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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EU’s retaliatory tariffs on US imports to come to effect from Friday
The European Commission announced on Wednesday, June 20, that the EU’s retaliatory tariffs on list of products in response to the US tariffs on aluminium and steel will come into effect on Friday 22 June. Donald Trump hit the European Union with tariffs of 10 percent on aluminium and 25 percent on...
US trade dispute may put Jamaica’s alumina exports into distress
Jamaican Minister of Foreign Affairs and Foreign Trade Kamina Johnson Smith believes that Jamaica’s alumina exports are likely to be affected by the ongoing trade dispute between the United States and other countries. On Tuesday, June 19, she briefed to a press at the foreign ministry in New...
Russia to impose duties on American goods after U.S. sets metals tariffs
Russia said on Tuesday it would impose import duties on U.S. road-building machinery, a measure likely to help Russian oligarch Oleg Deripaska, who was hit by U.S. sanctions and controls Russia’s biggest maker of road-building equipment. In the latest move in the war of sanctions between Russia and...
US import of alumina up 50%, export down 17% in Q1 2018
The U.S. imported 463,000 tonnes of alumina in the first quarter of 2018, 31 per cent more than the total of 355,000 tonnes in the fourth quarter of 2017, and 50 per cent more than the total of 308,000 tonnes in the first quarter of 2017, according to the latest USGS release on Bauxite and Alumina...
China to levy 40 per cent tariff on US vehicles from July 6
According to the State Council, China is going to raise the import duty to 40 per cent on certain cars imported from the United States, with effect from July 6, 2018. The commission of tariffs and customs made this announcement early this week as part of an additional 25 per cent tariff recently...
Philippines manufacturers seek exemptions from higher aluminium and steel tariffs
Overseas firms in Philippines, affected by the US-China trade war, are now seeking reprieve from higher US tariffs on imported aluminium and steel, according to Trade and Industry Secretary Ramon M. Lopez. These firms include Sunpower Inc., which produces solar panels for exports and other...
US commerce Dept finds China aluminium sheet sold at unfairly low prices
The U.S. Department of Commerce has determined that imports of common alloy aluminium sheet from China are being sold at less than fair value in the US market. The Department calculated preliminary antidumping margins of 167.16 percent of the value of the imported aluminium sheet from China, the...
Analysts believe effective recycling of aluminium can tackle influx of import to the U.S.
Economists in the US are deliberating on how Trump’s tariffs on imported steel and aluminium are expected to increase prices of aluminium and aluminium products including the finished products by end users. They see the possibility of a trade war between the US and its closest allies with the...
US aluminium and steel tariffs hike boosts Elk Grove supply chain prices
Business leaders in the Elk Grove Village Business Park are keeping a watchful eye on Washington’s newly imposed tariffs on imported aluminium and steel as they have started impacting the metal processing plants in the business park and machining business that use aluminium and steel to create...
India to impose duties on 30 US products in retaliation against aluminium and steel tariffs
According to an official, India will raise duties on 30 US products, including motorcycles with engine capacity over 800cc, fresh apples and almonds, in retaliation against Washington’s move to impose higher duties on Indian aluminium and steel exports. “This is the first time that India has levied...
EU countries unanimously back retaliatory duties on US exports: Source says
Ever since the United States declared additional 25 per cent tariff on steel and 10 per cent on aluminium imported from its three important trading allies like the European Union, Canada and Mexico, the latter started planning retaliatory measures against the US. Yesterday, on June 14, 2018, all...
US import of bauxite drops 28% QoQ in Q1 2018; Jamaica continues as major bauxite supplier
According to the latest USGS release on Bauxite and Alumina in the First Quarter 2018 , imports of crude and dried bauxite by the U.S. in Q1 2018 were 651,000 tonnes, 28% less than the total of 910,000 tonnes in the fourth quarter of 2017. However, on a YoY basis, import of bauxite drops 18% than...
Breweries in the US adjusting to aluminium & steel tariffs; profit drops looming large
Canning beer is getting more expensive for breweries, thanks to the tariffs on imported steel and aluminium that went into effect in June. The price of steel went up by 25% and aluminium by 10%. Wilmington Brewing Company cans beers every alternate week with about 6,000 units of aluminium cans in...
Quebec offers C$100 million in loans, guarantees to firms hit by U.S. metals tariffs
The Canadian province of Quebec will offer C$100 million ($77.1 million) in loans and guarantees on loans to steel and aluminum companies hit by recent U.S. tariffs, the province’s economy minister said on Monday. Companies that transform the metals will benefit from the program after the United...
Norway’s aluminium exports up 31% YoY in 2017
Norway on Tuesday filed a complaint at the World Trade Organization (WTO) over the US President Donald Trump's aluminium and steel tariffs, Reuters reported. Minister of Foreign Affairs Ine Marie Eriksen Søreide said that 10 per cent tariff on aluminium and 25 per cent tariff on steel violate WTO...
Aluminium product exports by the U.S. and Canada up 15.3% in the the first four months of 2018
According to Aluminum Association’s latest highlights, imports of ingot, scrap and mill products into the U.S. and Canada (excluding crossborder trade) totaled 397,000 tonnes in April 2018, slightly up from the amount in April 2017. Including scrap, which accounted for roughly 51.7 percent of...
Aluminium recovery from scrap in the US drops YoY in the first quarter of 2018
According to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, the U.S. aluminium industry purchased an estimated 352,000 tonnes of aluminium scrap during March 2018, down about 6% from the March 2017 total. Total aluminium recovered from scrap in March...
Canada remains top aluminium product exporter to the US in Q1 2018; China leads as semi-finished product supplier
According to the latest report from US Geological survey, total imports aluminium by the US for consumption in the first quarter of 2018 remained unchanged from those in the same period in 2017. Imports of crude metal and alloys, and scrap by the US decreased by 5% and 11%, respectively, but...
