The Raw Steels Monthly Metals Index (MMI) came in at 76 this month, a 5% drop, after several months of sideways movement and a May reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices formed a clear downward price trend. A mix of factors led […]
Category: Ferrous Metals
Stainless MMI: LME Nickel, Stainless Surcharges Fall Back
The Stainless Steel Monthly Metals Index (MMI) dropped two points again this month, now down to 67. The index stayed relatively flat during the past few months since jumping in February from 61 to 68. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Several prices in the index dropped significantly […]
This Morning in Metals: Steel Import Permit Applications Down 10.8% in May
This morning in metals news, U.S. steel import permit applications dropped last month, the Trump administration’s Section 232 aluminum tariff left its mark on operations at the Port of Oswego and the Trump administration released a new strategy that aims to ensure a reliable supply of critical minerals. Need buying strategies for steel? Request your […]
Indian Business Groups Lobby for Auction of Iron Ore Mining Licenses
A new government in India has steel companies and iron miners rushing to it with urgent pleas on iron ore mine auction. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One appeal is for the government to auction iron ore mining licenses held by private miners when they expire in […]
This Morning in Metals: European Steel Chiefs Say E.U. Needs to Act Against Rising Imports
This morning in metals news, European steel sector leaders are asking the E.U. for action in the face of rising imports, the U.S. says China is playing the “blame game” and U.S. Commerce Secretary Wilbur Ross met with Mexico’s Secretary of Economy Graciela Márquez Colín. Need buying strategies for steel? Request your two-month free trial of […]
Baowu Steel Moves Relentlessly Toward Distinction of World’s Largest Steelmaker
The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In practice, we should see this as a positive move. The Financial Times […]
This Morning in Metals: Australia PM Says Aluminum Exports to U.S. are Fair
This morning in metals news, Australian Prime Minister Scott Morrison said the country’s aluminum exports to the U.S. are fair, China’s Baowu Steel is acquiring a majority stake in rival Magang and the USTR announced an extension related to duties imposed on Chinese goods. Need buying strategies for steel? Request your two-month free trial of […]
Week in Review: Alunorte, the Palladium-Platinum Spread and China’s Rare Earths
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We took a look back at the most-viewed posts on MetalMiner in the year to date. Stuart Burns […]
This Morning in Metals: Trump Threatens Mexico with Tariffs as USMCA Push Continues
This morning in metals, President Donald Trump threatened to impose tariffs on all imports from Mexico, Shanghai steel prices are down and copper prices are en route to their biggest monthly fall since 2015. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Threatens More Tariffs on Mexican Goods The […]
This Morning in Metals: Iron Ore Price’s Rise Slows
This morning in metals news, the iron ore price slipped Thursday, the Indian steel import market is dominated by Japan and South Korea, and trade tensions between the U.S. and China continue to gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Slows Down Supported by supply-side concerns, […]