This morning in metals news, the U.S.’s trade deficit with China reached an all-time high in 2018, one analyst says there’s a 35% chance U.S.-China trade talks will break down and aluminum maker Norsk Hydro’s technology pilot is up for a Green Award in the category of Innovation of the Year. Buying Aluminum in 2019? […]
Lisa Reisman
Automotive MMI: Auto Sector Awaits Trump Decision on Section 232 Report
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for an MMI value of 93. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales As noted in previous reports, General Motors last year announced a switch from monthly sales reports to quarterly reports. Fellow Big […]
This Morning in Metals: Copper Rises on China’s Stimulus Announcement
This morning in metals news, the copper price picked up steam, the U.S. terminated the status of India and Turkey as beneficiaries of the Generalized System of Preferences (GSP) program, and Vale SA shares fell as the Brazilian miner’s CEO and other executives resigned over the weekend. Need buying strategies for steel? Request your two-month […]
U.S. Steel Mills Reach Capacity Rate of 81.1% for the Year Through March 2
According to the American Iron and Steel Institute’s (AISI) weekly steel production report, U.S. steel mills churned out steel at a capacity utilization rate of 81.1% for the year through March 2. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date production by U.S. steel mills for the year […]
USTR Releases Annual Trade Policy Agenda as China Talks Continue
Trade, trade, trade — that is the order of the day as the Trump administration pursues a trade accord with China and attempts to convince Congress to approve the United States-Mexico-Canada Agreement (USMCA). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook United States Trade Representative (USTR) Robert Lighthizer addressed Congress […]
Spend Matters: The Advantages of the Maker-to-User Model
Not long ago, we at MetalMiner published a white paper on the “maker-to-user” movement — that is, the rise in local sourcing here in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The white paper, which makes reference to the agricultural “farm-to-table” movement, investigates some of the benefits […]
This Morning in Metals: U.S., China Could be Approaching Deal on Tariffs
This morning in metals news, the Wall Street Journal reports the U.S. and China are approaching a deal to roll back tariffs imposed over the last year, the Steel Authority of India Ltd. (SAIL) boosted iron ore production last month and iron ore prices are on the rise. Need buying strategies for steel? Request your two-month […]
Metal Prices Gain Momentum in February
On the heels of the doldrums of December, metals prices have made gains through the first two months in 2019. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook February was an especially strong month for a number of metals. However, markets are especially sensitive to any snippets of news coming out of the […]
Week in Review: ACEA on Section 232, Oil on the Rise and India’s Railways
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 The European Automobile Manufacturers’ Association (ACEA) recently weighed in on the Trump administration’s Section 232 automotive investigation. Both […]
This Morning in Metals: U.S. Agriculture Secretary Makes Case for Steel Quotas on Canada, Mexico
This morning in metals news, U.S. Agriculture Secretary Sonny Perdue is looking to convince President Trump to use quotas instead of standard tariffs on Canada and Mexico, Chinese steel mills are holding off on iron ore restocking amid rising price, and an Italian aluminum plant will be coming back online soon. Need buying strategies for […]