The demise of the VAT rebate system in China might be the most tangible sign that Beijing realizes that its unbridled access to global markets is over. There was no point in continuing a system of financial incentives to the export sector when the tariff headwinds were getting stronger.
Prices for six of the seven steelmaking raw materials SMU tracks are increased from January to February, according to our latest analysis.
It won't be so easy to restart idled aluminum production in the US, AMU says.
US primary output is at its lowest level this century
New duties could give companies like Alcoa and Century Aluminum revenue gains that could boost production
The problem is that the situation in Washington is so fluid that no one really knows what to expect
The new version of Section 232 goes into effect on 12:01 am ET on March 12, according to the executive order. The latest iteration of Section 232 removed quotas, exemptions, and other carve outs that had accumulated over years.
President Donald Trump said he would announce 25% tariffs on all steel and aluminum imported to the US, according to Bloomberg. Trump said he would make an announcement about the matter on Monday. It was not clear when the tariffs might take effect.
A look at US curbside operators concerns about new deposit legislation for used beverage cans.
Hitting Canada with a 25% tariff could allow imported goods from other origins at proposed 10%-20% tariffs.
Prices for the seven steelmaking raw materials SMU tracks moved in differing directions from December to January, according to our latest analysis.
Executive orders, LME volatility and more
The Stargate Project is making big claims. Are they realistic?
EU restrictions on Russia, Canadian tariffs, scrap leakage and more
Many people have shaken off the post-holiday blues. But for primary aluminum operators, “power blues” are enduring.
US mill secures $22 M funding for Nexcast project US-based rolling mill, Golden Aluminum, has secured $22.3 million in government funding for its next generation mini mill project. The company was awarded the funding from the US Department of Energy’s Office of Clean Energy Demonstrations initiative at the end of November. Golden Aluminum plans to […]
We are quickly approaching Inauguration Day. The market still has no definitive clue as to how the Trump administration will execute on its threat to apply universal tariffs to all imports. Compounding this are the threats to apply 25% duties against our USMCA partners - Canada and Mexico.
The company said the biggest headwind it's facing is the downturn in manufacturing.
AZZ Inc. is looking to make some deals after focusing on paying down debt.
The deal will expand Norfolk’s stainless steel sheet and coil product lines, the company said.
Recovery continues but geopolitical risks remain for 2025
The size of the capital structure and the composition of the owners are telling statements about the importance that Beijing has assigned to this venture.
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
In 2024, volatility with a capital “V” has been the rule. That will remain high heading into 2025.
A roundup of CRU's weekly aluminum news.
Highlights from the aluminum industry this week
Prices were stable to down in November for all seven steelmaking raw materials tracked by SMU, according to our latest analysis.
Aluminum highlights for the week
A look at this week's aluminum news
The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.