This morning in metals news, a Brazilian federal court lifted the final remaining embargo on Norsk Hydro’s DRS2 bauxite residue deposit area, Brazilian miner Vale announced plans to invest in a number of Brazilian communities and Brent crude oil prices fell this week. Keep up to date on everything going on in the world of […]
Lisa Reisman
This Morning in Metals: U.S. Steel Imports Down 13.6% This Year
This morning in metals news, U.S. imports of steel through the first eight months of the year are down 13.6%, Rio Tinto signed a memorandum of understanding (MOU) with China’s largest steel producer and LME copper prices fell Thursday. Keep up to date on everything going on in the world of trade and tariffs via […]
Chinese Currency Devaluation Helps Reverse the U.S.-Chinese Steel Price Spread
The primary reason to pay attention to Chinese steel prices pertains to the country’s price leadership in the global marketplace. However, since currency dynamics shifted recently, now is a good time to take a more tactical look at the U.S.-China steel price spread. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: U.S. Steel Imports Fall in August
This morning in metals news, U.S. steel imports fell in August compared with July, House Speaker Nancy Pelosi called for the beginning of an impeachment inquiry of President Donald Trump and Indian mining companies are concerned about the impending expiration of leases for non-captive iron ore mines. Keep up to date on everything going on […]
U.S. Steel Production Falls, Capacity Utilization Drops to 80.6%
While U.S. steel production continues to remain up in the year to date compared with last year, production has slowed of late. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Year-to-date steel production (through Sept. 21, 2019) reached 70.77 million net tons at […]
This Morning in Metals: Rio Tinto to Offer Responsibly Produced Aluminum
This morning in metals news, Rio Tinto will offer independently certified and responsibly produced aluminum, Norsk Hydro hosts Investor Day and copper prices move upward. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Rio Tinto to Offer Responsibly Sourced Aluminum As MetalMiner’s Stuart […]
Global Copper Mine Production Down 1.4% in 1H 2019
Copper prices have been sliding this year, with the average LME cash price in August of $5,707.98/mt down 3.9% from a July average of $5,939.85/mt. Global copper mine production is also down. Through the first half of 2019, copper mine production was down 1.4% compared with the first half of 2018, according to a report […]
This Morning in Metals: UAW Members Ratify Labor Deal for AK Steel’s Coshocton Works
This morning in metals news, members of the United Automobile Workers (UAW) union approved a new labor deal at AK Steel’s Coshocton works, the International Aluminum Institute recently released aluminum production totals for August, and the U.S. and China held deputy-level trade talks late last week. Keep up to date on everything going on in […]
Earnings Suffer as U.S. Steel Companies Face Falling Steel Prices
Earnings guidance recently released by U.S. steel companies have a common denominator: the impact of falling steel prices. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Last year, upon the Trump administration’s implementation of Section 232 steel tariffs, domestic steel prices surged. However, since mid-2018, steel […]
U.S Housing Starts Rise 12.3% in August
August proved to be a strong month for housing starts in the U.S. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Privately owned housing starts reached a seasonally adjusted annual rate of 1.36 million in August, up 12.3% from the July revised estimate […]
