This morning in metals news, copper soared during Q2, Tata Steel is looking for a recovery in the second half of this fiscal year, and aluminum demand in the U.S. and Canada was down by just under 19% through the first four months of the year.
Fouad Egbaria
This Morning in Metals: Labor productivity declines in wide range of manufacturing industries in 2019
This morning in metals news, productivity was down for a number of manufacturing industries last year, BHP has executed its first blockchain iron ore trade with China’s Baosteel and copper prices continue to surge.
Webinar: MetalMiner’s Lisa Reisman, Don Hauser on metals buying strategies during volatile markets
If you are a metals purchaser, it is imperative to mitigate risk and keep costs down whenever possible. Of course, volatile market conditions can very quickly disrupt a buying organization’s approach, whether it’s due to the imposition of new tariffs, the coronavirus outbreak or the oil price plunge (just to name a few recent events […]
Week in Review: Industrial production rises; Liberty Steel invests in the future; MW aluminum premium spikes
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
This Morning in Metals: Aluminum sector CEOs express opposition to return of Section 232 aluminum tariff for Canada, Mexico
This morning in metals news: CEOs across the aluminum industry supply chain sent a letter to United States Trade Representative Robert Lighthizer to voice their opinion about a potential reimposition of aluminum tariffs on aluminum from Canada and Mexico; the International Aluminum Institute recently released global production figures for May; and the Energy Information Administration […]
This Morning in Metals: Per BEA’s latest estimate, U.S. GDP fell 5.0% in Q1
This morning in metals news, the Bureau of Economic Analysis (BEA) released its third estimate vis-á-vis Q1 GDP growth, a power outage impacted Norsk Hydro’s Paragominas operation in Brazil and gold prices have surged to an eight-year high.
‘A crisis like no other’: IMF revises 2020 global growth forecast down to -4.9%
The International Monetary Fund’s (IMF) most recently updated global growth forecast is gloomier than the last. The IMF forecast global growth of -4.9% for 2020, down from the -3.0% forecast previously released in April.
This Morning in Metals: U.S. steel imports down 19.2% through May
This morning in metals news: U.S. steel imports were down by nearly one-fifth during the January-May period; India has imposed duties on some steel products imported from China, Korea and Vietnam; and imports of oil country goods are down significantly this year.
USITC: Imports of collated steel staples from China injure U.S. industry
The United States International Trade Commission voted unanimously in its anti-dumping and countervailing subsidy review of imports of Chinese collated steel staples, concluding the imports are injurious to U.S. industry.
Global copper mine production rises 0.5% in Q1; Q2 price rally continues
According to the most recent data released by the International Copper Study Group, global copper mine production rose 0.5% in the first quarter of 2020 compared with Q1 2019.