This morning in metals news, U.S. Steel announced Thursday it plans to invest more than $1 billion at its Mon Valley Works facilities, Australian iron ore exports bounced back in April after being impacted by tropical cyclones in March and the zinc price fell to its lowest level in 2 1/2 months. Need buying strategies […]
Category: Ferrous Metals
NASA: Faulty Materials from Aluminum Producer SPI Caused Failed Launches, Cost $700M
Following investigations regarding the cause of two launch failures in 2009 and 2011, NASA pointed the finger this week on faulty materials from aluminum manufacturer Sapa Profiles, Inc. (SPI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “NASA Launch Services Program (LSP) investigators have determined the technical root cause for […]
This Morning in Metals: Copper Rises as U.S.-China Trade Talks Resume
This morning in metals news, the copper price got a boost from optimism stemming from the resumption of trade discussions between the world’s top two economies, the CEO of Australia’s Fortescue was bullish about the Chinese steel sector and British Steel received a £100 million government loan. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Mexico Reforms Labor Code in Push Toward USMCA Approval
This morning in metals news, Mexico’s Senate approved changes to the country’s labor laws, Chinese iron ore futures notched their fifth consecutive monthly gain and U.S. steelmaker AK Steel reported its first-quarter earnings. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Mexico Passes New Labor Laws As NAFTA partners Canada, Mexico […]
World Steel Association: Global Crude Steel Production Rises 4.9% in March
The World Steel Association released its March global crude steel production report, detailing global crude steel production rose 4.9% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook March 2019 production reached 155.0 million tons. For the first three months of the year, production reached 444.1 million tons, […]
This Morning in Metals: China’s Iron and Steel Association Warns Against Excess Capacity
This morning in metals news, the China Iron and Steel Association issued a statement on the negative impact of excess steel capacity, the U.S. dollar reached a nearly two-year high and U.S. Treasury Secretary Steven Mnuchin said U.S.-China trade talks are in their “final laps.” Need buying strategies for steel? Request your two-month free trial […]
Week in Review: Tesla and Panasonic, Indian Steel Exports and Oil Price Trends
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 Stuart Burns on the cooling Tesla-Panasonic relationship. India’s steel exports to the U.S. plunged last year. Belinda […]
Indian Government Eyes Trade Action on Imported Stainless Steel
Already labeled a protectionist regime, the Indian government recently issued notice to the World Trade Organization (WTO) of its intent to bring more stainless steel items under quality control, The Hindu Business Line reported. The move has Indian importers of stainless steel worried. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what […]
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 […]
This Morning in Metals: Japan’s Steel Production Falls 1.9% in FY 2018
This morning in metals news, Japan saw its steel production fall over fiscal year 2018, the general counsel for the United States Trade Representative is leaving the administration and U.S. housing starts in March were down 14.2% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Japanese Steel […]
