According to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban Development, U.S. housing starts in April fell 2.5% compared with April 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook However, April starts ticked up 5.7% from the previous month. April housing […]
Lisa Reisman
This Morning in Metals: Iron Ore Rises Above $100/Ton
This morning in metals news, the iron ore price continues to rise, China is reportedly in no rush to restart trade talks after the recent exchange of tariffs and Tokyo Steel once again held prices steady. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Breaks Through $100/Ton Barrier […]
Will a Weakening Yuan Result in Rising CRC Steel Imports from China?
In recent weeks, the Chinese yuan (CNY) has weakened against the U.S. dollar (USD). A weaker yuan makes imports cheaper, all other things holding equal. As we can see in this chart, during the past couple of weeks the yuan weakened back to roughly December levels. Will this currency change result in surging steel imports […]
One of Two Embargoes Lifted on Norsk Hydro’s Alunorte Alumina Refinery
A federal court in Brazil lifted one of two production embargoes on Norsk Hydro’s Alunorte alumina facility, as the Norwegian firm angles to bring the facility back to full capacity. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In October, Brazil’s Institute of Environment and Renewable Natural Resources lifted its embargo […]
Week in Review: Steel Prices, Sustainable Mining and the Fall of the Tata-Thyssenkrupp JV
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 MetalMiner’s Belinda Fuller’s Raw Steels MMI report runs down the month in the raw steels sector. The […]
This Morning in Metals: Iron Ore Soars After Vale Warning
This morning in metals news, the iron ore price continues to rise, the U.S. cut its import tariff on Turkish steel in half and copper is on its way to its fifth consecutive weekly loss. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises After Vale Warning The […]
Automakers Get Temporary Reprieve as Trump Delays Section 232 Auto Tariff Decision
Automakers and consumers fearing a new U.S. tariff on imported automobiles and automotive parts breathed a sigh of relief on Friday when President Donald Trump announced he would delay his decision on the matter for up to six months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The U.S. Department […]
Is it Time to Call a Bear Market for Industrial Metals?
While industrial metals started 2019 in an upward trend, the complex showed weakness as 2019 progressed. In fact, all of the industrial metals hit down around current support levels — and lower at times — during the past few weeks. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook With industrial […]
This Morning in Metals: Section 232 Auto Tariff Decision Delayed
This morning in metals news, the May 18 deadline for the president’s decision on potential new automotive tariffs is being pushed back up to six months, Chinese iron ore futures rose to a record high and the Trump administration reversed an Obama-era pause on mining in a northeastern Minnesota wilderness area. Need buying strategies for […]
ILZSG: 2019 Forecast Includes Global Lead Surplus, Zinc Deficit
The International Lead and Zinc Study Group (ILZSG) released its most recent 2019 forecast for lead and zinc, forecasting a lead surplus, while zinc demand is forecast to exceed supply. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Lead Surplus The ILZSG forecast a lead surplus of 71,000 tons in […]
