Steel Tariffs a Double-Edged Sword?
A double-edged metal sword As domestic prices rise from a tariff on Chinese steel, some worry the lack of cheap metal will weaken the ability for U.S. manufacturers to compete in the global marketplace. Now the greatest fear we have is that China keeps the cheap steel for itself and makes products that undercut other
Scrap Metal Market: June 2016
Scrap Metal Market Trends Scrap metal prices for crushed autobodies continue to increase 22.52% over the past month (see May 2016 Scrap Metal Market Watch), and have grown 19.51% over the past year. In May, government incentives for steel manufacturers in China were met with a strong response by the U.S. Commerce Department, which imposed
National Alliance on Mental Illness
Teri, one of our terrific employees at Advanced Remarketing Services, shared a presentation with us that was focused on The National Alliance on Mental Illness (NAMI). NAMI has touched the life of her and her family and touchs the lives of many others every day. When you donate your car to NAMI, you are helping them
US Imposes 522% Tariffs on Chinese Steel
In an effort to combat Chinese subsidies of steel production and exports, the US Commerce Department has raised import tariffs by over 500%. At the same time, the International Trade Commission is reported to be considering a complete ban on all Chinese steel imports. 1 Last year, the US steel industry laid off approximately 12,000
Tesla Effect: Lithium to Lift Commodities
Lithium to Benefit Aluminum, Copper Today, battery-powered vehicles represent only 2% of the consumer market, with lithium demand for batteries at about 175,000 tons annually. Manufacturers including Tesla, Chevrolet, and Nissan have plans to expand production significantly over the next five years, requiring more lithium, which is concentrated in a handful of locations in Chile,
Holocaust Stamp Project Event at The Foxborough Regional Charter School
We were lucky enough to have been able to go to the Foxborough Regional Charter School to see the Holocaust Stamp Project Event. They had a guest speaker Michael Joukowsky. Michael Joukowsky is the President of Crawford High Performance Composites Ltd., specializing in composite technology and design. He is also the co-founder and manager of
Chinese Gov’t Incentives Feed Oversupply of Metals
The U.S. Commerce Department is pushing back against Chinese incentives that benefit steel, aluminum, and copper exports. The economic response includes import duties of 266% on imported Chinese cold-rolled steel, and seven new investigations targeting government subsidies of Chinese goods. India and Australia are challenging China as well, launching their own investigations and raising import
Aluminum Use in Vehicles Increasing
Aluminum Use on the Rise To convert vehicles to aluminum, Ford is estimated to spend $1 billion retooling its facilities in Dearborn, Michigan, and Kansas City, Missouri, said Vince Pavlak, a partner advisory at KPMG, who also spoke during the Wednesday session. Later this year, Ford is coming out with the all-aluminum Super Duty truck.1
Scrap Metal Market: May 2016
Scrap Metal Market Trends Scrap metal prices for crushed autobodies have slightly increased 17.60% over the past month (see April 2016 Scrap Metal Market Watch), and a small uptick of 3.62% over the past year. Over the past month, the automotive industry has struggled to look for an innovative response to continued devaluation. The downward