Steel Tariffs News

As the St. Lawrence Seaway officially opened for business yesterday (March 26), U.S. Great Lakes ports are predicting the shipping season will mirror last year’s stellar performance.In 2018, many U.S. Great Lakes ports recorded their highest cargo totals in recent years, with strong volumes of iron ore, petroleum products, construction products and international grain exports. This coming season, road salt shipments should also be strong as cities replenish their reserves after a long, difficult winter. “We are optimistic these trends will continue into the new season and off-season investments made by the St. Lawrence Seaway and local ports will make 2019 another great season for our members,” says Bruce Burrows, President of the Chamber of Marine Commerce.

Dr. Lorry Wagner has served as president of the Cleveland-based Lake Erie Energy Development Corporation (LEEDCo) since May of 2010.LEEDCo is the public private partnership behind the effort to construct Icebreaker Wind, a 6 turbine 20.7 megawatt offshore wind energy demonstration project in Lake Erie, 8 miles off the shore of Cleveland. LEEDCo has received funding from the U.S. DOE under its Advanced Technology Demonstration Projects award and has partnered with Fred. Olsen Renewables of Norway. Dr.

Mexican Deputy Economy Minister Rogelio Garza said on Monday that the government was very confident that it would soon reach a deal with the United States and Canada over steel tariffs.The administration of U.S. President Donald Trump imposed tariffs on steel imports in June, citing national security reasons. Canada followed with tariffs on a range of steel products earlier this month.Reporting by Sharay Angulo; writing by Julia Love

India has launched a complaint against the United States to challenge U.S. President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday.Indian officials told Reuters last month that their government would open a WTO dispute if the country's firms were not granted an exemption.Trump imposed the tariffs in March, levying 25 percent on steel imports and 10 percent on aluminium. He said they were justified by national security concerns and therefore outside the WTO's remit.India…

Japan has notified the World Trade Organisation that it reserves the right to take counter-measures against U.S. tariffs on steel and aluminium imports, the foreign ministry said on Friday.Japan is the only major U.S. ally that did not receive exemptions from U.S. President Donald Trump's decision in March to set import tariffs of 25 percent on steel and 10 percent for aluminium.But it had previously refrained from following in the footsteps of China and the European Union, which responded to the U.S.

Huntington Ingalls Industries, the largest shipbuilder for the U.S. government, said new tariffs on steel and aluminum should not impact the price of its own shipbuilding in the near-term, but does not know if tariffs will raise prices for its suppliers. Huntington's Newport News Shipbuilding yard in Virginia has a multi-year financial agreement that guarantees steady pricing for its steel, known as a hedge, Jennifer Boykin, president of Newport News Shipbuilding in Newport News, Virginia, told reporters on Tuesday at the Sea Air Space Exposition in National Harbor, Maryland.

The Trump administration's plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U.S. energy development outside of shale oilfields will further its goal of "energy dominance." But existing Obama administration lease rules remain in place through 2022 unless the new rules gain approval. The Department of the Interior this year proposed opening vast new acreage in the U.S. outer continental shelf to drilling.

Canada's Prime Minister Justin Trudeau said on Friday any U.S. tariffs on steel and aluminum imports would cause significant disruption to markets on both sides of the border, but he was confident his government could defend the industry. "Any disruption to this integrated market would be significant and serious. But that is why we were impressing upon the American administration the unacceptable nature of these proposals that are going to hurt them every bit as much as they are going to hurt us…

U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said. News of the tariffs drove the stocks of U.S.

U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said. News of the tariffs drove the stocks of U.S.

The Maritime Exchange for the Delaware River and Bay, in a coordinated effort with business leaders and local longshore unions, today called on President Bush to repeal the Section 201 tariffs imposed on steel imports in March of last year. This action was taken following the release of the International Trade Commission (ITC) report on the effects of the steel tariffs on domestic steel-consuming industries and domestic steel producers. In a letter to President Bush, Maritime Exchange President Dennis Rochford, cited the adverse economic impact these tariffs have had on the tri-state regional port complex. "Steel ship arrivals will drop from 210 last year to 150 by the end of this year.

Early last year, “experts” were warning of a prolonged slump in the box trades, fueled by reckless over-ordering by irresponsible carriers and shipbuilders offering special deals on price. Howe Robinson's Container Index had sunk to a low point of 451 in January and leading liner company executives were attending hastily convened crisis summits to discuss possible lay-up schemes and other short-term survival strategies. Less than two years on, the market has paused briefly for breath after what brokers describe as an unbelievable recovery, both in its scale and speed. Last week's Howe Robinson index was just over 1104, slightly down on the previous couple of weeks but nevertheless attained in a consistent climb that, until now, has seen no breaks.