This morning in metals news, China’s May steel output surged, Thyssenkrupp named a new chairman of the executive board of its steel business and President Donald Trump continues to push for approval of the United States-Mexico-Canada Agreement (USMCA). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Output Soars […]
Lisa Reisman
This Morning in Metals: Sliding Oil Price Gets a Jolt After Suspected Tanker Attacks
This morning in metals news, the oil price could slide further, Liberty Steel made an acquisition in Pennsylvania, and the E.U. adopted binding targets for zero- and low-emission vehicles in public procurement. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Oil Price Slide After rising to around $75/barrel in April, […]
Renewables MMI: Plate Prices Fall, Glencore Enters Cobalt Supply Agreement
The Renewables Monthly Metals Index (MMI) ticked up one point this month, rising to a June MMI value of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore, Umicore Reach Cobalt Supply Agreement As we reported last month, miner Glencore reached an agreement with Umicore in which it would supply […]
This Morning in Metals: ArcelorMittal CEO Wants E.U. to do More to Combat U.S. Tariffs
This morning in metals news, ArcelorMittal’s CEO urged the E.U. to do more to combat the effects of the U.S.’s Section 232 steel tariff, April steel shipments fell 1.4% and China’s Ministry of Commerce said the U.S. is not being taken advantage of on trade. Need buying strategies for steel? Request your two-month free trial […]
Raw Steels MMI: Weak U.S. Prices Lead Subindex Drop
The Raw Steels Monthly Metals Index (MMI) came in at 76 this month, a 5% drop, after several months of sideways movement and a May reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices formed a clear downward price trend. A mix of factors led […]
Stainless MMI: LME Nickel, Stainless Surcharges Fall Back
The Stainless Steel Monthly Metals Index (MMI) dropped two points again this month, now down to 67. The index stayed relatively flat during the past few months since jumping in February from 61 to 68. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Several prices in the index dropped significantly […]
This Morning in Metals: U.S. Steel Sector’s Capacity Utilization Reaches 81.5%
This morning in metals news, U.S. steel mills churned out steel at a capacity utilization rate of 81.5%, the E.U. officially blocked the proposed joint venture of the European operations of Tata Steel and Thyssenkrupp, and the Aluminum Association is looking for a new CEO. Need buying strategies for steel? Request your two-month free trial […]
Global Precious MMI: Platinum-Palladium Price Spread Widens
The Global Precious Monthly Metals Index (MMI) fell one point for a June MMI reading of 93, marking the third consecutive month of decline for the MMI. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Platinum-Palladium Spread Contrary to historical trends, the palladium price has soared past the platinum price […]
Rare Earths MMI: China’s Rare Earths Dominance Takes Center Stage
The Rare Earths Monthly Metals Index (MMI) picked up three points, rising to a June MMI value of 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Rare Earths In light of last month’s developments in the long-running U.S.-China trade talks, MetalMiner’s Stuart Burns delved into what could be a […]
This Morning in Metals: LME Announces Next Steps Toward LME Contract
This morning in metals, the London Metal Exchange announced a new partnership that aims to promote “market uptake of a transparent and representative global lithium price,” President Donald Trump backs off imposing a 5% tariff on all imports from Mexico and China’s May copper imports dropped. Need buying strategies for steel? Request your two-month free […]
