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The Trump administration has reinstated Section 232 tariffs on non-alloyed unwrought aluminum from Canada. The decision was criticized by the Aluminum Association.
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FABTECH has become the latest casualty of the coronavirus, as organizers have canceled the 2020 event. The show had been scheduled for November in Las Vegas.
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World crude steel production in June totaled 148.3 million metric tons, a 7 percent decrease compared with the same month last year, the Brussels-based World Steel Association Reported. First-half production of 873.1 million tons was down 6 percent from 2019.
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The PMI surged to 54.2 percent in the July Manufacturing Report on Business from the Institute for Supply Management. The PMI represents growth in the manufacturing sector for the third-straight month after the sharp COVID-19-related declines earlier in the year.
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Metal shipments in the U.S. and Canada declined again in June, though not as steeply as in May, reports the Metals Service Center Institute in its latest Metals Activity Report.
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The American Iron and Steel Institute voiced support for the U.S. House passage of the Moving Forward Act. The house bill is the latest attempt at a more robust infrastructure bill.
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The U.S. imported a total of 1.8 million net tons of steel in May 2020, including 1.5 million tons of finished steel, the American Iron and Steel Institute reported. Total imports were down 35.5 percent and finished steel imports declined 13.2 percent compared with April’s totals.
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Economic activity in the manufacturing sector grew in June, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business from the Institute for Supply Management. The PMI was at 52.6 percent in June, up 9.5 percentage points from the May reading.
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Global stainless steel production declined 8 percent in the first three months of 2020, the International Stainless Steel Forum reported. Production in the first quarter totaled 11.7 million tons.
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The United States-Mexico-Canada Agreement went into effect on July 1. Steel and aluminum industry trade associations championed the final step in the extensive effort to replace the North American Free Trade Agreement.
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