to strategy

The two steel firms finally signed a deal on Saturday to create Europe's No.2 steelmaker with 17 billion euros (US$20 billion) in sales, marking the sector's biggest tie-up in more than a decade.

US manufacturers, steel makers battle over tariff relief

The tariff exemptions process is a new front in a battle between US steel and aluminium consumers, fighting to keep prices for those metals down.

Steel giant plows $1 billion into US and more will follow

India’s top steelmaker JSW Steel Ltd. says it’s scouting for more deals in the US and Europe to expand its global footprint, betting that vibrant growth will underpin demand in overseas markets and complement a boom at home that’s seen the mill ramp up local output.

EU slaps tariffs on US as trade war erupts

Customs agents across Europe's colossal market of 500 million people will now impose the duty, hiking prices on US-made products in supermarkets and across factory floors.

US oil pipeline companies, producers seek relief from steel tariffs

Plains All American Pipeline, Hess Corp, and Kinder Morgan Inc are seeking exemptions from steel-import tariffs.

Russia Has a New Richest Man After Steel Tycoon Beats Rival

The metals magnate slipped past rival Alexey Mordashov Monday as shares of Lisin’s Novolipetsk Steel PJSC climbed 3.5%, pushing his fortune to $20.19 billion, according to the Bloomberg Billionaires Index.

No more Mr Nice Guy: Canada’s Trudeau gets tough

The amateur pugilist traded in his "sunny ways" for fighting words. He also launched the largest trade action that Canada has taken in eight decades.

Canada hits US with billions in retaliatory tariffs in steel row

The Canadian tariffs, which Foreign Minister Chrystia Freeland said are proportional to the US duties, will be applied to US steel and aluminum as well as consumer products from July 1.

US allies hit back at Washington’s steel, aluminium tariffs

The measures, touted by President Donald Trump in March, drew condemnation from Republican lawmakers and the country's main business lobbying group and sent a chill through financial markets.