The Trump administration launched a wide-ranging probe of aluminum imports that could end in broad tariffs or other trade restrictions on the metal, The Wall Street Journal reports. Producers in Canada and China – by far the biggest aluminum exporters to the US – could face the biggest impact from any tariffs coming out of the […]
Category: Commodities
China’s steel industry association has spoken out against protectionism in the wake of a high-profile move by Donald Trump toward limiting US imports of the metal, the Financial Times reports. The China Iron and Steel Association voiced its concerns in a statement published on its website in response to Trump’s call for a national security […]
China said Monday it removed 29 firms from its list of “qualified steel makers” – the first time it has taken such action – and threatened another 40 with removal if they did not reform. The government said the 29 companies hadn’t met environmental standards or had halted production for too long. The Ministry of […]
China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters. Saudi Aramco, a key exporter to China along with Russia’s Rosneft, is due to list next […]
The European Union slapped Chinese steel imports with new anti-dumping duties Thursday, heightening a growing conflict in which each side accuses the other of unfair trade practices, The Wall Street Journal reports. The European Commission introduced levies ranging from 18.1% to 35.9% for five years starting Friday on certain hot-rolled flat steel products from China. The definitive duties increased from provisional […]