Since April this year, the Indian automobile sector has been seeing signs of a slowdown in sales. This has led to job cuts and expressions of concern from some major domestic steel producers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The slump in the sales of four- and two-wheelers […]
Category: Automotive
Automotive MMI: U.S. Sales Slide in July as Transaction Prices Rise
The Automotive Monthly Metals Index (MMI) fell one point this month for an August reading of 86. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales Nissan reported July sales in the U.S. of 98,880 units, down 9.1% on a year-over-year basis. Honda’s sales ticked up 1.9% to 141,296 […]
Week in Review: Trump Announces New Tariffs, Steel Imports Fall and Iron Ore Retraces
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 U.S. steel imports are down 13% through the first half of the year. Norsk Hydro announced it will […]
Western Carmakers are Struggling in China
Automotive executives running carmaking joint ventures in China must be asking themselves regarding the current performance situation: is it a downturn in the lower end of the car market or backlash against trade war? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Financial Times reported Ford’s plants in China […]
Norsk Hydro to Supply Aluminum for Audi’s First Fully Electric Model
Oslo-based Norsk Hydro has entered into an agreement with Audi to supply aluminum for the battery housing of the automaker’s first fully electric model. The aluminum, Hydro says, is “processed and manufactured along the entire value chain in an environmentally conscious manner and under socially acceptable working conditions,” conditions which have been confirmed by the […]
Automotive MMI: June Sales a Mixed Bag for Automakers
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for a reading of 87. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors reported Q2 deliveries of 746,659 vehicles, marking a 1.5% decline on a year-over-year basis. GM’s chief economist said U.S. light-vehicle […]
Jaguar Land Rover Takes Major Steps Toward an Electric Future
Jaguar Land Rover’s (JLR), decision to invest hundreds of millions of pounds to enable its Castle Bromwich plant in the U.K. to build electric cars, as reported by the Financial Times, is interesting on a number of levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Specifically, for JLR it underlines […]
Week in Review: The U.S. Dollar, Iron Ore and MetalMiner’s Trade Resource Center
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 Belinda Fuller touched on the U.S. dollar’s impact on precious metals prices. Sticking with currency issues, Stuart […]
Declining Automotive Sector Could Have Ripple Effect on U.K. Economy
When you think of the United Kingdom, you don’t normally think “automotive powerhouse.” Sure, the U.K. has a long and illustrious tradition of making some of the world’s most iconic motorcars. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Think Rolls-Royce, Bentley, Jaguar, Lotus, Morgan and, my own favorite, Aston […]
This Morning in Metals: U.S. Steel Announces Idling of Plants
This morning in metals news, U.S. Steel announced it would idle some of its facilities, China has lowered its tariff rates on countries other than the U.S. and General Motors recently announced a $150 million investment in its Flint Assembly plant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
