The Construction Monthly Metals Index (MMI) held flat at 81 for the July MMI reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in May totaled an estimated $1,293.9 billion, according to the U.S. Census Bureau, marking a 0.8% decline from April’s $1,304.0 billion. The […]
Lisa Reisman
Automotive MMI: June Sales a Mixed Bag for Automakers
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for a reading of 87. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors reported Q2 deliveries of 746,659 vehicles, marking a 1.5% decline on a year-over-year basis. GM’s chief economist said U.S. light-vehicle […]
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
Lead, Zinc Post Supply Deficits Through First Four Months of 2019
According to the International Lead and Zinc Study Group’s (ILZSG) most recent report, the global lead and zinc markets both were in deficit through the first four months of the year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc Deficit Hit 97,000 Tons Global refined zinc supply fell short […]
This Morning in Metals: G20 Wary of Slowing Growth, Calls for ‘Free, Fair’ Trade
This morning in metals news, world leaders gathered in Japan this weekend for the G20 Summit, a deadline for bidding on the liquidated British Steel came and went June 30, and Australia’s iron ore exports are forecast to fall for the first time in 18 years. Need buying strategies for steel? Request your two-month free […]
ICSG: Global Copper Mine Production Falls 1.3% in Q1 2019
According to the International Copper Study Group’s (ICSG) most recently monthly report, global copper mine production dropped 1.3% in Q1 2019 compared with the same quarter the previous year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In addition, concentrate production fell 1% and solvent extraction-electrowinning fell 3.5%. Top copper […]
EUROFER President: Challenges Threaten to ‘Erase’ E.U. Steel Industry
The European steel sector is facing an existential threat based on a variety of factors, according to the president of the European Steel Association (EUROFER), who spoke at the group’s annual conference June 26. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The issue of rising imports has been a […]
Week in Review: The U.S. Dollar, Iron Ore and MetalMiner’s Trade Resource Center
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Belinda Fuller touched on the U.S. dollar’s impact on precious metals prices. Sticking with currency issues, Stuart […]
This Morning in Metals: Strike Ends at Coldelco’s Chuquicamata Copper Mine
This morning in metals news, a workers’ strike came to an end at top copper producer Codelco’s Chuquicamata mine in Chile, South Korean steelmakers Posco and Hyundai Steel are facing government shutdown orders at some locations over emissions, and the liquidated British Steel has attracted some interest before a June 30 bid deadline. Need buying […]
This Morning in Metals: Copper Flat Ahead of Trump-Xi Meeting
This morning in metals news, the copper price didn’t budge Thursday ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, Nucor announced a price hike for flat-rolled steel products, and automaker Tesla won a tariff exemption on aluminum imported from Japan. Need buying strategies for steel? Request your two-month […]
