SMM7 March 30: exports of commodity-grade aluminum ingots to the United States fell 28% in July, to 112000 tons from 155000 tons in June, the Alcan Association said.
Alcan says Canadian aluminum production and exports are beginning to rebalance. From July 15th, Canada asked the United States to be patient and warned of retaliation in the tariff dispute. The Canadian Association says manufacturers are starting to shift from raw material manufacturing to more value-added products.
If the United States takes measures such as tariffs, the government will only raise the prices of North American manufacturers and consumers who buy their products, while making room for metals in other countries, such as Russia and China.
Note: from June 23, the United States is preparing to impose another 10% tariff on aluminum from Canada.
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