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Copper imports now also affected by US Section 232 tariffs

From steelnews.biz

On Thursday, the results of the Section 232 investigation into copper imports into the United States were announced. Some of the results were significantly different than expected. US tariff dispute: A deal for South Korea and two new punitive tariffs. EU: Is overcapacity in the steel sector artificially inflated? Since President Donald Trump ordered a Section 232 investigation into copper imports into the United States, it had been expected that the US government would also introduce them. Many copper traders had therefore already begun importing large quantities of copper into the United States and had built up ... (full story)

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  • Category: Fundamental Analysis