Panjiva Research

USMCA Watch: Relief for Swift and Tyson as Steel No Longer Presses Pork

May 20, 2019

The U.S. government has agreed to remove tariffs on steel and aluminum exports from Canada and Mexico, who in turn will remove their retaliatory duties. While removing one hurdle to ratification of the U.S.-Mexico-Canada Agreement there are still concerns in the U.S. House of Representatives r... Read more →

Nucor May Be Crushed if Nippon Steel Can Lift Heavy Plate Tariffs

May 9, 2019

Japanese steelmakers including Nippon Steel will appeal a decision by the Mexican government to place tariffs on their exports of heavy steel plate. Mexican imports of steel plate from all countries reached $536 million in the 12 months to Mar. 31 after surging 30.4% year over year. Yet, impor... Read more →

USMCA Watch: Closure Not Close as Mexico’s Steel, Aluminum Exports Plummet

May 8, 2019

Steel and aluminum tariffs imposed by the U.S. on Mexican exports are now the main sticking point in ratification of the U.S.-Mexico-Canada Agreement. Mexico’s Undersecretary for North America Jesús Seade has stated “there cannot be a close” of USMCA implementation without re... Read more →

Vale Heads Rapidly Downhill as Exports Hit Low

May 8, 2019

Vale has faced a further setback at its Brazilian iron ore mines after the reversal of an earlier court decision has led to the closure of its Brucutu mine. That follows a series of problems including a dam failure and water contamination earlier in the year. As a result Vale suffered a 33.8% ... Read more →

CAP Capitalizes on Steel Strength to Expand Exports

May 1, 2019

Steelmaker CAP SA will reopen one of its Chilean steel furnaces in response to improving market conditions. Total Chilean steel exports have climbed 25.1% year over year in the 12 months to Feb. 28. CAP was the largest exporter ahead, with 19.0% of exports, ahead of MolyMet. CAP has also accou... Read more →

USMCA Watch: Grassley Draws a Steel Rule for Ratification That May Break The Deal

April 29, 2019

Senator Chuck Grassley has indicated that ratification of the U.S.-Mexico-Canada Agreement through Congress “is dead” if section 232 duties on imports of steel and aluminum from Canada and Mexico are not removed. Grassley’s concern appears centered on the impact of retaliator... Read more →

Scrap Supply Chain Set For Another Shakeup as China Reviews Rules

April 24, 2019

The Chinese government may soon impose additional restrictions on imports of scrap metals from the U.S., That comes as wider trade negotiations are supposed to be wrapping up. U.S. exports of scrap metals, plastics and paper to China have fallen 40.4% year over year in the 12 months to Feb. 28... Read more →

Posco’s Positive Position on Steel Outlook at Risk From U.S. Trade Policies

April 24, 2019

producer Posco expects to see a recovery in demand 2Q 2019 as a result of improved automotive and shipbuilding demand in South Korea. Direct exports of steel from South Korea by all manufacturers saw a 1.6% year over year drop in 1Q 2019. One risk to Posco’s outlook comes from U.S. trade regul... Read more →

Tariff Quote Watch: Alcoa Worries About Quotas, Industry Concerns About Tariffs Wane

April 23, 2019

Corporate supply chains are steadily evolving as a response to uncertain government trade policies. Panjiva’s analysis of company transcripts since the start of April show that 125 of 617 companies, or 20.3%, have discussed trade policies including tariffs and Brexit. That’s down f... Read more →

USMCA Watch: Tangible Gains May Be Beaten by Tariff Politics

April 18, 2019

The U.S. ITC is scheduled to report on Apr. 19 as to the economic benefits of the U.S.-Mexico-Canada Agreement versus existing trade arrangements. The IMF has previously identified a net benefit from the new deal, but with reduced trade in some sectors. The analysis comes as trilateral trade b... Read more →

Showing research about Metals - Steel