What a difference a month makes in commodity markets. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Just a month back, we reviewed the delicate balance OPEC was facing in trying to drive prices higher without having to make further cuts in output. It seemed every time they squeezed the […]
Category: Commodities
This Morning in Metals: Republic of Congo Makes First Iron Ore Shipment
This morning in metals news, the Republic of Congo made its first export of iron ore, Korean steelmaker POSCO says elevated iron ore prices will put a damper on steel margins this year and global aluminum production in March hit 5.4 million metric tons. Need buying strategies for steel? Request your two-month free trial of […]
Week in Review: Iron Ore, Global Growth Forecasts and U.S. Raw 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 Could the iron ore price continue to rise even further? The April Monthly Metals Index (MMI) report […]
Rio Tinto Downgrades 2019 Iron Ore Guidance After Recent Cyclones
Miner Rio Tinto released its first-quarter production results this week and downgraded its 2019 iron ore guidance on the heels of the recent cyclones battering the Western Australia coast. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our iron ore business faced several challenges at the start of this year, […]
This Morning in Metals: China’s Steel Production Shows No Signs of Slowing
This morning in metals news, China’s steel sector continues to churn out more and more steel, copper prices soared to a nine-month high, and the oil price surged on falling U.S. stockpiles. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Steel Production Despite a program of winter production curbs, […]
This Morning in Metals: Shanghai Rebar Hits 7 1/2-Year High
This morning in metals news, the price of SHFE rebar continued its rise Tuesday, the Aluminum Association released its first new material registration record in almost two decades and Brazilian steelmakers are struggling with an iron ore shortage. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Rebar Rises The […]
Could Spot Iron Ore be on Track for $100/Ton?
According to Reuters, spot 62% grade iron ore for delivery to China recently rose 1.6% to $93 per metric ton and the most-traded May 2019 iron ore contract on the Dalian Commodity Exchange soared as much as 4.1% to 710.5 yuan ($106) per ton — the highest for the Asian benchmark since 2013. Need buying […]
Week in Review: MMI Week, Auto Emissions and E.U.-U.S. Trade
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 MetalMiner’s April Monthly Metals Index (MMI) series concluded this week with coverage of: Construction Aluminum Stainless Copper […]
This Morning in Metals: China’s March Iron Ore Imports Rise
This morning in metals news, iron ore shipments into China picked up in March after February’s 10-month low, India’s top court blocked ArcelorMittal’s attempt to buy the bankrupt Essar Steel and the E.U. opened the door to formal trade negotiations with the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: IMF Ups its 2019 Growth Forecast for China
This morning in metals news, the International Monetary Fund (IMF) released a slightly more positive 2019 growth forecast for China, a fire led to damages at one of Rio Tinto’s Pilbara iron ore operations, and Polish copper producer KGHM said it may freeze operations in Canada and the U.S. Need buying strategies for steel? Request your […]