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Steel imports down 21.9% year-on-year in September
Based on preliminary data from the Census Bureau, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (-2.8% and -1.1%,...
China’s steel production will exceed 1 billion tons in 2020
Qu Xiuli, Secretary General of China Iron & Steel Association (CISA), predicted that China's crude steel production will exceed one billion tons or grow 3-5% over the previous year by 2020 due to strong demand.As for the last quarter, coinciding with the modest...
Trump removes Canadian aluminum tariffs, warning that it may reinstate them
U.S. President Donald Trump issued a proclamation on Tuesday, formally eliminating tariffs on raw aluminum imports from Canada, but threatening to reinstate them in the event of a surge in metal imports across the northern U.S. border. The proclamation follows an...
Glencore grants $10 million in support to Falco Resources
Glencore is providing Falco Resources with $10 million bridge funding that will help the company move forward with its flagship Horne 5 VMS warehouse in Quebec. The companies have also entered into agreements to withdraw copper and zinc from the mine, which will see...