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Leibowitz: Is protectionism working for steel?
After seven years of unprecedented protection, it’s past time to assess the results.
After seven years of unprecedented protection, it’s past time to assess the results.
Alcoa forecasts return to profitability, Fatality at Hydro facility
Biden decreed that steel imports from Mexico again be subject to 25% Section 232 tariffs – unless the products are melted and poured in Mexico, the U.S., or Canada.
Market holds firm despite global trade shifts and solar energy boom.
Despite new aluminum mills coming online, there has been a recent scarcity of scrap, which typically keeps supply constrained.
Aluminum revolution: Rio Tinto and Hydro lead the way with smelting innovations.
Kaiser Aluminum said it does not anticipate closures at its other manufacturing sites.
"Metals had a positive reaction in light of this Fed move, but I think it's kind of a one-off."
Several factors, including overall tightness in scrap supply, continues to create bullish momentum on Midwest premium.
Investors will now pay close attention to a busy economic calendar on Wednesday, with the May CPI report followed by the conclusion of the Federal Reserve’s two-day policy meeting.