The U.S. Trade Representative (USTR) Robert Lighthizer delivered the Trump administration’s Trade Agenda Policy and Annual Report to Congress yesterday, outlining the administration’s trade goals as it looks to tweak — or even radically change — the U.S.-Korea Free Trade Agreement (KORUS) and the North American Free Trade Agreement (NAFTA). Need buying strategies for steel? […]
Fouad Egbaria
Interior Department Seeks Public Comment on Draft List of Critical Minerals
Earlier this month, the U.S. Department of the Interior announced that it is seeking public comment on a recently released draft list of minerals “considered critical to the economic and national security of the United States.” Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook An executive order from President Trump in December directed […]
This Morning in Metals: China Reacts to U.S. Aluminum Foil Ruling
This morning in metals news, China’s Ministry of Commerce expressed displeasure with the U.S. Department of Commerce’s ruling Tuesday on aluminum foil, the European Union will retaliate if the U.S. imposes steel tariffs and the copper price takes a dip. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook China Expresses Dissatisfaction with Aluminum […]
Glencore Releases Preliminary 2017 Financial Numbers
Last week, multinational miner Glencore announced its 2017 preliminary earnings results. “Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses,” CEO Ivan Glasenberg said in a release. Glencore reported an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $14.8 billion, up 44% from 2016. In […]
Steel Imports Rise 17.3% in January from December Data
According to the latest monthly imports report from the American Iron and Steel Institute (AISI), steel imports jumped 17.3% in January from December totals. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Compared with January 2017, however, imports were up 2.2%, according to the AISI report based on U.S. Census Bureau […]
In Final Affirmative Ruling, DOC Calculates Anti-Dumping Rates as High as 109% for Chinese Aluminum Foil
The Department of Commerce on Tuesday issued a final affirmative determination in its anti-dumping and countervailing duty investigation of aluminum foil imports from China. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “This Administration is committed to trade that is fair and reciprocal, and we will not allow American workers and businesses to […]
This Morning in Metals: U.S. Raw Steel Production Picked Up
This morning in metals news, domestic raw steel production for the week ending Feb. 24 was up slightly from the same week last year, Shanghai copper prices drop and Japan’s steel exports rose 24.1% in January. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Raw Steel Production Up 0.7% Year Over […]
Norsk Hydro Bids for Rio Tinto’s Iceland Aluminum Plant
Norwegian firm Norsk Hydro announced Monday that it had put in a bid for Rio Tinto‘s aluminum plant in Iceland, according to a company release. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “We see great potential in exchanging competence and technology elements between our aluminium plants,” said Hilde Merete Aasheim, head of […]
This Morning in Metals: China’s Extension of Production Cuts Boosts Steel, Iron Ore Futures
This morning in metals news, the extension of pollution-curbing efforts in China is offering a boost to iron ore and steel futures, an Australian steel company is nervous about the possibility of Section 232-related steel tariffs from the U.S., and Mexico fined a steel company for stock manipulation. Need buying strategies for steel? Try two […]
Week in Review: Aluminum Prices, Section 232 Analysis and the VIX
Before we head into the weekend, let’s take a look back at the week that was and some of the stories here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook What’s up with aluminum? After a strong 2017 the metal hasn’t seen as much upward movement as some other […]
