US aluminium imports reach new highs in March

US imports of unwrought aluminium soared to new highs in March, coinciding with Section 232 steel and aluminium tariffs signed into law by US President Donald Trump that month.

The US aluminium premium quickly rose in response to Trump signing the tariffs into law, hitting a more than three-year high of 22-23 cents per lb on April 10. American Metal Market's latest assessment of the US Midwest P1020 premium placed it at 21.5-22.5 cents per lb on May 4. Excluding deliveries from Canada, the United States imported 281,114 tonnes of...

Published

Kirk Maltais

May 08, 2018

04:33 GMT

New York