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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US consumption of aluminium scrap down 4.8 per cent YoY in H1 2018; scrap exports up 12.2 per cent for the same period
According to the latest aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior; the U.S. aluminium industry consumed an estimated 323,865 tonnes of aluminium scrap during June 2018, down about 4 per cent from the June 2017 total of 337,019 tonnes. The volume...
Russia may buy aluminum for state stocks to support Rusal: minister
Russia has a plan to support world No.2 aluminum producer Rusal against U.S. sanctions put in place in April, including by purchasing the metal for state stocks, Industry Minister Denis Manturov told reporters on Tuesday. The U.S. Treasury Department placed Russian businessman Oleg Deripaska and...
Representative Steve Womack visits JW Aluminum's Russellville facility
On Monday, August 20th, Representative Steve Womack toured JW Aluminum’s Russellville facility and discussed issues including trade, tax cuts, the local work force, national debt and social security. During the site visit, Representative Womack participated in a presentation by JW Aluminum’s Chief...
Century credits US tariff on imported aluminium for the restart of Hawesville smelter
The US President Donald Trump’s decision to impose 10 per cent higher tariff on imported aluminium seems to now creating a positive impact on the domestic market as one of the renowned American aluminium producers Century Aluminium marks the ceremonial restart today, on August 22, at its Hawesville...
Global alumina price surge supports Brazil’s alumina export to the US in H1 2018
After China and Australia, Brazil ranks as the third largest alumina producer in the world and plays a dominating role as alumina supplier. Hydro’s Alunorte that located at Para, Brazil, is known to be the world’s largest alumina refinery that exports almost 86 per cent of its total production to...
Aluminum Association urges Trump Administration to address China aluminum overcapacity during trade talk
In a letter to Treasury Department Under Secretary David Malpass, the Aluminum Association called on the Trump administration to address China’s structural aluminum overcapacity when meeting with Chinese Vice Minister of Commerce Wang Shouwen this week. Malpass will lead the U.S. delegation in...
Sebree aluminum potline in Kentucky mostly restarted: union
One of two potlines at Century Aluminum's 218,000 mt/year Sebree smelter in western Kentucky idled by a power outage May 29 is mostly restarted and should be fully operational soon, United Steelworkers officials said Monday. According to one USW official, the potline is about 75% restarted and...
Aluminium semi-finished exports by China to the US drop through May 2018; Canada volume remains flat
Canada and China remain two major exporter of semi-finished aluminium to the US. With the on-going trade disruptions between the US and its exporting countries, and the imposition of 10% tax on imported aluminium, the dynamics are seeing a multi-dimensional change. The countries have already...
Turkey urges for dispute consultation with the US at WTO
According to the latest report from a trade group on Monday, August 20, Turkey has urged the World Trade organisation (WTO) for dispute consultations with the United States regarding the doubling of duties on certain imported aluminium and steel products. The WTO said, “Turkey claims that the...
Rusal says its board approves domicile change from Britain to Russia
Russia’s sanctions-hit aluminium giant Rusal (0486.HK) declared on Friday, August 17, that its board had approved a change of domicile from Britain’s Jersey to Russia for taking some advantage of new special tax regulations. The announcement arrived a day after Russian energy-related company En+...
Granges halts its new joint venture plan with Mitsubishi Aluminium
The Sweden-based aluminium engineering and manufacturing company Granges has reportedly put on ice on its plan to form a new aluminium manufacturing joint venture in the United States with Japan’s Mitsubishi Aluminium Co. According to the report, the project is less attractive in current...
Turkey to file complaint against the US tariff policy at WTO – Minister says
On Thursday, August 16, Turkish Trade Minister declared that Turkey would challenge the recent Washington’s decision of imposing higher metal tariffs on imports at the World Trade Organisation (WTO). Turkey would not be the first country to file a WTO complaint against the US trade practices....
Turkey issues a chilling warning to double imported tariffs on certain US goods
Turkey seems not to spare the Trump administration by any means for imposing higher tariffs on its aluminium and steel exports and declaring unfair sanctions against Ankara. On Wednesday, August 14, the country thus, reportedly issued a chilling warning to levy higher tariffs on certain American...
Skyrocketing US dollar index puts pressure on LME aluminium; SHFE follows the trend
The US dollar index hit the highest level since June last year at 96.794 on Tuesday. LME aluminium continued downward trend and closed the day’s trading at US$2038 on Tuesday. It recovered most of its early losses and closed at US$2,069.5 per tonne after touching the low of US$2,045 per tonne. It...
Braidy Industries claims US firms covering up management failures with aluminium tariffs
Braidy Industries founder Craig Bouchard is of the view that smaller US firms, who are laying off stuff and curtailing production are trying to cover up their own management and operating faults with aluminium tariffs. Bouchard is one of the strong supporters of Trump administration’s 10 per cent...
US reaps more than $1.4 billion from steel and aluminum tariffs, report finds
In less than five months, the Trump administration has collected more than $1.4 billion in new revenue from steel and aluminum tariffs, according to a recent report prepared for members of Congress. The Congressional Research Service estimated that, between March 23 and July 16, the U.S. reaped...
German economy minister sharply criticises Trump’s tariffs and sanctions policies
German economy minister Peter Altmaier deeply condemned Trump’s decision to levy metal import tariffs, saying such measures destroyed jobs and the overall economic growth. He also criticised the Trump administration’s decision to declare sanctions against Iran and said Europe by no means should bow...
Trump confirms double tariffs on aluminium and steel from Turkey
On Friday, August 11, President Trump ordered doubling of U.S. tariffs on imported aluminium and steel from Turkey. The decision indicated the growing diplomatic spat with a NATO ally. In his Tweet, Trump justified increasing tariffs to 50 per cent on steel and 20 per cent on aluminium imported...
