EU suggests quotas to persuade US to exempt European steel, aluminium from Section 232 tariffs

A correction has been issued for this article. The update can be found here.

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How much Canadian aluminium is being diverted from the US to Europe, when will it arrive and what impact will it have on premiums? The market appears to be split, but that could all change at the end of June, sources told Fastmarkets in the week to Thursday April 17.
The MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, US cents/lb rationale mistakenly quoted the London Metal Exchange cash/three month spread to be trading at a $0.15 per tonne contango at the time of assessment on Wednesday. That is now corrected to read that it was trading at a $37 per tonne contango at the time of assessment. […]
This article examines trends in CIF aluminium premiums in Mexico and the current dynamics that led to the launch of new references, while highlighting challenges and opportunities in the market to support stakeholders in making strategic decisions in the country
President Trump's recent tariffs, including a 25% levy on imported vehicles, have disrupted the US economy, triggering market turmoil, retaliatory actions and challenges for industries like EVs and battery raw materials. With rising inflation, reduced consumer confidence and a bleak growth outlook, economic pressure continues to mount.
The publication of Fastmarkets’ MB-AL-0343 Aluminium P1020A spot premium, cif main Japanese ports (MJP) assessment for Wednesday April 2 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The following price was affected:MB-AL-0343: Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne The price is a part of the Fastmarkets base metals […]
The Trump administration has introduced reciprocal tariffs, matching about half the rates imposed by US trade partners, with a minimum of 10%, to boost domestic industries and achieve "economic independence." While praised by US steel manufacturers for protecting jobs, the effect on trade relationships with partners like Canada and Mexico remains uncertain.