US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
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...
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European Union monitoring aluminium imports following US tariffs
The European Union official journal reported on Thursday that EU has started monitoring imports of aluminium to determine whether the imported aluminium and steel tariffs imposed by the US have triggered a surge in metal shipments into the Europe or not. The European Union collects data on the...
AEC joins industry voices in opposing quotas on primary aluminum imports
The Aluminum Extruders Council (AEC) stands in support of the Aluminum Association’s position that the Trump Administration must not impose quotas on imported primary aluminum products. Considering the disruption of this vital supply chain because of the Russian sanctions, any additional restraint...
Aluminium Association seeks quota-free aluminium tariff exemption under section 232
Aluminium Association, the leading voice for aluminium industry representing the US and other foreign-based companies and their suppliers throughout the value chain, right from primary production to value-added products and recycling, has written a letter to US President Donald Trump on April 24,...
Alba seeks exemption from Trump's tariff on aluminium
Alba’s Chief Executive Officer Tim Murray said on Tuesday that the company is seeking an exemption from U.S tariff on aluminium. “We are in the process of doing that application,” Murray told Reuters on the sidelines of a conference in London. If an exemption is not granted, “Ultimately the tariffs...
EU to join US-China consultation over aluminium and steel tariffs at WTO
According to the report by WTO on Monday April 23, 2018, The European Union has formally made a request to join discussions over US imported aluminium and steel tariffs, initiated by China at the World Trade Organisation (WTO). China had initiated the dispute earlier this month amid tensions...
Hydro to declare force majeure on Rusal's certain contracts
Hydro has notified Rusal it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations due to the US sanctions list issued on April 6, at least from June 5. Hydro estimates the potential impact on its production and customers...
US refuses to discuss aluminium and steel tariffs with India under “Safeguards Agreement”
With the US refusing to roll back its imported aluminium and steel tariffs from India, the latter dragged the matter to the World Trade Organisation (WTO) on April 17, 2018, requesting to consult with the United States over the tariffs and compensation for losses. Like China and European Union,...
Manufacturers in the United States look for US aluminium and steel tariffs exemption
President Donald Trump’s tariffs on imported aluminium and steel are causing disruptions even to the manufacturers in the United States who buy those metals and thus, asking for relief to the US government. The Trump government imposed these tariffs last month with an aim to protect its domestic...
Oldendorff to shut bauxite transshipment operations at Guyana
The United States unleashed sanctions against Russian aluminium giant Rusal on Friday April 6, 2018. Just in two weeks’ time, the sanctions have left around innumerable consequences, starting with Glencore and Rio Tinto’s decision to declare force majeure on Russian contracts followed by...
Crown Holding reports net sales of 2,197m in Q1 2018, plans to build third beverage can line in Q4
Crown Holdings, Inc. announced its financial results for the first quarter ended March 31, 2018. The company reported net sales of $2,197 million in Q1 2018, from $1,901 million in Q1 2017, reflecting increased beverage can volumes, the pass through of higher material costs to customers, and $121...
Short Supply of Metal is Impacting U.S. Aluminum Extruders
In recent weeks the members of the Aluminum Extruders Council (AEC) have seen unprecedented disruption to the primary aluminum supply chain. Last month, the Trump Administration announced 10% tariffs on all primary aluminum products imported into the United States as a result of the Department of...
Russia joins EU and China to communicate with the WTO over US aluminium and steel tariffs
After China and European Union who have already corresponded with the World Trade Organisation (WTO) over safeguards from the US aluminium and steel tariffs, now Russia joins the squad too. On April 20, 2018, Russia has approached the WTO arguing that 25 per cent tariff on steel and 10 per cent...
Aluminium sheet imports from China are subsidized, says US Commerce Department
The U.S. Department of Commerce said it has made a preliminary determination that imports of common alloy aluminium sheet from China are being subsidized. The Department will instruct U.S. Customs and Border Protection to require U.S. importers of common alloy aluminium sheet from China to deposit...
European Union seeks safeguards from WTO over US aluminium and steel tariffs
The European Union’s temporary relief from the US imported aluminium and steel tariffs is approaching an end since the impunity is valid only until May 1, 2018 and is subject to further discussion. The White House said, “By May 1, 2018, the president will decide whether to continue to exempt these...
Glencore to terminate contract with Rusal for aluminium supply: Sources
Anglo-Swiss miner and commodity trader, Glencore Plc has decided to terminate 50,000 tonnes of contract specifying metal of Russian origin, Rusal in particular, as reported by anonymous sources. In the recent time, amidst a series of news clouding the internet relating to the US slapped punitive...
Russia's revenue from aluminium export increased about 113% YoY in 2017; to get a blow from U.S. sanctions in 2018
The sanctions imposed on Rusal and its main owner, metals magnate Oleg Deripaska is creating huge concern in the world aluminium market. According to data by LME on Monday April 9, Eastern Europe accounted for 36% of LME aluminium inventories, the majority of which is supplied by Russia. The...
LME aluminium climbed 3.7% to a two months high driven by US sanctions on Rusal; SHFE follows the trend
LME aluminium climbed 3.7% to a record high in two months, driven by US sanctions and trade restrictions on Rusal. LME aluminium tested a high of $2,242 per tonne overnight as the US dollar weakened and as the US-Russia trade conflict took over the trade war issue. Reuters reported yesterday London...
India-US to exchange dialogue over imported aluminium and steel tariffs, today at New Delhi
India and US are going to exchange dialogue over Indian aluminium and steel imported tariffs at India-US Trade Policy Forum Meeting today April 10, 2018 at Delhi. As reported, India is looking forward to an amicable settlement to the issue and not willing to indulge in a trade war with the US. “The...
