This morning in metals news, U.S. steel shipments in November surged on a year-over-year basis, the next chief of Nippon Steel and Sumitomo Metals Corp. hopes to make the company the world’s No. 1 producer and U.S.-China trade talks could formally continue later this month. Need buying strategies for steel? Request your two-month free trial […]
Lisa Reisman
GOES MMI: Spot GOES M3 Prices Hold Steady While Europe Acts on Section 232
The partial government shutdown has meant large power equipment manufacturers and their suppliers can submit exclusion requests and comments, but the government’s main site that tracks such requests, regulations.gov, has not been updated since the shutdown began Dec. 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Meanwhile, large power […]
This Morning in Metals: Copper Prices Make Gains as Dollar Weakens
This morning in metals news, copper prices are buoyed by a softening U.S. dollar, Dalian iron ore drops and trade ministers from the U.S., Japan and the European Union met in Washington, D.C. yesterday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Rise The price of copper has […]
This Morning in Metals: U.S., China Conclude Round of Trade Talks This Week
This morning in metals news, trade delegations from the U.S. and China concluded talks this week, the E.U. is expected to impose steel import curbs and copper rises to a one-week high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S-China Trade Talks The new year has begun with dialogue. […]
Stainless MMI Loses Nearly 8% as LME Nickel, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) dropped five points this month, losing 7.6% and currently standing at a value of 61. The current index sits just above the August 2017 level of 59 points, when LME nickel prices touched support and rebounded. The drop came as a result of lower LME nickel prices and […]
Aluminum MMI Falls as LME Prices at Whim of Trade Uncertainty
The January Aluminum Monthly Metals Index (MMI) fell 3.4% this month, coming in at a value of 85. The index fell 3 points from December’s reading and has returned to a low not seen since February 2017 when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook […]
Raw Steels MMI: Domestic U.S., China Steel Prices Still Falling
The Raw Steels Monthly Metals Index (MMI) fell again this month, dropping to 79 points. The current MMI index has fallen toward October 2017 levels of 79, before global steel prices started to rise sharply. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The recent slowdown in domestic steel price […]
Copper MMI Drops as Chilean Production Reaches Historic High
In January, the Copper Monthly Metals Index (MMI) dropped 3.9%, falling back 3 points to the November 2018 level of 74. Lower LME copper prices drove the index lower. Need buying strategies for copper? Request your two-month free trial of MetalMiner’s Outlook Similar to other base metals, LME copper prices fell in December. LME copper prices […]
Rio Tinto Deploys Autonomous Train Network at Iron Ore Operations
Miner Rio Tinto has deployed what it hails as the “first automated heavy-haul, long distance rail network.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The rail network is guided by what is billed as the world’s largest robot, called AutoHaul. “The safe and successful deployment of AutoHaul™ across our […]
Revisiting the Link Between Data and Risk Mitigation in a World of Tariffs
Editor’s Note: This piece was originally published Aug. 15, 2018. The Trump administration’s Section 232 investigation led to new steel and aluminum tariffs on China, but an even bigger trade decision is looming. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In August 2017, the Office of the U.S. Trade Representative […]
