This morning in metals news, steelmaker ArcelorMittal has concerns over a new law Italy is set to approve later this month, Vietnam plans to impose anti-dumping duties on coated steel from China and South Korea, and a work stoppage continues at Codelco’s Chuquicamata copper mine in Chile. Need buying strategies for steel? Request your two-month […]
Lisa Reisman
This Morning in Metals: U.S. Steel Announces Idling of Plants
This morning in metals news, U.S. Steel announced it would idle some of its facilities, China has lowered its tariff rates on countries other than the U.S. and General Motors recently announced a $150 million investment in its Flint Assembly plant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
May Housing Starts Fall 0.9% from April; Pending Home Sales Index Drops
U.S. housing starts in May were down once again, falling 0.9% compared with April and down 4.7% from May 2018, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Housing starts in May totaled a seasonally adjusted […]
This Morning in Metals: Trump Says U.S., China to Restart Trade Talks
This morning in metals news, the U.S. and China will resume trade talks, Tokyo Steel announced its first steel price cuts in nearly three years and Rio Tinto recently celebrated the launch of its automated heavy-haul rail network. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trade Talks After last […]
U.S. Steel Mill Production Up 5.9% Through Mid-June
For the year through June 15, U.S. steel mills are outperforming their 2018 production totals by a wide margin. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel mills churned out 45.0 million tons of steel for the year through June 15, according to the American Iron and Steel […]
China Flat-Rolled Steel, Part 2: Weaker Economy Could Dampen Steel Prices
(Editor’s note: This is the second of a two-part series. Read Part 1 here.) The International Monetary Fund (IMF) recently lowered its 2019 growth forecast for China from 6.3% to 6.2%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s current economic slowdown shows in the FXI, a large-cap market […]
This Morning in Metals: Iron Ore Futures Soar to Record High
This morning in metals news, iron ore continues its hot streak, the Chinese government has summoned executives of 48 regional companies to demand they curb pollution from their facilities and a series of Section 301 public hearings kicks off today. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
China Flat-Rolled Steel, Part 1: Prices Weaken as Hot and Rainy Season Begins
(Editor’s note: This is the first of a two-part series examining Chinese flat-rolled steel prices. The first part examines historical steel price trends. The second part, which will be published Tuesday, will cover the economic outlook for China.) Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese steel prices started to […]
The June 2019 MMI Report: Eight of 10 MMIs Post Declines
The June 2019 Monthly Metals Index (MMI) report is in the books. June proved to be a down month for most of the MMIs, with eight of 10 posting declines. Only the Rare Earths and Renewables MMIs posted increases this month. Across the board, metals prices fell last month, including U.S. steel prices. A few […]
Week in Review: MMI Week, U.K.’s Auto Sector and E-Rickshaws
Before we head into the weekend, let’s take a look 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 We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]
