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Iron Castings - Mar 2, 2022

INFOGRAPHIC: Bonanza for Brazilian pig iron pricing trade | S&P Global Commodity Insights

INFOGRAPHIC: Bonanza for Brazilian pig iron pricing, trade | S&P Global Commodity Insights
Brazilian merchant pig iron prices escalated by more than $300/mt since the beginning of the coronavirus pandemic, while export volumes surpassed 10 year highs on the back of emerging Chinese demand and elevated iron ore prices.

S&P Global
#iron-casting #trade
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Iron Castings - Feb 7, 2022

U.S. and Japan Reach an Agreement to Remove Trump-Era Steel Tariffs

U.S. and Japan Reach an Agreement to Remove Trump-Era Steel Tariffs
The U.S. and Japan reached a truce that will allow most steel shipments from the Asian nation to enter tariff-free for the first time since 2018 and sees the countries working together to combat Chinese trade practices that harm the industry. Washington will suspend the 25% levy on incoming steel imports from Japan up to 1.25 million metric tons a year, officials from the Commerce Department and U.S. Trade Representative's office told reporters on Monday.

Eric Martin, Jenny Leonard, and Isabel Reynolds | Bloomberg
#steel #tariff #trade
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Global MFG - Jan 14, 2022

Viewpoint: US pig iron demand to rise on EAF growth

Viewpoint: US pig iron demand to rise on EAF growth
US demand for basic pig iron (BPI) is expected to climb in 2022 as new steelmaking capacity comes on line, but price direction will likely be tied to a finished steel market that cooled to end 2021.

Zach Schumacher | Argus Media
#materials #supplychain #trade
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Waupaca Foundry

Global MFG - Jan 4, 2022

U.S. Manufacturing Growth Slowed in December to 11-Month Low

U.S. Manufacturing Growth Slowed in December to 11-Month Low
Model year 2021 Ford Ranger trucks on the assembly line at Michigan Assembly, Monday, June 14, 2021, in Wayne, MI. WASHINGTON (AP) — Growth in U.S. manufacturing slowed in December to an 11-month low with companies still combating supply chain problems. The Institute for Supply Management, a trade group of purchasing managers, reported Tuesday that its index of manufacturing activity fell to a reading of 58.7 in December, 2.4 percentage points below the November reading of 61.1.

Martin Crutsinger | Industrial Equipment News
#economy #manufacturing #trade
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Waupaca Foundry

Global MFG - Sep 23, 2021

Cass Freight Index: U.S. freight volumes return to pre-pandemic levels in July costs go higher

Cass Freight Index: U.S. freight volumes return to pre-pandemic levels in July, costs go higher
The Cass Freight Index for July released Thursday shows volumes of goods being shipped by truck, car and rail in North America returning to pre-pandemic levels, but the cost of shipping remains elevated.

Frank Holland | cnbc.com
#manufacturing #supplychain #trade #trucking #water
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Global MFG - Jul 22, 2021

U.S.-China Goods Trade Booms as If Virus Tariffs Never Happened

U.S.-China Goods Trade Booms as If Virus, Tariffs Never Happened

China and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened.

Eighteen months after the Trump administration signed the trade deal, the agreement has turned out to be a truce at best. The U.S. trade deficit hasn’t shrunk, most levies are still in place, and it hasn’t led to negotiations over other economic issues.

Eric Martin and James Mayger | Bloomberg
#tariff #trade
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Waupaca Foundry

Global MFG - Jun 29, 2021

What Makes Assembly in the United States Attractive?

What Makes Assembly in the United States Attractive?
The volatility and uncertainty resulting from trade wars and the COVID-19 pandemic, coupled with increased consumer demand for faster delivery, customization and responsiveness, is helping to promote reshoring and foreign direct investment (FDI) in the United States. Reshoring and FDI are both motivated by the same logic: the agility and financial advantages that companies achieve by producing near their customers.

Assembly Magazine
#manufacturing #trade
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Global MFG - Nov 1, 2019

Econometer: Is the jobs report a sign the recession is near?

Econometer: Is the jobs report a sign the recession is near?
The U.S. economy added a modest 136,000 jobs in September, a gain that managed to help lower the unemployment rate to a new five-decade low of 3.5 percent. But, there was something else in the data: Excluding government, business hiring in the past three months has slowed to an average of 119,000 a month, the weakest showing in seven years.

Phillip Molnar | The San Diego Union
#jobs #trade
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Global MFG - Aug 20, 2019

Consul-General of Japan display commemorative medallion

Consul-General of Japan Visits Waupaca Foundry
Waupaca Foundry shared its modern iron casting manufacturing technology with Naoki Ito, Consul-General of Japan in Chicago, during his Grass Roots Caravan. Read how the visit went.

Ally Melby | Waupaca Foundry
#foundry-in-a-box #trade #waupaca
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Waupaca Foundry

Global MFG - May 20, 2019

China Trade Conflict Brewing for 20 Yrs

China Trade Conflict Brewing for 20 Yrs
The U.S.-China trade blowup was a long time coming. And it won't be easily resolved, not even if U.S. and Chinese negotiators reach a truce in the next few weeks that reassures jittery financial markets. Tensions between the world's two biggest economies intensified over the last week. The Trump administration more than doubled tariffs on $200 billion in Chinese imports and spelled out plans to target the $300 billion worth that aren't already facing 25% taxes. The escalation covers everything from sneakers to toasters to billiard balls.

Paul Wiseman, Martin Crutsinger, Christopher Rugaber | Industrial Equipment News (IEN)
#china #manufacturing #trade
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Global MFG - Aug 24, 2018

Trade war hits scrap yards in Michigan in ways you wouldnt expect

Trade war hits scrap yards in Michigan in ways you wouldn't expect
It's hard to imagine that a trade war could turn into a scrap yard fight in Detroit. Yet China is the largest consumer of scrap commodities. And Michigan is a major exporter, generating multimillions of dollars in business when it comes to recycling metals. So when China slapped retaliatory tariffs on aluminum waste and scrap in April, recycling operations, including two deeply-rooted, family-owned businesses in Michigan, found themselves on the front lines of the trade war.

Susan Tompor | Detroit Free Press
#scrap #trade
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Waupaca Foundry

Global MFG - Oct 9, 2017

U.S. content in Mexican-built autos higher than argued says industry group

U.S. content in Mexican-built autos higher than argued, says industry group
Mexico's main automotive industry group on Monday said U.S. content in vehicles made south of the border is far higher than Trump administration officials have argued, as Mexican auto output and exports posted robust growth in September. The comments came two days before trade negotiators from Mexico, the United States and Canada meet for a fourth round of talks on revamping the North American Free Trade Agreement in Washington.

Noe Torres | Automotive News
#manufacturing #trade
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Waupaca Foundry

Global MFG - Feb 8, 2017

Why US Trade with Mexico and China Could Not Be More Different
Adams Nager, Economic Policy Analyst, the Information Technology & Innovation Foundation Losing a job to China is much more damaging for the United States than losing a job to Mexico.

Adams Nager | Industry Week
#automotive #china #mexico #reshoring #trade
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Global MFG - Jan 29, 2017

Ups and Downs of Made in the USA

The Ups and Downs of Made in the USA
Manufacturers talk about why they decided to locate their production here, what worked and what didn't—and whether the rewards were worth the travails.

Laura Putre | Industry Week
#oem #reshoring #supplier #trade
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Waupaca Foundry

Global MFG - Jan 26, 2017

Trump Trade Import

The Trump Import Trade Agenda Takes Shape
With the nomination of Robert Lighthizer as the United States Trade Representative (USTR), the main players in the Trump Administration for international trade matters seem to be in place. Along with Wilbur Ross at the Commerce Department and Peter Navarro in the White House (along with the new President of course), we now know the people who will be driving trade policy in the new Administration. Mr. Lighthizer's advocacy for the U.S. steel industry, his skepticism about Mexican trade relations and NAFTA, and his hostility toward China's trade practices all make him well suited for policies that Mr. Trump has ...

Jeffery S. Neeley | Industry Week
#trade
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Global MFG - Jan 22, 2017

Trump pulls U.S. out of Pacific trade deal

Trump pulls U.S. out of Pacific trade deal, loosening Asia ties
President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises.

Roberta Rampton | Automotive News
#tpp #trade