NEWSWORTHY
Japan's Showa Denko to build third plant in Vietnam, eyeing 72% boost to aluminum can output
Industrial material maker Showa Denko K.K. is planning to build a third plant in Vietnam and launch operations by 2020, to aggressively boost aluminum can output in the country. The company said Thursday it will build the plant near Ho Chi Minh City and aims ...
U.S. planes, tractors and food on EU tariff list over Boeing-Airbus subsidy spat
Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union said on Wednesday it could hit with tariffs in a transatlantic aircraft subsidy dispute. The 28-nation bloc said this week it was ready to open negotiations ...
Many Canadians question why Ottawa should ratify a new North American free trade deal given Washington's refusal to lift U.S. tariffs on imports of steel and aluminum from its northern neighbor, a top Canadian official said on Monday. Foreign Minister Chrystia Freeland made her remarks ...
Norway aluminum giant Norsk Hydro hit by 'extensive' ransom cyberattack
One of the world's biggest aluminum producers, Norway's Norsk Hydro, said Tuesday it had been hit by a ransom cyberattack of unknown origin, with hackers demanding a ransom. "The situation is quite grave," Norsk Hydro's chief financial officer, Eivind Kallevik, said. "This virus is a so-called ...
Trump lifts Rusal sanctions as Putin ally Oleg Deripaska cuts stake
The U.S. Treasury Department on Sunday lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. Deripaska, an ally of Russian leader Vladimir Putin, will remain under U.S. sanctions, ...
'Catastrophic' shutdowns expected at Rusal if U.S. sanctions continue
Russian aluminum giant Rusal is concerned about an impending catastrophe if U.S. sanctions are not lifted, with some of its production halted as early as September, two sources close to the company said. Under the terms of the sanctions, imposed in April in response to ...
U.S. halts talks with Brazil, levies import tariffs and quotas on steel and aluminum
The U.S. government called off negotiations with Brazil on tariffs over U.S. protectionist measures and reinstated tariffs and quotas on imports of Brazilian steel and aluminum, according to a statement by the Brazilian government on Wednesday. The United States had announced on April 30 that ...
Industries scramble for exemptions amid looming Trump one-two punch tariffs
AP When Commerce Secretary Wilbur Ross held up a can of Campbell's soup in a CNBC interview to make the case that the Trump administration's steel and aluminum tariffs were "no big deal," the canning industry begged to disagree — and they were hardly alone. President ...
Trump's tariffs lift hopes for jobs in U.S. steel mill towns but few see industry revival
AP In the heart of America's diminished steel country, support for President Donald Trump's tariffs on imports is broad and bipartisan. It is tempered, though, by a strong streak of realism. Trump's tariffs are expected to raise U.S. prices for steel and aluminum. That would help ...
Trudeau tries to reassure aluminum workers about U.S. tariff threat
Canadian Prime Minister Justin Trudeau on Monday kicked off a tour of the nation's steel and aluminum regions to reassure workers worried that the United States could still introduce tariffs on the imports of the metals. Trudeau's first stop was the province of Quebec, the ...
Trump firm as U.S. House speaker and other GOP allies urge him not to pursue tariffs or trade war
In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump pleaded with him Monday to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: "We're not backing down." The ...
No countries exempt from steel and aluminum tariffs: White House
President Donald Trump's administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any countries from the stiff duties. Speaking on CNN's "State of the Union," White ...
