Steel Mining News

Wall Street builds immunity to trade war rhetoric

So far, Trump has taken little action beyond tariffs of 25 percent on steel and 10 percent on aluminum on imports from China, the European Union and other countries.

Resolute’s Syama gold mine in Mali to be fully automated

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Billionaire schools teacher in NAFTA talks

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?

LME says plans to launch about 15 contracts from January 2019

The exchange said in March that any launch of a new cobalt contract would not be until the end of 2018 or early 2019.

US lawmakers set bill seeking to control Trump on tariffs – key lawmaker

Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.

Canada vows to protect metals sector but resists call for quick action

Canada retaliated against the latest punitive measures last week by proposing levies on C$16.6 billion worth of U.S. exports.

Mexico hits back on US steel, slaps tariffs on pork, bourbon

As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.

U.S. tariffs "unjustified", Britain's May tells Trump on call

The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.

GO GOLD! Inflationary tariffs could supercharge the yellow metal

"What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth."

US-China need new trade framework, says former negotiator

The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist.

Canada mulls aid for steel, aluminum industry after US tariffs

Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs.

Trump aide: Canada trade row a "family quarrel", Trudeau overreacting

The United States said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union.

Talks end with China warning trade benefits at risk if U.S. imposes tariffs

China says implementing tariffs will void agreements.

US aluminium tariffs; collateral damage and a missed target: Andy Home

Aluminium in particular shows why tariffs are such a poor trade weapon.

Trump tell allies to fix trade after US tariffs strike

Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.

Moody’s: US steel outlook changing to positive on strong fundamentals

The 12 to 18 month outlook for the US steel industry has changed to positive from stable, Moody’s Investors Service says in a new report.

US allies hit back at Washington's steel, aluminum tariffs

The US on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the EU, reigniting fears of a global trade war.

ArcelorMittal South Africa to sell stake in Macsteel, shares rise

ArcelorMittal's South Africa unit will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner MacHold.

Vedanta’s troubles worsen as Indian state orders permanent closure of smelter

Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.

Trump metals tariffs make Granite City great again, but at what cost?

The United States Steel Corp is re-hiring or recruiting around 500 workers as it readies for production in mid-June at a blast furnace it idled in 2015.

Russia's Avtovaz explores alternatives to sanctions-hit Rusal

Rusal is Avtovaz's top aluminium supplier.

EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.

U.S. producers hurt by Chinese steel wheel imports – trade panel

The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

Russia's NLMK says could close U.S. business due to tariffs

NLMK is Russia's top steelmaker.