More Foreign Steel Is Being Sent to Canada Amid Trump’s Tariffs

With Canada expected to announce consultations Tuesday on potential measures to limit steel transshipment, there’s evidence countries are already upping their exports to Canada. Imports of iron and steel from countries other than the U.S. have spiked, coinciding with President Donald Trump’s imposition of 25 percent tariffs on foreign steel from Canada and other countries.
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Turkey’s sole refiner Tupras will continue to maintain its crude purchases amid the fallout from the country’s currency crisis, a source close to the company said Tuesday. Factbox: Turkey’s lira crisis fallout unsettles commodity markets But some sources said that there could be a narrower pool of companies willing to sell crude to Tupras because
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More Canadian soybeans are finding their way into the Chinese market as US origin soybeans become uncompetitive after the 25% import duty was imposed from July 2018. About ten vessels of soybeans have been sold to China, on a CFR basis, in August at prices ranging from 270 to 280 cents/bushel over November CBOT Futures
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Shanghai rebar futures pared losses on Thursday to close near a six-year peak reached in the prior session on expectations further output curbs in China could keep supply tight in the world’s top producer. On top of ongoing restrictions at industrial plants in many Chinese cities, Beijing is planning to impose production curbs for a
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Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), reported its financial results for the three months ended June 30, 2018. Highlights for the First Quarter Fiscal Year 2019 -Revenues of $27.6 million and Daily Time Charter Equivalent (“TCE”)(1) rate for our fleet of $16,553 for the three months
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Several clean products tankers were seen on subjects in Brazil to load gasoline cargoes in August, as increased domestic competition with ethanol led to a surplus of gasoline stocks, sources said. “Our cars here work with gasoline and with ethanol, and the ethanol price is now more attractive than gasoline. People are using more ethanol
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China must balance steady economic growth and risk prevention at a time external uncertainties are increasing, a statement on a meeting of a high-level government body said on Friday. The State Council Financial Stability and Development Commission (FSDC), headed by Vice Premier Liu He, said more attention needs to be paid to the “transmission” of
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HAMBURG: The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand. Asset quality, size and diversification will determine the success of shipping companies in the next 18 months, German
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OHANNESBURG:The BRICS nations has resolved to strengthen multilateral trading system and called upon member countries of the World Trade Organisation to abide by the rules, amid ongoing trade disputes between major economies. India, China, Brazil, Russia and South Africa also re-affirmed the centrality of the “rules-based, transparent, non-discriminatory, open and inclusive multilateral trading system”. “We
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NEW DELHI: China has agreed to import rice from 14 of the 19 registered rice exporters from India, while the remaining five— mostly of basmati rice sellers — have been asked to improve storage and isolation facilities before applying afresh. China allows import of only basmati rice from India, but with this clearance, even non-basmati
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