This morning in metals news, U.S. Steel reported its Q2 earnings, Century Aluminum also posted its Q2 earnings and China is preparing $60 billion in retaliatory tariffs against the U.S. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel Posts Strong Q2, But Stock Drops U.S. Steel reported better-than-expected Q2 […]
Fouad Egbaria
Construction MMI: June Spending Falls 1.1% From Previous Month
The Construction Monthly Metals Index (MMI) lost three points this month, hitting 90 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending, Employment According to U.S. Census Bureau data, U.S. construction spending in June fell 1.1% from the previous month. Spending in June hit $1,317.2 billion, […]
This Morning in Metals: USTR to Consider Tariff Rate Bump on $200B China Import List
This morning in metals, United States Trade Representative Robert Lighthizer released a statement regarding the news of a potential increase in the tariff rate on the previously proposed list of $200 billion worth in Chinese goods, China responds and Secretary of Commerce downplays the potential impact of the tariffs. Need buying strategies for steel? Try […]
This Morning in Metals: U.S. Could Increase Tariff Level on Proposed $200B List of Chinese Imports
This morning in metals news, media reports indicate President Donald Trump could up the ante regarding a previously announced $200 billion tariff proposal, ArcelorMittal announced strong second-quarter financial numbers and Mexican officials are optimistic about reaching a deal on a renegotiated North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free […]
Glencore Releases Half-Year Production Report
Multinational miner Glencore plc released its half-year production figures Wednesday, showing a ramp-up in copper and cobalt production. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Glencore posted own source production of 696,200 tons of copper in H1, up 8% from H1 2017. Copper production from Glencore’s African operations (Katanga, Mutanda and Mopani) hit […]
Gold Has Tough First Half in Tandem With Strengthening U.S. Dollar
No one can say the first half of 2018 was not an impactful time for metals markets, including safe-haven assets like gold. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The World Gold Council’s first-half outlook report details the market forces at work behind the gold price’s recent drop, but also […]
This Morning in Metals: AIIS Seeks Funds for Section 232 Lawsuit
This morning in metals news, a trade association looks to raise money to support its lawsuit against the Section 232 steel tariff, Honda’s quarterly earnings hit a 12-year high and the oil price’s recent dip may just be temporary. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook American Institute for International […]
Global Crude Steel Production Rises 5.8% Year-Over-Year in June
World crude steel production in June jumped 5.8% compared with June 2017, according to a recent World Steel Association report. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Production among the 64 countries reporting to the association amounted to 151.4 million tons (MT) in June. For the first six months of […]
This Morning in Metals: Chinese City Prepares Steel Output Cuts
This morning in metals news, a Chinese city in Jiangsu province plans to enforce steel and chemical output cuts, U.S. companies requesting exclusions from the Section 232 steel tariff are feeling the heat and countries around the world are meeting to discuss a potential response should the U.S. impose automotive tariffs. Need buying strategies for […]
PwC Report: Metals Sector M&A Activity Cools as Trade Tensions Heat Up
According to a recent PwC report, mergers and acquisitions (M&A) activity in the metals sector slowed in Q2 2018, in tandem with an escalation in global trade tensions. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “Deal activity, particularly crossborder, may remain stagnant until the angst caused by the global trade […]
