Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
Category: Commodities
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
This Morning in Metals: Iron Ore Futures Soar to Record High
This morning in metals news, iron ore continues its hot streak, the Chinese government has summoned executives of 48 regional companies to demand they curb pollution from their facilities and a series of Section 301 public hearings kicks off today. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
Oil Supply Tensions Rise as Accusations Fly Over Gulf of Oman Tanker Attacks
On Thursday, two tankers carrying petrochemicals, one of which was a Japanese-owned ship, came under suspected attack in the Gulf of Oman. The incidents compounded the already simmering hostilities in what’s possibly the world’s most pivotal maritime corridor and spurred a significant 4% spike in the oil price, the Washington Post reported. Need buying strategies […]
This Morning in Metals: Sliding Oil Price Gets a Jolt After Suspected Tanker Attacks
This morning in metals news, the oil price could slide further, Liberty Steel made an acquisition in Pennsylvania, and the E.U. adopted binding targets for zero- and low-emission vehicles in public procurement. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Oil Price Slide After rising to around $75/barrel in April, […]
Indian Business Groups Lobby for Auction of Iron Ore Mining Licenses
A new government in India has steel companies and iron miners rushing to it with urgent pleas on iron ore mine auction. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One appeal is for the government to auction iron ore mining licenses held by private miners when they expire in […]
The Oil Price is Down for Now, but Where is it Off to Next?
Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes. The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if it does not stem the flow of immigrants across the border. President Donald Trump threatened to apply […]
This Morning in Metals: Iron Ore Price’s Rise Slows
This morning in metals news, the iron ore price slipped Thursday, the Indian steel import market is dominated by Japan and South Korea, and trade tensions between the U.S. and China continue to gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Slows Down Supported by supply-side concerns, […]
This Morning in Metals: Parties Register Official Interest in British Steel
This morning in metals news, a number of groups have registered interest in British Steel, Chinese iron ore futures surged to a new high, and Alcoa and Arconic workers could be set to go on strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Potential Buyers for British Steel Last […]
A Memorial Day Review of the Top 10 Most-Viewed Posts of 2019 (So Far)
The first five months of 2019 have been quite busy ones for the world of metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Unsurprisingly, steel and aluminum dominated the list. […]
