The Automotive Monthly Metals Index (MMI) held flat this month, sticking at a reading of 92. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors reported U.S. deliveries of 2.95 million vehicles in 2018, including more than 1 million crossovers, almost 974,000 pickup trucks and more […]
Lisa Reisman
This Morning in Metals: ‘Much Work Remains’ in U.S.-China Trade Talks
This morning in metals news, the White House released a statement about the recent round of trade talks with China, Zambia plans to enforce a copper import tax and Australian miner Fortescue says the impact of a dam breach at one of Vale’s Brazilian iron ore mines remains unclear. Need buying strategies for steel? Request […]
A Look at China’s Slowing Economic Growth Vis-a-Vis the Metals Market
China is one of the most-watched economies in the world because its health ties in heavily with overall global economic growth. Further, there is a strong correlation between the Chinese economy as an industrial metals demand generator and the primary metals market outlook. MetalMiner has always followed some Chinese indicators in order to completely understand […]
Week in Review: Steel Production, Earnings Reports and Gold
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: Global crude steel production rose 4.6% year over year in 2018, while China’s piece of the pie grew. A dam breach at Brazilian miner Vale’s Corrego do Feijao iron ore […]
This Morning in Metals: Trump Signs ‘Buy American, Hire American’ Executive Order
This morning in metals news, President Donald Trump signed an executive order Thursday pushing for increased use of domestic materials and labor, miner Glencore released its full-year production results for 2018, and the latest on the deadly dam breach at Vale’s Corrego do Feijao mine. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Copper Hits Seven-Week High
This morning in metals news, copper gains momentum, Japan’s steel federation thinks domestic output will grow this year and U.S. Steel will have to pay at least $40 million to repair one of its facilities after a fire. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Reaches Seven-Week […]
Earnings Roundup: U.S. Steel, Nucor and Tesla
U.S. Steel, Nucor Corporation and Tesla all reported financial results on Wednesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Let’s take a quick look at the earnings pictures for each. U.S. Steel U.S. Steel reported full-year net earnings of $1,115 million for 2018, up from $387 million in 2017. […]
This Morning in Metals: Iron Ore Buyers Could Look to Australia After Vale Disaster
This morning in metals news, buyers are turning to Australia after a dam breach at one of Vale’s Brazilian iron ore operations, U.S. Sen. Chuck Grassley (R-Iowa) said the Trump administration should lift its Section 232 tariffs before the United States-Mexico-Canada Agreement (USMCA) is ratified and U.S.-China trade talks are set to resume this week. […]
AK Steel to Close ‘Largely-Idled’ Ashland Works by End of 2019
AK Steel on Monday reported its Q4 2018 and full-year earnings, posting net income of $33.5 million in the fourth quarter and adjusted net income of $48.0 million (compared with a loss in Q4 2017). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For the full year, AK Steel reported […]
This Morning in Metals: Metals to Post ‘Modest Rebound’ in 2019, Per Reuters Poll
This morning in metals news, copper and other metals will bounce back modestly in 2019 (according to a Reuters poll), AK Steel surged during after hours Monday and the Office of the United States Trade Representative (USTR) is holding a public hearing today on trade negotiation objectives for a potential bilateral U.S.-U.K. trade agreement. Need […]