This morning in metals news, the U.S. and China trade tariff jabs, the steel import market share numbers for June are in and thyssenkrupp CEO Heinrich Hiesinger offers his resignation just days after the German firm’s finalization of a merger deal with Tata Steel. Need buying strategies for steel? Try two free months of MetalMiner’s […]
Fouad Egbaria
Renewables MMI: Cobalt Price Moves Off Record High
The Renewables Monthly Metals Index (MMI) held steady this month, coming in for a reading of 108 for the second straight month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Cobalt Prices Cobalt prices are notorious for being both high and incredibly finicky given the relative scarcity of supply (not to mention […]
This Morning in Metals: E.U. Approves Provisional Measures to Limit Steel Imports
This morning in metals news, E.U. states have thrown their support behind measures to curb steel imports, Indian steel demand could double by 2025, and copper and zinc prices continue to drop. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Backs Steel Import Curbing Measures E.U. states voted to approve […]
Construction MMI: U.S. Construction Spending Up 0.4% in May
The Construction Monthly Metals Index (MMI) dropped two points, falling for a reading of 93 this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending May construction spending rose 0.4% compared with the revised final estimate for April, according to Census Bureau data released this week. Spending in […]
Automotive MMI: Big Three Companies Post Sales Increases in June
The Automotive Monthly Metals Index (MMI) fell one point this month for a July reading of 103. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales Nonetheless, June was a good month for the top U.S. automakers. General Motors, which this year announced it would only report sales on a […]
A Fourth of July Review: Top Posts of 2018 at the Halfway Point
It’s hard to believe we are already more than halfway through the year, but here we are. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook And what a first six months it has been. From Section 232 tariffs on steel and aluminum, to the ensuing wave of retaliatory tariffs, and burgeoning […]
This Morning in Metals: thyssenkrupp CEO Says Europe Must Protect Steel Industry From China
This morning in metals news, thyssenkrupp CEO Heinrich Hiesinger said European lawmakers need to protect the steel industry from China, copper plummets to a seven-month low and President Donald Trump responded to a European threat of retaliatory tariffs (in response to potential U.S. tariffs on auto imports). Need buying strategies for steel? Try two free […]
GM Says Section 232 Auto Tariffs Would Harm Its Competitiveness
The Trump administration’s Department of Commerce announced in May that it would be using Section 232 once again, this time to investigate imports of automobiles and automotive components. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Secretary of Commerce Wilbur Ross testified before the Senate Finance Committee on June 20, a […]
This Morning in Metals: ThyssenKrupp, Tata Reach Final JV Deal
This morning in metals news, ThyssenKrupp and Tata Steel have come to a final agreement on their joint venture deal, Canada hits the U.S. with tariffs on $13 billion in goods and President Trump says he will not agree to a new deal on the North American Free Trade Agreement (NAFTA) until after the midterm […]
Dropping Zinc Prices Get a Boost From Chinese Smelter Cuts
Not long ago, we mentioned that copper prices had been plunging of late — but the so-called “Dr. Copper” isn’t the only one on hard times. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Zinc has also been trending down this year. LME primary cash zinc opened the calendar year at […]
