AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
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...
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Russia should be granted an exemption from US aluminium tariffs, Rusal says
Russian aluminium producer Rusal said that the company believed Russia should be granted an exemption from the tariffs on imports of aluminium and steel imposed by the United States. Rusal supplies to the US markets with the low carbon aluminium. "Our subsidiary Rusal America in State of Delaware...
Federal Government measures to prevent transshipment and diversion of aluminium
The Canadian government announced today new measures to prevent transshipment and diversion of metal in Canada. "This announcement demonstrates Canada's leadership and commitment to the integrated North American aluminium supply chain, which benefits both Canada and the United States. It takes all...
Israeli Government asks for a relief from aluminium and steel tariffs
Yet another country asks for a relief from the US's high customs duties on imported aluminium and steel. The Israeli government is pressing the United States of America to exempt it from the tariffs as they are affecting the small businesses. As reported by “Globes”, Israel’s Ministry of Economy...
China’s demand for aluminium and steel tariff compensation from US steers WTO showdown
After considering a 15 per cent tariff on US products, China is now asking for compensation from the US for lost trade due to the aluminium and steel tariffs by Donald Trump. This may lead to a great dispute between the two nations at the World Trade Organisation. In two filings with the WTO on...
India likely to urge WTO for US aluminium and steel imports tariffs
Like many other countries, India too is perturbed about the US aluminium and steel imports tariffs and thus, decided to approach the WTO’s dispute settlement body to question the duty hike, especially after an exception made for the European Union, Australia, Canada and Mexico by the US on late...
US imports of alumina jump 17% YoY in 2017; exports drop 64% on the back of refinery closure
According to the latest USGS release on Bauxite and Alumina in the Fourth Quarter 2017 ; imports of alumina by the U.S. in the fourth quarter of 2017 stood at 355,000 tonnes. The volume was 3% less than the amount of 364,000 tonnes imported in the third quarter of 2017 and 34% more than that in the...
Novelis’ Ahuja Named to Manufacturers Association Board of Directors
The National Association of Manufacturers (NAM) announced that Devinder Ahuja, senior vice president and chief financial officer (CFO), Novelis Inc., has been named to the NAM Board of Directors. Ahuja will join the NAM Board to advance a manufacturing policy agenda that promotes growth and...
China pounds back on Trump for imposing tariffs on Chinese aluminium and steel imports
China, being the largest aluminium exporter to the US, has decided not to remain silent about Trump’s $3 billion tariffs imposition on Chinese aluminium and steel imports. The country has unveiled its plan today (23rd of March, 2018) to consider a 15 per cent tariff on US products including dried...
Trump Administration exempts EU and six other countries from steel and aluminium tariffs
According to a BBC update, the European Union (EU) and six other countries will be exempt from steel and aluminium tariffs announced by President Trump, for the time being. Trade Representative Robert Lighthizer announced Mr Trump’s decision to "pause" the import duties temporarily for these...
UAE's aluminium export to USA on upward trend, the country hopeful on tariff exemption
Aluminium remains one of major exports of the United Arab Emirates. In the face of Trump’s 10% global tariff on aluminium, UAE is reeling under fear as the tariff is expected affect a solid portion of its aluminium export. The Emirates’ main aluminium producer is Emirates Global Aluminium (UAE),...
EU to have immediate trade talks with Trump over the new aluminium, steel tariffs
The top United States and European Union officials announced yesterday that both US and EU agreed to have a round of discussion on trade issues of concerns, including the new aluminium and steel tariffs, which Donald Trump had threatened to impose from this Friday (March 23, 2018). The EU Trade...
China partially wins WTO case over Obama-era U.S. tariffs
The United States did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, a World Trade Organization compliance panel said in a ruling on Wednesday that either side can appeal within 20 days. The ruling came ahead of the White House’s announcement on...
UAE looks for the new aluminium, steel tariffs exemption from US
After China and Russia, UAE holds a significant position as an aluminium exporter to the US. Being the third largest exporter, the nation is now seeking an exemption from the new aluminium, steel tariffs imposed by the Trump government on imported aluminium and steel. Countries like Bahrain, New...
Some aluminium, steel products might be excluded from U.S tariffs, says Japan Trade Minister
Japanese trade minister updated on Tuesday that there is a high chance of some Japanese steel and aluminium products to be exempted from the new US tariffs; reason being the products are not quickly replaceable. “I think there is a high chance that Japanese steel and aluminium products would be...
US import duty won’t impact global aluminium industry: Icra
The imposition of 10 per cent tariff on import of aluminium into the USA would not have any major impact on the current dynamics of the global aluminium industry, according to rating agency Icra. This is primarily due to the fact that the global market is currently in a deficit, following key...
U.S. Department of Commerce announces exclusion process for aluminium, steel tariffs
The U.S. Department of Commerce announced tariffs exclusion process for aluminium and steel. “These procedures will allow the Administration to further hone these tariffs to ensure they protect our national security while also minimizing undue impact on downstream American industries,” said...
Forty-five US trade groups urging Trump to withhold steel, aluminium tariffs on China
There is already a long queue of companies and associations in US, urging the government to withhold steel, aluminium tariff plans on China. In a very recent time, Forty-five US trade associations, representing some of the largest companies in the country, have also joined the queue and signed a...
New Zealand seeks an exemption from U.S. aluminium, steel tariffs
New Zealand has requested US to exempt it from the new tariffs on imported aluminium and steel. Prime Minister Jacinda Ardern has written to the United States president to grant an exemption from the new import tariffs. "We are awaiting a response, as are many other countries who have sought an...
