This morning in metals news: the U.S. steel sector’s capacity utilization rate ticked up this past week; a steel processing company plans to open a new facility in Kentucky on Nucor’s campus; and China’s demand for iron ore from Australia has persisted, despite trade tensions between the two countries.
Category: Commodities
Week in Review: U.S.-China trade; U.S. automotive sales; LME aluminum load-out queues
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Sign up today for Gunpowder, MetalMiner’s free, weekly e-newsletter featuring news, analysis and more. MetalMiner’s Stuart Burns interviewed Stratfor’s Rodger Baker on the state of U.S.-China trade tensions. U.S. automotive sales […]
This Morning in Metals: Norsk Hydro’s Alunorte signs deal to research feasibility of low-carbon cement from bauxite residue
This morning in metals news: Norsk Hydro’s Alunorte alumina refinery has signed a deal with the Federal University of Pará; a decline in petroleum demand yielded a rise in crude inventories this spring; and U.S. hires reached 6.5 million in May.
India’s Modi announces launch of auction for 41 of the country’s coal mines
India’s coal sector is in the limelight following a series of recent government decisions. A new study by data analytics company GlobalData shows that India and a few other countries would step in to bolster an anticipated about 7.8% drop in U.S. coal production this year.
This Morning in Metals: China’s Henan to hike fees for high-polluting steel producers
This morning in metals news: the Chinese province of Henan will raise its fees for steel and cement producers that do not meet low-emissions targets; BMO says the copper concentrate market will tighten this year; and the Oyu Tolgoi project took another step forward this past week.
Week in Review: Buying in volatile markets; Annual Outlook update; oil price drivers
Before we head into the Fourth of July weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
Investors are not alone in wondering — where to next for oil?
Anyone connected or exposed to the dynamics of the oil price must be wondering if the recovery in the oil price is sustainable and, indeed, whether it has further to go.
This Morning in Metals: U.S. Steel to restart blast furnace at Gary Works
This morning in metals news: amid improving demand, U.S. Steel plans to restart a blast furnace at its Gary Works; the United States-Mexico-Canada Agreement (USMCA) went into effect today; and China could be aiming to diversify its iron ore supply portfolio.
Week in Review: Industrial production rises; Liberty Steel invests in the future; MW aluminum premium spikes
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:
This Morning in Metals: Aluminum sector CEOs express opposition to return of Section 232 aluminum tariff for Canada, Mexico
This morning in metals news: CEOs across the aluminum industry supply chain sent a letter to United States Trade Representative Robert Lighthizer to voice their opinion about a potential reimposition of aluminum tariffs on aluminum from Canada and Mexico; the International Aluminum Institute recently released global production figures for May; and the Energy Information Administration […]