Canada's exports of aluminum scrap to the U.S. surged by nearly 300% in the second quarter
According to the latest data from the US Geological Survey, in the first half of the year, Canada exported 157,000 tons of aluminum scrap to the United States, a year-on-year decrease of 17.37% from 190,000 tons in the same period last year.
According to Nonferrous Metals, in the second quarter, Canada exported 67,400 tons of scrap aluminum to the United States, and only 17,000 tons in the first quarter. The sharp increase in exports in the second quarter was due to the impact of the new crown epidemic in Canada's domestic demand, but the output of domestic producers remained stable.
The increase in export production to the United States prompted the US government to make a decision in mid-August to restore an additional 10% tariff on aluminum imported from Canada. Trump accused Canada of unprocessed raw material aluminum products rampant in the United States. The Aluminum Association of Canada, which holds the opposite opinion, believes that the surge in shipments of Canadian aluminum exports to the United States is still within the historical normal range.
In June, Canada exported 30,600 tons of aluminum scrap to the United States, 19,800 tons in May, 17,000 tons in April, and 5490 tons in March.
However, as the Canadian government retaliated, on September 15th, just more than 20 days later, the Trump administration announced that it would withdraw its previous decision to resume the 10% tariff on Canadian aluminum. According to plan, Canada's multi-billion dollar anti-aluminum tariff measures against the United States will take effect on September 16.
Soon after the Trump administration announced its decision, Canada also gave up the threat of retaliatory tariffs on American aluminum products. From political leaders in Canada to aluminum producers, everyone welcomed the US decision.
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