This week’s coverage included coverage ranging from the announced update to SIMA, iron ore price movements and the U.S.’s decision to rescind the recently reimposed 10% Canadian aluminum tariff. Before we head into the weekend, let’s take a look back at the week that was and all the metals storylines here on MetalMiner. Stay up […]
Category: Commodities
This Morning in Metals: U.S. steel prices rise
This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you. Steel prices rise U.S. steel prices are on the rise, but […]
Iron ore price falls, but is it a pause before further rises or the top?
An article in the Australian Financial Review (AFR) underlines the bullish narrative accompanying the iron ore price’s performance this year. “Chinese steel consumption has just blown consensus out of the water this year,” the report notes, citing analyst comments, adding, “The macro backdrop, in terms of China, is very strong for all commodity consumption, and […]
This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff
This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these […]
This Morning in Metals: Nucor to open Frostproof steel plant by end of year
This morning in metals news: steelmaker Nucor will open a new steel plant in Florida by the end of this year; U.S. gasoline prices are low heading into the Labor Day weekend; and Chinese demand continues to power high iron ore prices. 5 Mistakes Buyers Can Make When Sourcing Steel Nucor to open steel plant […]
This Morning in Metals: U.S. energy exports, imports nearly equal in May
This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want […]
This Morning in Metals: Iron ore price surges to six-year high
This morning in metals news: iron ore prices continue to rise; the United States International Trade Commission (USITC) voted to continue investigations related to imports of seamless standard, line and pressure pipe; and Rio Tinto’s Kennecott mine is the first to receive the Copper Mark award. Stay up to date on MetalMiner with weekly, monthly, […]
This Morning in Metals: U.S. steel imports down 19%
This morning in metals news: U.S. steel imports for the year through July fell 19%; Zambia is looking to take over Glencore copper mines in the country; and Brazil’s Vale has opened an iron ore grinding hub in China. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you […]
This Morning in Metals: LME copper inventories fall to 13-year low
This morning in metals news: according to Reuters, LME copper inventories fell to a 13-year low; July unemployment rates fell in 30 states; and the WTI crude price rose slightly last week. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign […]
Week in Review: MMI Week; housing starts; price support for zinc, copper, lead
This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot […]