Steel Mining News

U.S. govt to accept metals tariffs exclusion requests from Monday

It could take up to 90 days to make determinations.

Merkel, Xi agree to work on steel overcapacity within G20

Xi said both countries should cooperate despite ideological differences.

Trudeau dodged steel tariffs. Now he's angling to save NAFTA

Donald Trump is already taking up a lot of Justin Trudeau’s bandwidth. Steel tariffs sent it to another level.

ArcelorMittal Canada steelmaker not seeking government aid -CEO

Sean Donnelly, CEO of the company, added that the Canadian government must put resources in place to ensure that cheap steel is not diverted to Canada.

Canada's Trudeau tells metal workers: 'We have your backs'

“We are ready to take action whenever action is required ... we had your backs last week and we always will,” Trudeau said after visiting a Rio Tinto smelter in Quebec.

Germany's Merkel still hopes for talks on U.S. tariffs

German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue.

Tariffs should be part of U.S. trade policy, Trump foe Warren says

Elizabeth Warren stopped short of endorsing Trump's decision to launch steep tariffs on steel and aluminum.

Countries evaluate actions to offset the effects of Trump’s tariffs

Reactions continue to pour in following U.S. President Donald Trump’s imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.

Tesla chief executive asks Trump for 'fair outcome' on China trade

Elon Musk took to Twitter to call on U.S. President Donald Trump to challenge Chinese auto trade rules.

More countries want to be exempt from Trump’s tariffs

Brazil, Argentina, Japan and the EU have expressed concerns about the measure.

Trump sets steel and aluminum tariffs; Mexico, Canada exempted

Trump has also demanded concessions from the European Union and has threatened to hike tariffs on auto imports from Europe.

Trump set to authorize steel, aluminum tariffs on Thursday

White House says not just Canada, Mexico could be excluded.

Gold slips after hitting 1-week high on trade war fears

Fall followed news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar.

EU warns Trump of trade war, China raises concerns at WTO

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium.

US steel and aluminum tariffs a ‘black day for the world’ — BHP

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

China to cut more coal, steel output to defend 'blue skies'

China’s state planner pledged on Monday to cut more steel and coal production capacity this year.

Steel tariffs may trip up another industry Trump loves: coal

While tariffs could increase domestic demand for metallurgical coal - which is used in the steelmaking process - most of the market for that fuel is abroad.

25% tariff could price-out 18 million tonnes of steel imports from US market

With utilisation rates rising so high, the US domestic steel prices are likely to increase by at least the 25% - as per the new tariff.

Trump ups trade pressure on Canada, Mexico; senior Republicans urge rethink

Trump said Canada and Mexico could avoid planned steel and aluminum tariffs if they ceded ground in talks on a new NAFTA trade deal.

Trump has spoken with world leaders, no tariff exemptions

President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers.

Canada retaliation in US tariff row 'like grabbing your own throat'

Crops, meat and energy trade in both directions across the Canada-US border, making it difficult to retaliate against US products in those industries.

China’s staggering demand for commodities

It’s said that in China, a new skyscraper is built every five days.

Trump sours flagging NAFTA talks with steel trade war threats

Canada, the biggest foreign supplier of steel and aluminum to the United States, quickly pledged to retaliate if necessary.

Trump defiant after criticism of steel and aluminium tariffs

U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminium triggered global criticism and a slide in world stock markets.

U.S. energy industry slams Trump's 'job-killing' steel tariffs

The U.S. oil and gas industry slammed Trump’s plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.