Collapsed Canada tariff talks put Indiana's aluminium jobs back in the spotlight
Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce...
US aluminium manufacturers launch alliance to address tariff concerns
US aluminium fabricators, extruders and finished-product manufacturers have launched the American Aluminum Alliance. This is a new trade association representing companies at the downstream end of the country’s aluminium value chain. The alliance brings together manufacturers that use aluminium to...
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Tariffs led to a drop in import & export of semi-finished aluminium between the US and Canada in 2018; total import by the US on the rise
While Canada and Mexico have signed the new USMCA trade deal with the US; there is still no confirmation on whether the US will remove the aluminium tariffs on its two big trading partners without imposing any import quota. The 10% tariff on imported aluminium that was imposed in March 2018 by...
JW Aluminum and Constellium lobby for quota free tariff removal on aluminium from Canada and Mexico
Last week, a few leading downstream aluminium producers urged the Trump administration to remove the tariffs as they could not stop Chinese overcapacity. Top industry executives including JW Aluminum CEO Lee McCarter said that despite the tariffs, it’s still cheaper for U.S. manufacturers to buy...
Russia’s exports of aluminium to US drop 48% YoY in 2018
Export of aluminium by Russia to the US was down 48.03 per cent or 341000 tonnes year-on-year to 369,000 tonnes in 2018, according to the latest Mineral Industry Survey report from US Geological Survey. {newsStudioGallery} In December 2018, aluminium exports (crude metal and alloys and aluminium...
US import of alumina drops 38% QoQ in Q4 2018; total import for 2018 up 28% from 2017
As shown by the latest US Geological Survey latest release on Bauxite and Alumina in the Fourth Quarter 2018, imports of alumina by the U.S. in the fourth quarter of 2018 dropped to 273,000 tonnes from 441,000 tonnes in third quarter of 2018. The volume was 38% less than those in the third quarter...
India planning to host meeting of trade ministers from WTO member nations, says Prabhu
Commerce and Industry Minister Suresh Prabhu said India is planning to host an informal gathering of trade ministers from about 20 member nations of the World Trade Organization next month. The agenda is to discuss the interests of least developed countries amid growing challenges for global trade....
India makes an offer to the US to resolve trade issues, says Suresh Prabhu
Followed by discussion and consultation with departments like IT and agriculture, India has made an offer to the US to resolve trade issues between the two countries. The news came after Union Minister Suresh Prabhu told PTI on April 3 that "We have consulted all the ministries and we have given...
US bauxite imports registered a rise of 1.5% in 2018; Jamaica remained top bauxite exporter
According to the latest US Geological Survey report, the US imported about 4.5 million tonnes of bauxite in 2018, up about 1.5% from 2017. When we look at the figures of last five years, we can observe the sharply declining trend. From 11.8 million tonnes in 2014, the volume dropped to 4.5 million...
US aluminium semi-finished products export slightly drops in 2018 while import up 3% YoY
In 2018, the US exports of aluminium semi-finished products (plates, sheets, bars, etc.) stood at 1 million tonnes. This marks a drop of 10,000 tonnes or 0.97 per cent year-on-year, according to the latest report from US Geological Survey. {newsStudioGallery} Exports to Canada stood at 382,000...
China defers extra tariffs on US vehicles & auto parts as a goodwill gesture to the ongoing trade negotiations
While the trade negotiations are going on between the US and China, both the countries are showing goodwill gestures by refraining from levying extra tariffs on each other’s products. China's State Council announced on Sunday that China will not impose additional tariffs on U.S. vehicles and auto...
Rusal resumes aluminum supplies to the US; hopes to win back lost customers by September 2019
After the lifting of US sanctions, Rusal has resumed supplies to the U.S. market and the company now aims to gain back all the lost customer during the sanction period in which, supply contracts for 2020 were sealed. Rusal could not sign new contracts for 2019 in September as the company was still...
India’s customs duties on 29 US products in retaliation to higher aluminium and steel tariffs extended to May 2
The Finance Minister of India has reportedly notified that the retaliatory customs duties on 29 US products have been extended, yet again, till May 2, 2019. This is perhaps the seventh time that the Indian government has postponed the duties. Earlier, the deadline was on April 1. Since June 2018,...
U.S. auto industry unites against the recommended new tariffs on imported cars and parts
The U.S. auto industry is forming a strong lobby to push President Donald Trump against imposing new tariffs on imported cars and parts. They argue that such tariffs would handicap an industry which is already facing slow growth. The Groups have brought together automakers, dealers, parts suppliers...
Russia’s aluminium powder and flakes export volume to remain flat in 2019, but value to decline
During 2011-2018, aluminium powder market has reportedly grown at a CAGR of around 2.2 per cent, reaching a volume of 617,238 tonnes. The growth in primarily driven by the use and demand of aluminium in the form powder and flakes across various industrial sectors such as paints and sealants,...
Braidy Industries extends the deadline for its US$500 million stock sale to June 15
Braidy Industries has extended its deadline for its stock sale. The company launched a roughly US$500 million worth of stock offerings in September 2018 in order to raise money to build a $1.7 billion aluminium rolling mill in Eastern Kentucky. The sale which was supposed to end in November has...
Hrabour reports the U.S. beverage industry paid about US$250 million for aluminium can sheet since the tariff implementation
Beer Institute that represents the American brewing industry forecasted last year that aluminium and steel tariffs would cost the beer industry US$347 million and may cost about 20,000 jobs. Harbor Aluminum, an aluminium industry intelligence group was commissioned by a lobbying group to do a study...
Mexico reiterates its stand against proposal steel & aluminium quotas; demands removal of tariffs
Mexico’s Deputy Economy Minister Luz Maria de la Mora said to reporters on Monday that they are against the proposed steel and aluminium quotas and demanded complete removal of tariffs on those products under U.S. Section 232. He insisted that the tariffs cannot be replaced by any quota system....
US exports of aluminium scrap up 12% YoY in 2018; Chine & South Korea top the importer list
According to the latest report from US Geological Survey, the US exports of aluminium scrap, which is not included in the government’s consumption statistics, came in at 1.76 million tonnes in 2018. The figure was up 190,000 tonnes or 12.1 per cent from 2017 total of 1.57 million tonnes....
Tariffs and higher prices drive up US production by Japanese aluminium makers
The 10% tariffs on imported aluminium imposed by Trump administration in March 2018 has cut down on the import, especially from China and Russia. Total aluminium import by the US dropped 10% from 2017 to 6.2 million tonnes in 2018. Japanese aluminium product manufacturers are now focusing on...
