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U.S. steel- and aluminum-using manufacturers issue statement in support of the trade agreement, although they call it 'disappointing' for not completely terminating tariffs with a close ally.
CAMMU says: "The conflict with Russia over its invasion of Ukraine underscores that these “national security” steel and aluminum tariffs on U.S. allies should never have been put in place in the first place."
The Coalition of American Metal Manufacturers and Users (CAMMU) issued the following statement against enacting the Section 232 tariffs against Canada.
With a mission to “give the customer what they need when they need it,” Dennis Leebow opened Majestic Steel USA’s operations in 1979. Now the company's next generation, represented by his son and current CEO Todd Leebow, plans an expansion.
"We are not yet looking at a glut of seaborne iron ore. But risks are escalating, and the balance is tilting towards a bigger hit to iron ore demand than supply."
“Unstable,” “unpredictable,” and “slow” are words that both steel producers and steel-using manufacturers (steel “consumers”) are using to describe steel market conditions heading into 2020.
To say that the aluminium market has returned to ‘normality’ would be something of an understatement. The market remains far from ordinary and predictable.