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Century Aluminum will rehire workers if Trump imposes tariffs, CEO says
Posted on Friday February 23, 2018
The main U.S. producer of high-purity aluminum used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and rehire some 350 workers if President Donald Trump imposes aluminum import curbs. Century Aluminum Co Chief Executive Michael Bless told Reuters on Thursday that the Commerce Department recommendations for aluminum tariffs or quotas would allow U.S. primary aluminum producers to restore all of "what's left" of their idled capacity to production. The company has shut down three-fifths of Hawesville's production machinery in response to a flood of imports in recent years from China, the Middle East and Russia.
What’s the Core Issue Facing the Global Aluminum Industry?
Posted on Friday February 23, 2018
The US Commerce Department has recommended actions including a tariff and quota against aluminum imports under the Section 232 imports probe that was completed earlier this year. While the news triggered buying interest in Century Aluminum (CENX), Alcoa (AA) actually closed with a marginal loss after the news broke out. There is significant aluminum overcapacity in China, and the country’s exports have been on the rise, despite the much-publicized winter month capacity curtailments.
How Would Quotas Affect US Aluminum Buyers?
Posted on Thursday February 22, 2018
As noted in the previous article, a flat tariff on aluminum imports might not have a major impact on US aluminum production and might not boost jobs in the US aluminum smelting industry. The quotas, if imposed, could have an impact on US aluminum production, as they would limit aluminum volumes in the US market at a time when demand is expected to rise as compared with last year.
[$$] The Benefits, and Costs, of Higher Metal Tariffs
Posted on Tuesday February 20, 2018
Aluminum and steel producers hope tariffs under consideration by the Trump administration will heat up demand for their products, but the U.S. remains an expensive place to make the metals.