Trump tariffs fan calls by European metal producers for scrap export curbs

Date:

Large stack of aluminum and ferrous materials scrap. Stock image.

  • Scrap metal exempt from Trump’s steel and aluminium tariffs
  • Scrap a key to metal-makers’ decarbonisation efforts
  • EU aluminium scrap exports to U.S. tripled in Q1
  • EU recyclers oppose scrap export curbs

By Philip Blenkinsop and Julia Payne

Brussels – Metal producers in the European Union are lobbying the bloc to impose export duties or curbs on scrap metal shipments “in the next few weeks” to stem a sharp increase in flows to the United States caused by the Trump administration’s trade policies.

Europe’s metal producers are warning of a shortage of scrap and an upending of carbon-emission strategies after U.S. Donald Trump’s 50% levy on imported steel and aluminium heightened demand, and sharply inflated prices, for tariff-free scrap.

The aluminium industry is asking the EU to stem outflows using export…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...