This morning in metals news, China iron ore futures hit a two-week high, the Office of the United States Trade Representative (USTR) announced the first consultations under the revised U.S.-Korea Free Trade Agreement (KORUS) and hot-rolled coil inventories in China dipped for a third straight week. Need buying strategies for steel? Request your two-month free […]
Category: Commodities
This Morning in Metals: LME Steel Contract Launch Could be Delayed
This morning in metals news, Reuters reports the launch of the London Metal Exchange’s planned steel contract will likely be pushed back to 2020, China’s average daily steel output in January and February increased, and India’s imports of iron ore were up 157% during the April-December 2018 period. Need buying strategies for steel? Request your […]
Week in Review: Metals Prices, the Maker-to-User Movement and U.S. Trade Policy
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 Metal prices picked up across the board in February. MetalMiner’s sister site SpendMatters published a guest contribution […]
This Morning in Metals: U.S., China Could be Approaching Deal on Tariffs
This morning in metals news, the Wall Street Journal reports the U.S. and China are approaching a deal to roll back tariffs imposed over the last year, the Steel Authority of India Ltd. (SAIL) boosted iron ore production last month and iron ore prices are on the rise. Need buying strategies for steel? Request your two-month […]
Week in Review: ACEA on Section 232, Oil on the Rise and India’s Railways
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 The European Automobile Manufacturers’ Association (ACEA) recently weighed in on the Trump administration’s Section 232 automotive investigation. Both […]
This Morning in Metals: U.S. Agriculture Secretary Makes Case for Steel Quotas on Canada, Mexico
This morning in metals news, U.S. Agriculture Secretary Sonny Perdue is looking to convince President Trump to use quotas instead of standard tariffs on Canada and Mexico, Chinese steel mills are holding off on iron ore restocking amid rising price, and an Italian aluminum plant will be coming back online soon. Need buying strategies for […]
This Morning in Metals: Chinese Steel Prices Move Upward
This morning in metals news, Chinese steel prices are up ahead of the peak construction season, mining companies around the world are looking to change the way they operate in the wake of Vale SA’s fatal dam collapse and solar sector companies are sourcing prefab in order to find a way around the Trump administration’s […]
Oil Price Rises on the Back of Supply Concerns
OPEC may not be what it once was, but in concert with non-OPEC countries like Russia the cartel is showing it can still influence prices to its advantage. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After extensive negotiations behind the scenes, Saudi Arabia and Russia have agreed to reduce […]
This Morning in Metals: Brazil Suspends Operations at Two Vale Facilities
This morning in metals news, a Brazilian governmental regulator has suspended operations at two Vale SA facilities, India’s steel production jumped 4% year over year during the April 2018-January 2019 period and a company is seeking a federal loan to bring a promised aluminum mill to Kentucky. Need buying strategies for steel? Request your two-month […]
This Morning in Metals: Chinese Steel, Iron Ore Prices Fall
This morning in metals news, Chinese steel and iron ore prices dropped, miner BHP’s first-half earnings fell 8% and the ongoing shutdown of Vedanta’s Sterlite Copper plant has boosted copper prices led to increased dependence on imports for Indian consumers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Post-Holiday Lull […]
