By Nichole Bastin and Katie Benchina Olsen The Stainless Steel Monthly Metals Index (MMI) dropped 5.08% from August to September. Nickel prices began to rise this month, breaking through prior highs visible on shorter time frames such as the hourly and daily charts. Ultimately, prices bounced off bullish zones formed before the LME’s shutdown in […]
Category: Ferro Alloys
Stainless MMI: Nickel Prices Hit Bottom by Mid-July
The Stainless Monthly Metals Index (MMI) dropped 8.87% from June to July. After nickel prices hit a bottom mid-July, they followed the base metal trend upward. By the beginning of August, however, the rebound had faltered, and prices resumed their descent. Both last month’s increases and this month’s declines were extremely narrow. For that reason, […]
Census Bureau: U.S. steel imports down 17% through first 11 months of 2019
U.S. steel imports through the first 11 months of 2019 were down 17% compared with the same period in 2018, according to preliminary U.S. Census Bureau data. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Imports through the first 11 months of 2019 reached 23.9 millions […]
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: U.S. Steel Sector’s Capacity Utilization Reaches 81.5%
This morning in metals news, U.S. steel mills churned out steel at a capacity utilization rate of 81.5%, the E.U. officially blocked the proposed joint venture of the European operations of Tata Steel and Thyssenkrupp, and the Aluminum Association is looking for a new CEO. Need buying strategies for steel? Request your two-month free trial […]
U.S. Finished Steel Import Market Share Rises to 25% in January
The U.S. imported a total of 3.48 million tons of finished steel in January, the American Iron and Steel Institute (AISI) reported this week (based on U.S. Census Bureau data). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The January import total marked a 20.7% increase from the January 2018 […]
DOC Announces New Rebuttal System in Attempt to Improve Much-Criticized Section 232 Exclusion Process
The impact of the U.S.’s Section 232 steel and aluminum tariffs on its relationships with other countries has been well-documented — but what about Section 232 challenges at home? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For domestic businesses seeking to win product exclusions from the tariffs that went […]
