If you have been waiting for a price drop on an imported Korean LG or Samsung washing machine, you may be waiting a bit longer. The U.S. International Trade Commission is considering extending safeguard tariffs and quotas on imports of large residential washers, including those two popular brands. Whirlpool is asking that its foreign competitors continue […]
Philip Bell, president of the Steel Manufacturers Association, and Washington trade attorney Lewis Leibowitz will square off next week at the SMU Steel Summit 2020 to offer their viewpoints on steel trade. The Steel Manufacturers Association recently added its name to a letter penned to the House rules committee in support of an amendment that […]
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space for eight years. David earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: Section 232 is in the news again this week. First, President Trump issued a new proclamation reimposing 10 percent aluminum tariffs on certain aluminum imports from Canada. Second, there were reports in the media that the president will […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: Section 232 is in the news again this week. First, President Trump issued a new proclamation reimposing 10 percent aluminum tariffs on certain aluminum imports from Canada. Second, there were reports in the media that the president will […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: During the last few weeks, I have focused on issues surrounding the Section 232 tariffs on steel and aluminum. In this column, I come back to antidumping and countervailing duty laws, which affect international trade in steel products […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: During the last few weeks, I have focused on issues surrounding the Section 232 tariffs on steel and aluminum. In this column, I come back to antidumping and countervailing duty laws, which affect international trade in steel products […]
A challenge by JSW Steel USA to the U.S. Court of International Trade regarding the denial by Commerce of its slab exclusion requests has prompted CIT to order Commerce to provide further explanation of the steps taken in the denial process. “Remand of all twelve exclusion requests is warranted because Commerce’s denials are devoid of […]
By CRU Senior Consultant Ibrahim Yucel, from CRU’s Steel Monitor Efforts to reshore critical supply chains and secure access to strategic materials have become a top political issue for many countries, and trade barriers are a common tool used by governments to help protect local producers of strategic materials. However, trade policy enforcements sometimes lead […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: On an earnings call last week, Aditya Mittal, president and CFO of ArcelorMittal, the single largest steel producer in the world, stated that “Section 232 has been successful because it has spurred a lot of investment in the […]
Two out of three steel buyers polled by Steel Market Update believe the coronavirus has permanently changed the way they do business. Sixty-five percent of the respondents to SMU’s questionnaire last week expect less travel and more working from home to become common practice, among other changes. Following are some of their comments: “There will […]
SMU contributor Tim Stevenson is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Tim’s previous role, he was a Director at Cargill Risk Management, and […]
The U.S. share of global scrap trade has been increasing since Q1 2016 and in Q1 2020 was 23.3 percent. This is a quarterly analysis that SMU performs using data from the Iron and Steel Statistics Bureau (ISSB) in the UK. Some nations are slow to report, which results in the analysis being two months […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: Readers have asked frequently about the staying power of Section 232 tariffs and quotas on steel and aluminum. There are many ways to look at the question—from the effectiveness of the remedy to change behavior of China and […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: Readers have asked frequently about the staying power of Section 232 tariffs and quotas on steel and aluminum. There are many ways to look at the question—from the effectiveness of the remedy to change behavior of China and […]
The coronavirus pandemic has crippled GDP growth and made the world economy smaller. It follows, then, that the same is in store for steel. “There is going to be a permanent reduction in the size of the steel market,” predicted veteran industry analyst John Lichtenstein, managing partner of the Swiss-based Research and Consulting Group AG […]
By CRU Analysts Irina Melkonyan and Iris Speelmanns, from CRU’s Steel Sheet Products Market Outlook Russia is among the biggest steel exporters in the world, delivering to a wide range of destinations. However, steel demand in all regions diminished as the world was hit by Covid-19 and most steel producers globally have struggled. Unlike steelmakers […]
Kevin Dempsey has taken the reins as the chief executive at the American Iron and Steel Institute at a challenging and unprecedented time. Indeed, helping AISI’s steel mill members navigate an economy hard hit by the COVID-19 pandemic is first and foremost on his agenda, he said in an interview with Steel Market Update on […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: The Trump administration’s trade policies make for interesting reading; but the results of those policies are, if anything, more interesting. Tariffs are the hallmark of the Trump presidency, especially the Section 301 tariffs on China and the Section […]
The Department of Commerce has initiated an investigation to determine if seamless carbon and alloy steel standard, line and pressure pipe from the Czech Republic, Korea, Russia and Ukraine is being sold at less than fair value in the U.S. market and whether such pipe is being subsidized by the governments of Korea and Russia. […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: You may have seen news stories in the last two weeks about U.S. threats to impose tariffs on aluminum imports from Canada and Mexico because of “surging” levels of imports from those countries. Don’t believe everything you read: […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: The World Trade Organization has had a rough couple of years. The United States arranged the destruction of the WTO Appellate Body because the U.S. alleges that the final tribunal of the WTO dispute settlement system has overstepped […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: The World Trade Organization has had a rough couple of years. The United States arranged the destruction of the WTO Appellate Body because the U.S. alleges that the final tribunal of the WTO dispute settlement system has overstepped […]
The U.S. Supreme Court has declined to hear the American Institute for International Steel’s Section 232 case, bringing an end to the trade group’s constitutional challenge of the Trump administration’s national security tariffs on steel and aluminum. AIIS regrets the court’s decision, said Richard Chriss, president of the institute, which represents foreign producers, metals importers […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: On Monday, the Supreme Court announced its decision not to take the case of American Institute for International Steel (AIIS) v. United States, a case challenging the constitutionality of Section 232 of the Trade Expansion Act of 1962, […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: On Monday, the Supreme Court announced its decision not to take the case of American Institute for International Steel (AIIS) v. United States, a case challenging the constitutionality of Section 232 of the Trade Expansion Act of 1962, […]
By CRU Prices Analyst Estelle Tran, from CRU’s Global Steel Trade Service U.S. automaker restarts in May drove an increase in steel demand and helped to prop up sheet prices. There is concern, however, over whether there is enough new demand to support mills restarting or if manufacturers are mainly managing pent-up demand. We’ve heard […]
Happy Father’s Day to all the dads out there. I hope you got to enjoy some quality time with your kids earlier today. There has been a call on the Commerce Department to review exports of steel and aluminum from Canada and Mexico. There is a question if exports of these products have “surged” since […]
The U.S. auto industry is facing a slew of challenges as it emerges from the COVID-19 crisis and plunges into preparations to meet USMCA compliance on July 1. The Center for Automotive Research presented a discussion with Gov. Matt Blunt, president of the American Automotive Policy Council and former governor of Missouri, on the state […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: Section 232 keeps cropping up in the news; this week, it’s no different. In 2017, the Commerce Department initiated several investigations (on steel, aluminum, autos and auto parts, and uranium). Trade restrictions ensued on steel and aluminum, but […]