Canada to extend tariffs on some steel, aluminum products
The proposed extension would last for one year.
The proposed extension would last for one year.
The remarks come head of the joint review of the US-Mexico-Canada Agreement, which replaced NAFTA, on July 1.
Rio Tinto has started commissioning its AP60 expansion at Arvida, adding 160,000 metric tons of annual primary aluminum capacity while replacing older production assets.
US Commerce Secretary Howard Lutnick said the US should pursue separate, bilateral trade negotiations with Canada and Mexico instead of renewing the US-Mexico-Canada Agreement (USMCA).
The US has released new procedures allowing steel and aluminum producers in Canada and Mexico to qualify for reduced Section 232 tariffs. But only if they commit to building new production in the US.
Aluminum executives say geopolitical tensions are reshaping logistics and trade flows, but demand remains stable as the supply chain adapts to ongoing disruptions.
Markets were all over the map last week. But once again, it was energy that commanded the most attention.
Extruders flagged mounting Gulf supply risks, tight US inventories, and a shift toward scrap-driven billet economics.
The EU’s carbon border adjustment mechanism (CBAM) isn’t just talk anymore. It’s here and here to stay. What does it mean for North America? To answer that question, Nick Ogilivie, product manager and CBAM lead at CarbonChain, will join AMU for a Community Chat on Thursday, April 9, at 11 am ET.
Linamar's Welland gigacasting project illustrates how shifting EV demand and policy changes can expose Tier 1 suppliers to investment timing risk.