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 U.S. mines had a productive 2018. Automaker Toyota announced it would be increasing its $10 billion U.S. […]
Lisa Reisman
This Morning in Metals: Raiders’ Las Vegas Stadium Project Faces Steel Delivery Delays
This morning in metals news, an NFL franchise’s new stadium project in Las Vegas is facing delays in steel deliveries, Indonesia and China have taken anti-dumping action against each other’s steel products, and Ford earlier this week announced workers in southeast Michigan will make the automaker’s first autonomous vehicles in 2021. Need buying strategies for […]
This Morning in Metals: Trump Says China Tariffs Could Stay for ‘Substantial Period of Time’
This morning in metals news, President Donald Trump indicated Wednesday the U.S. tariffs on China might not be going away anytime soon, copper prices soared to an eight-month high and an Ohio steel company received a state grant to upgrade a railroad spur. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
Looking Ahead, Part 2: With Steel, What Happens in China Doesn’t Stay in China
[Editor’s Note: This is the second of a two-part series on steel supply and prices. Revisit Part 1 here.] Actual Chinese Steel Prices Looking at longer-term trends in Chinese steel prices, we can see after hitting a low during mid-to-late 2015, prices trended upward overall (with some ups and downs along the way). For example, […]
This Morning in Metals: Australian Firm Makes $575M Offer for Glencore Mine
This morning in metals news, Aeris Resources Ltd. has put in a big offer for a Glencore mine in Australia, trade volumes at the Port of Brownsville increased 6.6% in 2018 and one consultancy says U.S. tariffs on aluminum have actually driven Chinese exports of the metal. Need buying strategies for steel? Request your two-month […]
U.S. Steel Production Through March 16 Up 6.7% Year Over Year
U.S. steel mills produced 1.93 million net tons of raw steel during the week ending March 16, according to the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the week — which came at a capacity utilization rate of 82.9% — was […]
Looking Ahead, Part 1: A Surprising Outlook for Steel Prices in 2020
According to Bank of America Research Analyst Timna Tanners, Steelmageddon looms on the horizon due to massive planned capacity increases in the U.S. steel industry. Her analysis indicates the equivalent of around a 20% capacity increase when aggregating investments across companies and production methodologies over the next few years. Due to the massive ramp-up, the Steelmageddon theory […]
This Morning in Metals: Antofagasta Forecasts Copper Deficit of 100K-300K Tons
This morning in metals news, Chilean miner Antofagasta expects a copper deficit this year, Polish lawmakers have proposed slashing the country’s mining tax and hackers have targeted Norwegian aluminum maker Norsk Hydro. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Deficit Chilean miner Antofagasta forecasts a 2019 copper deficit […]
Norsk Hydro Appoints New CEO as Firm Aims to Restore Alunorte Capacity
Norwegian aluminum maker Norsk Hydro ASA has a new CEO for the first time in a decade. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The firm announced Monday that CEO Svein Richard Brandtzæg will be stepping down after 10 years. Hilde Merete Aasheim, executive vice president and head of Norsk Hydro’s primary metal business […]
This Morning in Metals: Copper Prices Steady to Start the Week
This morning in metals news, copper prices were up slightly Monday, Tokyo Steel held prices steady for the fourth straight month and Rio Tinto responds to criticism about carbon emissions stemming from its customers’ operations. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices LME copper traded up 0.4% […]
