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Aluminium News

India takes US steel tariffs complaint to the WTO

By: Reuters     Updated 3 hours ago India has launched a complaint against the US to challenge President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization (WTO) showed on Wednesday. Indian officials told Reuters last month that their government would open a WTO dispute if the... 

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters     22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 

Solidarity announces action plan on US steel, aluminium import tariffs

By: Marleny Arnoldi     14th May 2018 Trade union Solidarity on Monday announced an action plan in response to the decision by the US not to grant the South African steel and aluminium industry exemption from import tariffs on steel and aluminium.  

AMSA liquid steel production increases by 5.9% in Q1

By: Simone Liedtke     11th May 2018 ArcelorMittal South Africa’s (AMSA’s) liquid steel production increased by 5.9% to 71 000 t in the three months ended March 31. The higher output was mainly owing to higher production at its Vanderbijlpark Works and Saldanha Works, which was partly offset by lower long products output following... 

South Africa to continue lobbying US for exemption on steel, aluminium tariffs

By: African News Agency      10th May 2018 South Africa will continue talks with the United States in a bid to get concessions on import tariffs on aluminium and steel, Communications Minister Nomvula Mokonyane said on Thursday. Briefing journalists on the outcomes of Wednesday's fortnightly cabinet meeting, Mokonyane said government was... 

How Trump's steel tariffs kick the can business

By: Reuters     10th May 2018 Dan Vincent is in a bind. The president of Pacific Coast Producers (PCP) plans to use around 700-million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California. 

Subramanian resigns as AMSA CFO

By: Marleny Arnoldi     8th May 2018 Dean Subramanian will step down as executive director and CFO of ArcelorMittal South Africa (AMSA) on July 31, to pursue an opportunity outside the company.  

Tariff war could derail global recovery – ECB

By: Reuters     7th May 2018 Protective tariffs imposed by the US in recent months have only had a minor impact on the world economy but a significant escalation in tensions could derail the recovery in global trade, the European Central Bank (ECB) said on Monday. Retaliation and a full fledged trade war could increase... 

Hulamin responds to US import tariff, says markets for niche products strong

By: Simone Liedtke     4th May 2018 South Africa’s exclusion from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports should not have an immediate impact on local producer Hulamin, but it has increased long-term risks, the JSE-listed company said on Friday.  Hulamin, whose share price has... 

South Africa views itself as ‘collateral damage’ in global trade war

By: Terence Creamer     2nd May 2018 Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports. While insisting that the country... 

South Africa views itself as ‘collateral damage’ in global trade war
US President Donald Trump

Hulamin chair steps down

By: Simone Liedtke     30th April 2018 Mafika Mkwanazi has resigned as chairperson of aluminium supplier and exporter Hulamin, with effect from April 26. Thabo Leeuw, who has served on the board as an independent nonexecutive director since 2007, has succeeded Mkwanazi. 

Trump: 'Very good chance' of a US-China trade deal

By: Reuters     25th April 2018 US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense... 

Global trade growth strong but at risk if conflict escalates, WTO says

By: Reuters     12th April 2018 World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Trade in goods will grow 4.4% this year after a decade averaging 3.0% a year following the financial crisis.... 

Company resupplies machine stock to keep S. African market supplied

By: Victor Moolman     6th April 2018 To keep its supply of stud-welding machines current, furnace and industrial services company The Dickinson Group keeps a range of such machines in stock at its Vereeniging headquarters at all times. The company has supplied more than 600 stud-welding machines over the past 24 years to the mining,... 

China seeks WTO dispute resolution with US over steel, aluminum tariffs

By: Reuters     5th April 2018 China's commerce ministry said on Thursday it has initiated a World Trade Organization (WTO) dispute resolution procedure over US tariffs on its import of steel and aluminum. The move follows a back and forth dispute between the two countries over free trade, that has escalated from an... 

WTO chief sees no sign of US walking away from WTO

By: Reuters     28th March 2018 There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday. US President Donald Trump has launched a series of... 

South Africa willing to accept metals quotas as it intensifies bid for US tariffs exclusion 

By: Terence Creamer     26th March 2018 Trade and Industry Minister Dr Rob Davies revealed on Monday that South Africa was willing to accede to quotas on its steel and aluminium exports to the US as part of the country’s ongoing bid to be excluded from tariffs imposed on March 23 following a proclamation signed by President Donald... 

South Africa willing to accept metals quotas as it intensifies bid for US tariffs exclusion
Photo by Reuters
US President Donald Trump

South Korea steel shares rise on US steel tariff exemption

By: Reuters     26th March 2018 South Korea's steelmakers rose on Monday, with market heavyweight Posco leading the overall sector after the United States agreed to exempt South Korea from its new steel tariffs. Washington will impose a quota on steel imports instead, while South Korea in return will improve access for U.S.... 

South Africa makes formal request for exclusion from US metals tariffs 

By: Terence Creamer     23rd March 2018 Trade and Industry Minister Dr Rob Davies has made a formal submission to the US requesting the exclusion of South Africa from the imposition of duties on steel and aluminium products. A provision allowing for country-based exclusions from a 25% increase in the steel tariff and a 10% duty on... 

South Africa makes formal request for exclusion from US metals tariffs
US President Donald Trump

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

EU trade chief hopeful of exemption from Trump tariffs

By: Reuters     22nd March 2018 European Trade Commissioner Cecilia Malmstrom expressed cautious optimism on Thursday that US President Donald Trump would exempt the European Union from import tariffs to be imposed on steel and aluminium. The United States is set to begin charging import duties of 25% on steel and 10% on... 

China partially wins WTO case over Obama-era US tariffs

By: Reuters     22nd March 2018 The US did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, a World Trade Organisation compliance panel said in a ruling on Wednesday that either side can appeal within 20 days. The ruling came ahead of the White House's announcement on... 

China partially wins WTO case over Obama-era US tariffs

WTO members say US actions threaten trade body's credibility

By: Reuters     20th March 2018 Nearly 50 countries expressed concern on Tuesday about the "serious threat" to the World Trade Organisation posed by unilateral trade actions, a pointed reference to US import tariffs that have caused a global outcry. Delivering concluding remarks after a two-day informal meeting of the WTO... 

South Africa to make tariffs submission as Trump leaves door open for exclusions

By: Terence Creamer     9th March 2018 The Department of Trade and Industry (DTI) says it is studying US President Donald Trump’s proclamations to impose a new 10% tariff on aluminium products and a new 25% tariff on steel products from March 23. However, the department also confirmed that it would be making a formal submission to the... 

South Africa to make tariffs submission as Trump leaves door open for exclusions
Photo by Bloomberg
US President Donald Trump

WTO says there is still time to discuss US tariff move

By: Reuters     9th March 2018 World Trade Organization (WTO) members still have time to discuss the US tariffs on steel and aluminium imports signed by President Donald Trump on Thursday, and it is up to them what happens next, WTO spokesperson Dan Pruzin told reporters on Friday. "Certainly there is still time to discuss... 

EU warns Trump of trade war, China raises concerns at WTO

By: Reuters     7th March 2018 Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump's... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

By: Terence Creamer     6th March 2018 South African steel and aluminium firms remain watchful and uncertain about the effects that a proposed increased US trade protection will have. However, the companies also indicate that they will seek to mitigate the risk through export diversification, as well as a continued focus on markets... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom
US President Donald Trump

Europe's firm response to stop short of trade war with Trump

By: Reuters     2nd March 2018 The firm response Europe has pledged to planned US tariffs on steel and aluminium imports is likely to stop short of triggering the trade war that open market supporters fear. US President Donald Trump said on Thursday the United States would apply duties of 25% on imported steel and 10% on... 

Europe's firm response to stop short of trade war with Trump

Trump trade war talk spooks emerging stocks

By: Reuters     2nd March 2018 Emerging market stocks fell to two-week lows on Friday, with steelmakers taking a pounding after President Donald Trump said he would impose hefty tariffs on US imports of steel and aluminium, reviving fears of a trade war. Trump said the duties of 25% on steel and 10% on aluminium would be... 

US steel, aluminium execs invited to White House for possible announcement

By: Reuters     1st March 2018 Several top US steel and aluminium executives have been invited to the White House on Thursday for what could be a major trade announcement, according to two people familiar with the meeting. US President Donald Trump has vowed to take steps to crack down on imports of steel and aluminium and has... 

Hulamin delivers strong FY17 sales, sees possible upside to proposed US tariff increases

By: Megan van Wyngaardt     26th February 2018 The proposed aluminium import tariffs that are currently being considered by US President Donald Trump's administration could have a positive impact on South African aluminium products manufacturer Hulamin's operations, CEO Richard Jacob said on Monday. Speaking to Engineering News Online in a... 

Hulamin delivers strong FY17 sales, sees possible upside to proposed US tariff increases

EU warns it will retaliate if hit by US trade curbs

By: Reuters     22nd February 2018 The European Commission said on Tuesday it had expressed its concern to Washington about possible measures to curb imports of steel and aluminium and warned that it was ready to react if its industry was hit. "We have made it clear to the US administration at the highest level that we would be... 

Any US tariffs could spark trade war, cut growth, Germany says

By: Reuters     15th February 2018 The German chamber of commerce said on Wednesday that US import tariffs on steel could trigger a trade war with major trading partners, which analysts say could cut growth in Europe's largest economy by up to one percentage point. US President Donald Trump said on Tuesday he was considering a... 

Sasol Chemicals completes alumina capacity expansion project in Germany

By: Megan van Wyngaardt     14th February 2018 Sasol Chemicals' inorganics and catalyst division has completed a 15 000 t/y expansion of alumina capacity at its  Brunsbuettel site, in Germany, enabling the company to meet growing global demand. The expansion involved debottlenecking the alumina slurry feed capacity by installing an additional... 

Stronger rand deals blow to Hulamin's FY17 earnings

By: Megan van Wyngaardt     6th February 2018 Despite achieving record sales volumes of 233 000 t for the 2017 financial year, local aluminium supplier Hulamin's operating profit is expected to dip below that of the prior year, owing to the significantly stronger rand. "The strengthening of the currency had a negative effect on profits,... 

Stronger rand deals blow to Hulamin's FY17 earnings

MEIBC changes welcome, but should take employer into consideration

By: Megan van Wyngaardt     23rd January 2018 Although the Metal and Engineering Industries Bargaining Council (MEIBC) main agreement negotiation process, that took place from June to August last year, was riddled with technical issues and procedural hurdles, the extension to all nonparty employers and employees falling within the scope of... 

Davos paper attacks Trump's views on trade

By: Reuters     17th January 2018 US President Donald Trump's view of world trade will be challenged next week when he visits the World Economic Forum (WEF) at Davos, judging by a paper seen by Reuters on Wednesday that is aimed squarely at his "America First" stance. The "Strategic Brief on Misconceptions around Trade Balances"... 

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