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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Novelis says aluminium tariffs will increase costs for consumers
Novelis, the biggest buyer of aluminium in the US, says President Donald Trump’s proposed tariffs on the metal don’t “get at the core issue” of Chinese overcapacity and will only increase costs for consumers. The Atlanta-based company, which makes aluminium for the car and beverage can industries,...
U.S. tariff on aluminium has minimal impact on business, says Press Metal Aluminium
Since Press Metal Aluminium exports minimal amount of primary aluminium products to the United States, Trump’s proposed tariffs on aluminium and steel imports will have minimal impact on its business. Malaysia’s Press Metal said in an exchange filing on Monday, March 5. “We understand that the...
Trump may exempt tariffs if ‘new & fair NAFTA agreement is signed’
President Donald Trump announced that his tariffs plan on imported aluminium and steel might be exempted Mexico and Canada if they agree to a new & fair NAFTA agreement. "We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for USA....
Recovery of aluminium from scrap in the U.S. on the rise year on year in 2017
According to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, the U.S. aluminium industry purchased an estimated 315,280 tonnes of aluminium scrap during December 2017, essentially unchanged from the December 2016 total. USGS estimates that recovery of...
IMF warns U.S. import tariffs will hurt economies
The International Monetary Fund announced on Friday that President Donald Trump’s decision to impose tariffs on imported aluminium and steel is likely to cause damage to the United States and global economies. IMF has urged countries to constructively resolve trade disagreements. “The import...
European Aluminium calls for decisive actions to tackle US import measures on aluminium
After the US President Trump announced that a tariff of 10 % will be imposed on aluminium exports from all countries, European Aluminium calls on the European Commission and EU Member States to safeguard the European aluminium industry. The announcement came after the department of Commerce had...
End user sectors concerned over U.S. aluminium tariffs
American industries are expressing concerns over aluminium tariffs since they require aluminium for use in cars, aircrafts, beer, electronic etc. Higher prices of raw materials in the U.S. would lead to higher prices of products. Automakers and other users have already expressed dissatisfaction...
Hulamin delivers strong FY17 sales, sees possible upside to proposed US tariff increases
The proposed aluminium import tariffs that are currently being considered by US President Donald Trump's administration could have a positive impact on South African aluminium products manufacturer Hulamin's operations, CEO Richard Jacob said on Monday. Speaking to Engineering News Online in a...
Aluminium tariff will push up cars and trucks prices, Toyota says
Toyota Motor Corporation said it expects the prices of car and truck to increase in the U.S. due to new tariff on imported products. Toyota said Trump’s decision to impose duties on imported aluminium and steel will adversely impact automakers. The company buys majority of aluminium and steel for...
Trump to impose steep tariffs on steel, aluminum; stokes trade war fears
President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada. Trump said the duties, 25 percent on steel imports and 10 percent on...
China’s Ministry of Commerce expresses dissatisfaction over import tariffs on Chinese aluminium foils
According to a statement from China’s Ministry of Commerce (MOFCOM), released on Wednesday, the country has expressed "strong dissatisfaction" with the United States imposing anti-dumping and countervailing duties on Chinese aluminium foils. "The U.S. has disregarded the WTO rules and seriously...
China's aluminium foil export sees limited impact by US anti-dumping decision
The impact on China’s overall aluminium foil exports following the US final determination in the antidumping and countervailing investigations remains to be seen. The demand growth from other countries as well as the movement of SHFE/LME price ratio would be key, SMM believes. Late on February 27,...
U.S. Commerce Department confirms steep duties on subsided Chinese aluminium foil
On Tuesday February 27, the U.S. Commerce Department made a final determination that imports of aluminium foil from China are being sold in the United States at less than the fair market price as the producers are getting government subsidies from Beijing. The statement confirmed that antidumping...
Aluminium product shipment by the U.S. and Canada increase in January 2018
According to the latest report from Aluminum Association, shipments of Aluminum Extruded Products (extruded shapes, pipe & tube, and rod & bar) by U.S. and Canadian producers stood at an estimated 204 thousand tonnes during January 2018, up 3.6 per cent over the volume in January 2017. On a month...
Trump indicates harshest of tariffs on steel and aluminium import
Responding to the U.S. Commerce Department’s tariff recommendations on steel and aluminium imports, President Donald Trump has expressed his willingness to impose the hardest of tariffs on steel and aluminium. As told to his confidants Trump is looking a global tariff of 24 per cent on steel...
Canada optimistic about being exempted from proposed tariffs on steel and aluminium import
Canada, the biggest exporter of steel and aluminium to the U.S. is optimistic about being exempted from Trump administration’s crackdown on steel and aluminium import. Though the U.S. Commerce Department didn’t mention any exemption for Canada in its report where possible tariffs and quotas were...
Tariffs on aluminium could lift prices of canned beer and vegetables in the U.S.
U.S. consumers could end up paying more for a six pack of beer or a can of vegetables if President Donald Trump takes actions on U.S. Commerce Department’s tariff recommendations on steel and aluminium imports. Critics are of the view that such protective actions may harm many U.S. end-user...
Shipments of aluminium can stock, foil, sheet and plate by the U.S. and Canada up in January 2018
According to the latest report from Aluminum Association, shipments of Aluminum Foil by U.S. and Canadian producers were slightly up YoY to 34 thousand tonnes during January 2018. Compared to the previous month, shipments increased 18.5 per cent over the December 2017 total of 29 thousand tonnes....
