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: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. The European Commission has proposed scaling back a planned increase […]
Lisa Reisman
This Morning in Metals: United Steelworkers Ratify Alcoa Labor Deal
This morning in metals news, members of the United Steelworkers union ratified a new Alcoa labor deal, the European Steel Association (EUROFER) recently released its 2019 European Steel in Figures report and LME copper prices were up Friday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
This Morning in Metals: U.S. Steel Shares Down on Third Quarter Guidance
This morning in metals news, U.S. Steel shares are down over 10% this morning, U.S.-China trade talks resume and the Federal Reserve decided to cut its benchmark interest rate again yesterday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Shares Down on Earnings Guidance U.S. Steel announced it […]
U.S. Steel Sector’s Capacity Utilization Falls to 80.7%
The U.S. steel industry posted a capacity utilization rate of 80.7% for the year through Sept. 14, down slightly from the 80.8% utilization rate for the year through Sept. 7, according to the American Iron and Steel Institute (AISI). Keep up to date on everything going on in the world of trade and tariffs via […]
This Morning in Metals: Federal Reserve Expected to Make Interest Rate Cut
This morning in metals news, the Federal Reserve is expected today to cut interest rates once again, the LME copper price dropped ahead of the Fed’s decision and Steel Authority of India Ltd. (SAIL) shares rose Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Federal […]
GM Strike Could be a Boon to Steel Buyers
Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the […]
The September MMI Report: Stainless MMI Jumps on Rising Nickel Prices
The September 2019 Monthly Metals Index (MMI) report is in the books. This month, three of 10 MMIs increased, while six decreased and one held flat. On the trade front, the U.S. and China are set to resume trade talks, with the U.S. recently deciding to delay a tariff rate increase and China announcing tariff […]
This Morning in Metals: E.U. Trade Commissioner Wants Deal on Aircraft Subsidies
This morning in metals news, E.U. Trade Commissioner Cecilia Malmstrom wants the U.S. to hold off on imposing tariffs in response to the long-running Airbus-Boeing subsidy saga, iron ore prices could continue to plunge and copper prices dipped again Tuesday. E.U. Trade Chief Seeks Deal on Aircraft Subsidies Earlier this year, the United States Trade […]
46,000 GM Autoworkers Begin Nationwide Strike
Thousands of General Motors workers have gone on strike, marking the first nationwide strike at GM since 2007. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! A four-year labor deal between GM and the United Automobile Workers (UAW) union expired over the weekend, with the parties […]
This Morning in Metals: China’s Aluminum Production Falls in August
This morning in metals news, China’s aluminum production dipped in August compared with the previous month, China plans to bring its first domestically developed sources of medical cobalt-60 to the market and copper prices are down. China Aluminum Production Falls China’s August aluminum production fell compared with the previous month, Reuters reported. The country saw […]
