The Automotive Monthly Metals Index (MMI) held flat this month, again coming in for an MMI value of 93. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors, which reports sales on a quarterly basis, reported it delivered 665,840 vehicles in the first quarter of 2019, “with […]
Category: Automotive
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
Before we head into the weekend, let’s take a look 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 The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
GM Announces $300M Investment Toward Production of New Chevrolet EV
General Motors last week announced it is planning to invest $300 million at a southeast Michigan assembly plant that will produce a new Chevrolet electric vehicle (EV). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “We are excited to bring these jobs and this investment to the U.S.,” GM Chairman […]
Despite Poor Forward Indicators, Copper is on a Roll
There seems to be no holding copper. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The metal’s price hit an eight-month high this month, helped over the line by the Federal Reserve dropping plans for further interest rate hikes this year. But much of the rise seems to be on […]
Week in Review: New Hydro CEO, U.S. Mining in 2018 and Steel Production
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. mines had a productive 2018. Automaker Toyota announced it would be increasing its $10 billion U.S. […]
Toyota Announces New U.S. Investment, Including at Tennessee, Missouri Aluminum Plants
Automaker Toyota last week announced a push to increase its previous investment pledge in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Last week the automaker announced it would up a 2017 pledge to invest $10 billion in the U.S. over five years, increasing the investment up to $13 […]
This Morning in Metals: China Imports Less Copper in February
This morning in metals news, China’s copper imports fell in February, U.S. Steel won an award sponsored by the Department of Energy and General Motors rolled out its last Chevy Cruze this week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Imports, Aluminum Exports Down in China China’s February […]
Brexit Uncertainty Could Linger Long After March 29 Deadline
March 29 is currently supposed to be the date by which Britain’s future relationship with the European Union is finally settled. MetalMiner’s Annual Outlook provides 2019 buying strategies for carbon steel There are several possible outcomes of varying likelihood. Britain could remain part of the E.U., which is looking comparatively unlikely. Or, it will leave […]
Automotive MMI: Auto Sector Awaits Trump Decision on Section 232 Report
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for an MMI value of 93. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales As noted in previous reports, General Motors last year announced a switch from monthly sales reports to quarterly reports. Fellow Big […]
ACEA Secretary General: European Cars to U.S. Don’t Pose National Security Threat
The association representing Europe’s automotive manufacturers recently weighed in on the latest developments in the U.S.’s Section 232 automotive probe. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Imports of cars and auto parts from the EU clearly do not pose a national security risk to the United States,” said […]
