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Showing research about Metals - Steel

20210504-calendar-retal

Steel deals, grinding gears – May 2021 supply chain calendar

The month of May will bring further corporate reports regarding the challenges from congested supply chains and rising raw materials costs. Firms reporting in the logistics sector include Maersk and Hapag-Lloyd while among industrials and consumer goods firms Deere, Foxconn and Nintendo will b... Read more →

20210429-india-steel-regions

India’s oxygen emergency requires steel export reductions

The Indian government has requested that steelmakers focus their liquid oxygen production, used in the blast furnace process, on supplies to the medical industry. While India’s COVID-19 crisis clearly needs to take priority, there will be downstream supply chain implications for producers and ... Read more →

20210426-vale-ports

Vale’s iron ore exports enter third year of disruptions

Vale has entered a third year of volatile iron ore exports from Brazil. A mining disaster in 2019 and the pandemic in 2020 have been followed by legal challenges to the opening of its Terminal Ilha Guaíba, located near Itaguaí. The port has been reopened and was the third largest port handling... Read more →

20210409-steel-utilization

Posco, Thyssenkrupp may be preparing for an elusive tariff cut

U.S. section 232 import duties, applied for national security reasons, have “helped save American jobs in steel and aluminum industries” according to U.S. Commerce Secretary Gina Raimondo. There will continue to be “a place for tariffs” going forward, even though that likely will continue to c... Read more →

20210407-nails-macro

Illinois Tool Works, Kyocera may see nail tariff costs cut

The U.S. Court of International Trade ruled that expanded section 232 national security tariffs on steel products overstepped the law, removing duties on steel and aluminum derivatives like nails and car bumpers. This overturns the duties that were enacted by the Trump administration in Januar... Read more →

202104-outlook-demand-boom-global-1

Q2 2021 Outlook: Words become actions, threats going nowhere

The seeds of the challenges faced by global supply chains in Q1’21 were sown in the second half of 2020 and are unlikely to unwind before the end of Q2’21. Global trade activity remains robust, with exports from 17 countries that have reported data for February showing growth of 6.2% excluding... Read more →

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