Canadian Steel Producers Association president and CEO stepping down July 31
Canadian Steel Producers Association President and CEO stepping down July 31.
Tag: trade
Leibowitz on trade: Why I think steel tariffs are failing
If an industry suffers from high labor and energy costs, inefficient facilities, or lower productivity, tariffs do not solve those problems. They only mask them, transferring costs from inefficient producers to consumers.
Stacked tariffs could push import costs higher as market tightens
Steel imports could become even more prohibitive, facing even higher tariffs, pending the outcome of the Trump administration’s Section 301 investigation.
Tata Steel UK tariff carve-out to continue
Through a tariff carve-out, Tata Steel UK is able to send steel products melted in the Netherlands to the US at the UK’s reduced 25% Section 232 rate.
Canadian steel firms to pay $19M over alleged duty-evasion scheme
Two Ontario-based steel importers and their president have agreed to pay $19 million to settle US allegations that they avoided customs duties on flat-rolled steel by falsely declaring its origin, the Department of Justice said.
SMU Survey: Steel buyers report mixed signals on import demand
Trading-company sentiment in the May 15 SMU flat-rolled steel buyers survey shows a market split between anecdotal optimism and numerical decline.
Price: Pomp, planes, and posturing—why China believes it can play a longer game on trade
Unsurprisingly, the Trump-Xi Beijing summit ended without a major announcement on trade. Behind the celebratory mood and photo-ops are years of economic harm from China’s predatory trade practices that cannot be overcome in a single meeting.
USMCA Review: How CUSMA has benefited the N. American steel sector
The Canada-United States-Mexico Agreement (CUSMA) is envied by many as one of the strongest trading partnerships in the world.
US steel exports inch higher in March from low base
US steel exports improved in March but remain historically low, having trended lower for over a year now.
Lutnick: USMCA could be replaced by separate deals with Mexico and Canada
US Commerce Secretary Howard Lutnick said the US should pursue separate, bilateral trade negotiations with Canada and Mexico instead of renewing the US-Mexico-Canada Agreement (USMCA).
Leibowitz on Trade: A boost for the rule of law?
Lewis Leibowitz: Recent rulings suggest courts are reinforcing legal limits on tariff authority.
Industry advocates mixed on potential S232 tariff reductions for Canada, Mexico
The process to reduce Section 232 steel and aluminum tariffs for producers in Mexico and Canada garnered mixed reactions from steel and metals’ supply chain advocacy groups.
AMU: Century CEO says Okla. smelter online sooner if permits expedited, brushes off power concerns
Century Aluminum CEO Jesse Gary said his company could start up its new smelter in Oklahoma ahead of schedule if the permitting process moved more quickly.
Steel imports recover modestly in March and April
Following the historical lows seen in recent months, steel import volumes marginally increased in March and April.
Survey says steel imports are enticing, but still not many takers
Steel traders continue to report strong interest from North American buyers, with their import orders ticking higher, according to our latest survey results. Many manufacturers and service centers, however, report that they have not yet taken the bait.
Gap between US HR prices, imports little changed
The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues even as stateside and import prices diverged a bit vs. the prior week.
Leibowitz: As USMCA talks heat up, Trump admin focuses on wrong issues
USMCA provides strong support for North American competitiveness. US manufacturing has lost considerable capabilities over the last few decades. “Cheating” by other countries is not the only reason. Nor is it even the most important reason
Price gap between US HRC, imports ticks tighter
The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues as both stateside and offshore prices have largely trended higher.
Canada sets OCTG antidumping tariffs, issues final determination
The Canadian International Trade Tribunal (CITT) determined oil country tubular goods (OCTG) sold by Tenaris S.A. and certain exporters from South Korea, Turkey, and the Philippines are subject to antidumping tariffs.
USW Canada presses Parliament for stronger steel protections
Dozens of Canadian United Steelworkers (USW) labor union members lobbied federal politicians on Thursday, April 23 in Ottawa.
Foreign steel interest rises as buyers confront tight market, higher substrate costs
North American steel buyers are signaling stronger interest in foreign material amid a tight market and rising global substrate costs, which are complicating purchasing decisions.
Steel exports remain muted through February
US steel exports held steady from January to February and remain near historical lows.
Steel imports inch up in February and March from historic lows
Steel imports remain near some of the lowest volumes recorded in over five years.
AMU: Military strikes on Gulf smelters shine light on critical aluminum production
Military strikes on major aluminum facilities in the United Arab Emirates and Bahrain have introduced a new layer of uncertainty into a market that was already operating with limited flexibility.
Great Lakes’ iron ore shipments plummet in March
Iron ore shipments on the Great Lakes in March were down 23.5% from a year earlier, according to the latest report by Lake Carriers’ Association.
Price gap between US HRC, imports tightens
The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week.
Price on Trade: Enough talk. It's time for action on excess steelmaking capacity
With global capacity projected to increase by 138 million mt by 2028, the gap between capacity and demand will continue to grow over the next three years. And that assumes the conflict in Iran does not stifle global demand.
Price gap between US CR, imports holds steady
CR imports from Germany, Italy, and Japan on a landed basis remain much more expensive than domestic product. But South Korean imports remain competitive, in theory, even with the 50% Section 232 tariff.
Price gap between US HRC, imports largely flat
The price gap between US hot-rolled coil (HR) and landed offshore product remained within a tight band this week. The dynamic continues as both stateside and offshore prices have trended higher.
UK steel industry anticipates quota reduction and 50% tariff on imports
The UK will reduce steel import quotas and raise outside caps to 50%.