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The U.S. will impose an additional 10 percent tariff on approximately $300 billion of Chinese imports, though President Donald Trump pushed back the date some of the tariffs will go into effect to December.
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Steel shipments in July decreased for the ninth consecutive month in the U.S. and for the 12th consecutive month in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Aluminum shipments increased slightly in both the U.S. and Canada.
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Economic activity in the manufacturing sector expanded in July, but the trend of year-long slowing growth continued, reports the Tempe, Ariz.-based Institute for Supply Management in its latest Manufacturing Report on Business. The PMI for July was 51.2 percent, down 0.5 percentage points from the previous month.
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Global crude steel production totaled 159 million tons in June, a 4.6 percent increase compared to the same month in 2018. For the year to date, global production was up 4.9 percent to 925.1 million tons.
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Steel shipments in June decreased for the eighth consecutive month in the U.S. and for the 11th consecutive month in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Aluminum shipments were also down in both countries.
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The U.S. Commerce Department has instructed U.S. Customs and Border Protection to collect duties on importers of fabricated structural steel products from Mexico and China. The ruling was based on preliminary determinations following a countervailing duty investigation.
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Activity in the manufacturing sector expanded in June, though the growth rate continued to slow, reports the Institute for Supply Management, Tempe, Ariz. The PMI in June was 51.7 percent, down 0.4 percent from the May reading. The overall economy expanded for the 122nd consecutive month.
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Shipments of copper products increased in May compared with the previous month, reports the Copper and Brass Servicenter Association, Overland Park, Kan.
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Steel shipments decreased for the seventh consecutive month in the U.S. and for the tenth consecutive month in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Aluminum shipments increased in the U.S., but decreased for the first time this year in Canada.
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World crude steel production in May totaled 162.7 million tons, a 5.4 percent increase compared with the same month in 2018, reports the Brussels-based World Steel Association. Through five months, global production increased 5 percent to 764 million tons.
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