The Automotive Monthly Metals Index (MMI) retraced four points, hitting 99 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales July was a down month for Ford, which saw its U.S. sales drop 3.1%. Ford car sales were down 27.7% year over year, and 15.7% in […]
Category: Automotive
This Morning in Metals: AIIS Seeks Funds for Section 232 Lawsuit
This morning in metals news, a trade association looks to raise money to support its lawsuit against the Section 232 steel tariff, Honda’s quarterly earnings hit a 12-year high and the oil price’s recent dip may just be temporary. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook American Institute for International […]
This Morning in Metals: Chinese City Prepares Steel Output Cuts
This morning in metals news, a Chinese city in Jiangsu province plans to enforce steel and chemical output cuts, U.S. companies requesting exclusions from the Section 232 steel tariff are feeling the heat and countries around the world are meeting to discuss a potential response should the U.S. impose automotive tariffs. Need buying strategies for […]
This Morning in Metals: U.S. Steel Imports Fall to 2.2M MT in June
This morning in metals news, U.S. steel imports dropped in June, General Motors reported its Q2 financial figures and renegotiation talks on the North American Free Trade Agreement (NAFTA) are set to pick up momentum. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel Imports Hit 2.2M MT in June According […]
Week in Review: Auto Hearings, Wind Energy, Cobalt and a Uranium Investigation
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? Try two free months of MetalMiner’s Outlook India sought consultations with the U.S. over its steel and aluminum tariffs. The Department of Commerce launched anti-dumping […]
This Morning in Metals: DOC Launches Section 232 Uranium Investigation
This morning in metals news, the Department of Commerce launched another Section 232 investigation, the Section 232 auto probe hearings kicked off earlier this morning and Turkish steel production increased during the first six months of the year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Commerce Launches Uranium Investigation As […]
Public Hearings on Potential Section 232 Auto Tariffs Begin Thursday
The U.S. Department of Commerce launched a new investigation, under the aegis of the little-used but now ubiquitous Section 232 of the Trade Expansion Act of 1962, this time investigating imports of automobiles and automotive components. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Unsurprisingly, while no decisions have been made […]
Automotive MMI: Big Three Companies Post Sales Increases in June
The Automotive Monthly Metals Index (MMI) fell one point this month for a July reading of 103. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales Nonetheless, June was a good month for the top U.S. automakers. General Motors, which this year announced it would only report sales on a […]
Trade Tariffs Will Adversely Impact the Automotive Sector
There will be significant winners and losers to the current U.S.-E.U. trade war, but none more so than in the automotive sector. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Size matters when it comes to reshuffling production among plants to avoid import tariffs. According to the Financial Times, larger companies […]
This Morning in Metals: thyssenkrupp CEO Says Europe Must Protect Steel Industry From China
This morning in metals news, thyssenkrupp CEO Heinrich Hiesinger said European lawmakers need to protect the steel industry from China, copper plummets to a seven-month low and President Donald Trump responded to a European threat of retaliatory tariffs (in response to potential U.S. tariffs on auto imports). Need buying strategies for steel? Try two free […]
