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 […]
Category: Automotive
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 […]
Automakers Slash Costs, Reshuffle Production Locations
Britain has been in paroxysms of concern over the fate of its car industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In January, Jaguar Land Rover (JLR), announced it will lay off 4,500 employees as part of a plan to save £2.5 billion ($3.2 billion) in the face of […]
GM Announces a Total of $56 Million in Investments at Two Michigan Plants
Automaker General Motors announced plans to invest $36 million and $20 million in its Lansing and Romulus plants, respectively, in Michigan. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Lansing plant produces the Chevrolet Traverse and Buick Enclave crossovers. “We are proud of the hard work and commitment of […]
Industry Group Asks Trump Administration to Release Section 232 Automotive Report
Just before the statutory deadline, Commerce Secretary Wilbur Ross on Sunday sent President Donald Trump his report on the Section 232 automotive investigation opened last year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Trump administration launched the investigation May 23, 2018, using Section 232 of the Trade Expansion […]
This Morning in Metals: Tin Demand Outlook Rosy, US-China Trade Talks Plow Forth
This morning in metals, we’re getting up to speed on where the tin market could be in a decade, what U.S. and Chinese trade negotiators are continuing to discuss, and where the EU car market seems to be heading (hint: it’s not good news). Need buying strategies for tin? Request your two-month free trial of […]
Week in Review: China, Venezuela and Section 232
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: MetalMiner’s Belinda Fuller takes a look at China’s economic growth levels. Stuart Burns on the political and economic crisis in Venezuela. We also kicked off this month’s round of Monthly […]
This Morning in Metals: Ford to Invest $1B in Chicago Plants
This morning in metals news, Ford Motor Co. announced an investment in its Chicago plants, industry group American Iron and Steel Institute (AISI) reiterated its support for the Trump administration’s Section 232 steel tariffs and finished steel imports through the first 11 months of 2018 were down 10.8% year over year. Need buying strategies for […]