Section 232 tariffs on aluminum have barely registered in credit ratings for U.S. or foreign aluminum producers, as the industry marks one year since the trade action was implemented in March 2018. Earlier this year, S&P Global Ratings analysts discussed the trade file with aluminum producers, buyers, and other industry participants at S&P Global Platts 2019 Aluminum Symposium,...
READOn March 8, 2018, U.S. President Donald Trump approved the imposition of two new tariffs: 25% on steel and 10% on aluminum imports with Canada and Mexico exempted, effective March 23. Our latest series of research includes four articles which explore the possible impact of these tariffs on global trade. U.S. States and Localities May Take Another Look at Budget Forecasts In its...
READAccording to the Industry Top Trends 2018: Metals and Mining report by S&P Global Ratings , "The outlook for upstream producers has generally improved, with a modestly positive rating bias for 2018. We expect the focus on financial prudence - particularly among the largest globally diversified miners - to persist into 2018 amid what our base case assumes to be a (continuing) ge...
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