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Showing research about Metals - Steel

20211208-steel-macro-600x427

Shimano could face higher costs if US-EU steel rhetoric plays out

The US and EU have criticized environmentally unfriendly steel exports from China in follows to the Section 232 deal last month. This could be both an initiative to extend the EU’s carbon border policies to the U.S. as well as a way to pressure China as the Phase 1 agreement from the U.S. – Ch... Read more →

20210929-steel-prices-600x398

U.S. Steel looks to capitalize on record-high prices

U.S. Steel has announced plans for a new, 3 million ton capacity plant starting next year, counting on high steel prices to continue. CEO David Burritt said in an interview that “We have the winds at our backs. Steel prices seem to be sustainable.” Data on steel prices show that the average pr... Read more →

20210818-inflation-commodities-600x402

Supply chain inflation bow wave washes into Q3’21

Global supply chains have been beset by cost inflation since late 2020 with a wide range of commodities continuing to experience rising prices, up 0.5% as of August 13. This inflation is not limited to commodities, as import price data shows the prices of key manufacturing components like plas... Read more →

20210715-tariffs-specials

Presidential power affirmed as Turkey loses steel tariff appeal

The U.S. Court of Appeals has overturned an earlier court decision that ruled against President Trump’s action to double section 232 (national security) tariffs on imports from Turkey. That reaffirms the President’s discretionary power with regards to tariffs. It’s unlikely that the Biden admi... Read more →

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