While recent trade policy action in the metals industry has focused on America’s section 232 duties, the OECD Global Steel Forum on Overcapacity (and potentially a similar process for aluminum) rolls on this week. The target of talks will likely be China given its exports of steel climbed 7% in the three months to April 30 (reaching the highest since September 2015 in April) after a 2% drop in 2017. The need for countries outside of the U.S. to “deal” with the threat of Chinese export growth is more pressing now, though that shouldn’t be overstated given America received just 4% of China...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.