This morning in metals news, Nucor announced a major investment toward a new steel plate mill in Brandenburg, Kentucky, steel CEOs ask the Trump administration to maintain the Section 232 duty on steel, and copper prices moved up as U.S.-China trade talks resumed today. Need buying strategies for steel? Request your two-month free trial of […]
Lisa Reisman
U.S. Finished Steel Import Market Share Rises to 25% in January
The U.S. imported a total of 3.48 million tons of finished steel in January, the American Iron and Steel Institute (AISI) reported this week (based on U.S. Census Bureau data). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The January import total marked a 20.7% increase from the January 2018 […]
Global Crude Steel Production Rises 4.1% Year Over Year in February
Global crude steel production increased 4.1% in February compared with February 2018 production, according to the World Steel Association’s monthly production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Production Growth Continues Global production hit 137.3 million tons in February, down from 150.3 million tons in January. […]
This Morning in Metals: Bipartisan Congressional Effort Aims for Section 232 Reform
This morning in metals news, Sen. Chuck Grassley (R-Iowa) is leading a bipartisan effort to change how Section 232 works, the OECD Steel Committee warns of a worsening global steel glut and U.S.-China trade talks will resume Thursday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Section 232 Reform As […]
GM Announces $300M Investment Toward Production of New Chevrolet EV
General Motors last week announced it is planning to invest $300 million at a southeast Michigan assembly plant that will produce a new Chevrolet electric vehicle (EV). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “We are excited to bring these jobs and this investment to the U.S.,” GM Chairman […]
U.S. Housing Starts Cool, Falling 8.7% in February
The U.S. Census Bureau and Department of Housing and Urban Development on Tuesday released data on February housing construction, revealing the month was a particularly slow one for new construction. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the joint report, February housing starts reached a seasonally adjusted […]
This Morning in Metals: Industry Groups Call for Removal of Aluminum Tariff
This morning in metals news, the Aluminum Association called for the removal of aluminum tariffs on Canada and Mexico, Norsk Hydro offered another update on its operations one week after it was hit by a cyber attack, and Vale SA’s 4Q 2018 iron ore output increased 8.2%. Aluminum Groups: Remove Aluminum Tariff Before Passage of […]
ICSG: Global Copper Deficit Estimated at 390K Tons in 2018
The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase […]
Trade Court Rejects Legal Challenge Aimed at Undoing President’s Section 232 Powers
The Trump administration scored a trade win in a ruling by the U.S. Court of International Trade (CIT) on Monday, as the three-judge panel rejected a challenge to the constitutionality of the Section 232 statute that yielded duties on imported steel and aluminum last year. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Shanghai Copper Price Plunges
This morning in metals news, the price of copper on the SHFE fell, Australian iron ore exports are impacted by a cyclone and miner Vale SA halted operations at its Alegria iron ore mine. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Falls The Shanghai copper price dropped […]
