This morning in metals news, MetalMiner now has a trade-centered news portal, the European steel sector is demanding tougher safeguards and the copper price posted gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner Trade Resource Center Tariffs, trade deals and trade wars — the world is abuzz these […]
Lisa Reisman
U.S. Steel Imports Fall 12% in Year to Date; Import Market Share Drops to 19%
Through the first five months of 2019, U.S. steel imports were down 12% compared with the equivalent period in 2018, the American Iron and Steel Institute (AISI) reported Tuesday. According to AISI — citing Census Bureau data — the U.S. imported 2.06 million net tons of steel in May 2019, which marked a 38.2% decrease […]
Global Aluminum Production Hits 5.43 Million Metric Tons in May
According to the International Aluminum Institute, global aluminum production in May reached 5.43 million metric tons, holding flat from May 2018 production. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook By region, China led the way with 3.09 million metric tons produced, about flat compared with May 2018 production. Elsewhere, Asian production ex-China […]
This Morning in Metals: Asian Stocks Fall Ahead of Much-Anticipated Trump-Xi Meeting
This morning in metals news, stocks in Asia fell Tuesday, Chinese steel prices continued recent gains and U.S. Steel named a new chief information officer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Asian Stocks Slide Shares in Asian companies fell Tuesday ahead of a meeting scheduled for later this […]
World Steel Association: Global Crude Steel Production Rises 5.4% in May
Global crude steel production in May rose 5.4% compared with May 2018, the World Steel Association reported Monday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the World Steel Association, the 64 countries reporting production data produced 162.7 million tons in May, up from 154.5 million tons in […]
This Morning in Metals: Supreme Court Won’t Hear Challenge to Trump’s Section 232 Steel Tariffs
This morning in metals news, the Supreme Court will not hear a challenge to President Donald Trump’s Section 232 steel tariffs, Chinese steel prices made gains Monday and the U.S. is mulling a ban on 5G technology manufactured in China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supreme Court […]
A Shifting U.S. Dollar Could Impact Precious Metals Prices
Several years ago, analysts and mainstream publications once speculated the yuan would eventually replace the U.S. dollar as the world’s reserve currency. But with most commodities still priced in U.S. dollars, especially oil, the U.S. dollar has remained the world’s reserve currency. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Week in Review: Steel Prices in China, U.S. Housing Starts and USMCA
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 In case you missed it, MetalMiner’s June 2019 Monthly Metals Index report is out. MetalMiner’s Belinda Fuller […]
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
Mexico Becomes First Country to Ratify USMCA; U.S., Canada Approvals Pending
Quite a bit has happened since late November, when the leaders of the U.S., Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA), the intended successor to the North American Free Trade Agreement (NAFTA) and sometimes dubbed “NAFTA 2.0.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More recently, President […]