This morning in metals news, the LME copper price fell Thursday, miner Antofagasta downgraded its 2018 copper production guidance and Norsk Hydro says the global aluminum market is moving toward a deficit. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Slides The LME copper price dropped to a two-week low […]
Lisa Reisman
This Morning in Metals: POSCO Reports Strongest Quarter Since 2011
This morning in metals news, Korean steelmaker POSCO posted its highest quarterly earnings in seven years, Caterpillar cites tariffs are part of the reason for its slide and a German metals distributor’s third-quarter earnings were boosted significantly by higher prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook POSCO Earnings […]
DOC Issues Preliminary Determination in CVD Investigation of Chinese Steel Propane Cylinders
The U.S. Department of Commerce (DOC) earlier this week issued an affirmative preliminary determination in its countervailing duty investigation of imports of steel propane cylinders from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The DOC determined Chinese exporters of steel propane cylinders received countervailable subsidies ranging from 42.77% […]
Palladium Price Continues to Soar
With just over two months left in the calendar year, one can look back and see what a bumpy road it has been for some metals. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not so for palladium. The platinum-group metal (PGM) hit a record high Tuesday, Reuters reported, on account of tight […]
This Morning in Metals: Ford Says Prices of U.S. Steel More Expensive than Anywhere Else
This morning in metals, Ford Motor Co. says prices of U.S. steel are higher than anywhere else in the world, China’s alumina exports surged in September and the LME copper price dropped Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook High Prices U.S. automaker Ford has been vocal about […]
U.S. Steel Capacity Utilization Rate Up Over 3 Percentage Points Through Oct. 20
Although not yet at the coveted 80% mark, the U.S. steel sector’s capacity utilization rate is up over three percentage points in the year to date (up to Oct. 20) compared with the same time frame in 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Through Oct. 20, domestic […]
Global Lead, Zinc Demand Forecast to Rise in 2019
The International Lead and Zinc Study Group (ILZSG) convened its 63rd session earlier this month in Lisbon, Portugal, during which it reviewed global demand forecasts for this year and next with respect to zinc and lead. Global Zinc Picture According to ILZSG, global zinc demand is set to rise by 0.4% in 2018 to 13.74 million […]
Nucor Reports Year-to-Date Net Earnings of $1.71 Billion
For those wondering how the surge in domestic steel prices have impacted many domestic steelmakers, there is perhaps no better indicator of that impact than quarterly earnings reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steelmaker Nucor Corporation reported its third-quarter earnings late last week, reporting net earnings of […]
Week in Review: Liberty House, DOC Investigations and Global Steel Demand
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 A recent fire at an Indian plant that killed nine workers again raised significant concerns about safety […]
This Morning in Metals: Tangshan Mills Boost Steel Production
This morning in metals news, mills in the Chinese city of Tangshan have increased steel production despite the official start of winter cuts, LME copper prices fell and U.S. imports of aluminum from Australia have been on the rise. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tangshan Boosts Steel […]
