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55recyclinginternational.com | September/October | 2020
ferrous
White House, this 60-year-old legisla-
tion had been little used but he
invoked it in March 2018 for steel and
aluminium imports. Tariffs for Canadian
primary aluminium had been reinstated
in August following concerns about
import surges. But they were removed
in mid-September shortly before
Canadian Prime Minister Justin
Trudeau was due to announce retalia-
tory measures on aluminium products
from the US. This could change yet
again: the US warned it would continue
to watch imports closely and the
Canadian government said they would
be ready to retaliate if tariffs were rein-
stated.
The US has also reduced 232 quotas
for imports of semi-finished steel prod-
ucts from Brazil. Producers of slab and
billet are permitted to export up to 60
000 tonnes of such products to the US
in Q4 whereas the previous limit was
350 000 tonnes. Existing existing quo-
tas for other steel products are being
maintained and the semi-finished steel
quota for 2021 will be reviewed in
December.
This development came after talks
were concluded between the US and
Mexico over standard pipe, mechanical
tubing, and semi-finished products.
The Office of the US Trade
Representative announced: ‘Mexico
will establish a strict export-monitoring
regime for these products through 1
June 2021 and closely monitor ship-
ments during this period. The United
States will maintain the Section 232
duty exemption for imports of these
products and will consult with Mexico
in December to discuss the state of
trade in the relevant products in light
of market conditions at that time.’
SHIPPING lINES BENEfIT
The Wall Street Journal reported the
coronavirus pandemic had benefitted
shipping lines that were expected to
make a collective profit of US$ 11 bil-
lion (EUR 9 billion) this year.
Initially, it says, ‘aggressive cutbacks in
operations’ kept the supply of vessels
tied closely to the diminishing demand.
‘The result has been solid freight rates
that have been growing with econo-
mies now opening up and companies
looking to restock.’ WSJ points out this
emphasis on tightly managed capacity
departs from strategies in earlier
downturns and it remained to be seen
whether the carriers can maintain this
approach in a growing market.
Alphaliner, an online based tool provid-
ing data for liner market services, has
reported that the number of idle ves-
sels is the lowest since January.
Contact us（China ）
Contact us（USA ）
E-Mail: [email protected]
E-Mail: [email protected]
web: zzsnewell.com
web: newellequip.com
China Recycling Newell Equipment (CRNE) is a joint venture between China Recycling Development Corporation Ltd and Newell Recycling
Equipment LLC of USA. CRNE inherits Newell’s more than 60 years of experience in designing and producing scrap steel shredders, materials
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order to provide users with high performance, cost-efficiency, and high return on investment products.
Our transportable shredder is fully operational
10 days after delivery to the customer’s worksite.
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through extensive testing in the factory before
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to meet your business demands.
With more than 60 years of combined experiences
from Newell and Bonny, the advanced
manufacturing technology of the Newell Bonny
material handler is certain to meet the high-yield
demand of shredders.
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manufactures scrap steel shredders ranging
from 500 hp to 11000 hp. Our largest shredder
with 11000 hp can shred 400 tons per hour.
Our machine has already shred 50 million tons
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Since 1959
Continuously improving
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CHINA
RECYCLING
NEWELL
EQUIPMENT
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