This morning in metals news, Ford Motor Co. announced an investment in its Chicago plants, industry group American Iron and Steel Institute (AISI) reiterated its support for the Trump administration’s Section 232 steel tariffs and finished steel imports through the first 11 months of 2018 were down 10.8% year over year. Need buying strategies for […]
Lisa Reisman
Talking Tariffs, Part 2: Section 232 History Since 1962
[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The […]
This Morning in Metals: ArcelorMittal Sees Lower 2019 Steel Demand in China
This morning in metals news, ArcelorMittal on steel demand in China (and elsewhere), copper lost ground after several upward sessions in a row and Mexico’s steel industry is not happy with the government’s decision to not renew steel safeguards protecting against steel from countries with which Mexico does not have a trade agreement. Need buying […]
Raw Steels MMI: Steel Prices Continue to Decline, Iron Ore Surges After Vale Dam Breach
The Raw Steels Monthly Metals Index (MMI) posted a one-point increase this month, moving to an MMI reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As reported last month, steel prices continued to fall from their historically high levels reached back in the spring of 2018. CRC and […]
Talking Tariffs, Part 1: Tariff Impact Studies Rely Upon Questionable Assumptions
[Editor’s Note: This is the first part of a three-part series that will analyze the state of mainstream perspectives of the impact of tariffs, as well as delve further into the history of Section 232 and China’s role in the current trade dialogue.] — Consultants internally often pose a question to one another – do […]
This Morning in Metals: Copper Ticks Up, the State of the Union and Nippon Results
This morning in metals news, copper rises for third straight session, President Donald Trump’s State of the Union addresses China, NAFTA and more, and Japan’s Nippon Steel & Sumitomo Metal Corp. reported its quarterly earnings. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Picks Up According to Reuters, the copper […]
Rare Earths MMI: Canadian, Australian Firms Join Forces for Canadian Rare Earths Project
The Rare Earths Monthly Metals Index (MMI) showed no movement this month, sticking at 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Joining Forces A Canadian company and an Australian company are joining forces on a rare earth elements project in Canada’s Northwest Territories. In late January, Canadian […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]
This Morning in Metals: Steel Mills’ Capacity Utilization Rate Hits 80.5%
This morning in metals news, U.S. steel mills’ capacity utilization rate inched up this past week, India’s steel sector looks to the government for protection from diverted steel, and the Office of the United States Representative (USTR) released its annual report on the WTO compliance of China and Russia. Need buying strategies for steel? Request […]
