This morning in metals news, the U.S. steel sector’s capacity utilization rate for the year through April 6 reached 81.9%, the zinc price fell on easing supply concerns and miner Glencore is becoming a bigger and bigger player in the copper market. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Category: Ferrous Metals
Stainless MMI: Stainless Prices Hold Flat
The Stainless Steel Monthly Metals Index (MMI) held steady this month at 71. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices mostly ended up moving sideways as March progressed after hitting a six-month high early in the month, with the price peaking at $13,750/mt during trading. SHFE […]
This Morning in Metals: Copper Mining Heats Up Amid Rising EV Demand
This morning in metals news, Russian investors are interested in Nevada copper, iron ore is booming and Vietnam’s steel sector looks to build on a record-setting 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nevada Copper Among other metals, copper will become increasingly important as electric vehicles gain market […]
This Morning in Metals: USITC Rules in Anti-Dumping, Countervailing Duty Probes
This morning in metals news, the United States International Trade Commission (USITC) made determinations in the anti-dumping and countervailing duty probes of large diameter welded pipe from Canada, Greece, South Korea and Turkey; Thyssenkrupp workers are looking for job guarantees in the case of a collapse of the German firm’s European joint venture with Tata […]
EUROFER: Extend Mandate for Global Forum on Steel Excess Capacity
The mandate for the Global Forum on Steel Excess Capacity (GFSEC), an organization that has come in for criticism from the U.S., expires in November. However, the European Steel Association (EUROFER) argues the forum, which has focused on creating policies to tackle global excess capacity, should have its mandate extended. Need buying strategies for steel? Request your […]
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
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 The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
This Morning in Metals: Nucor to Invest $1.35B for New Kentucky Steel Plate Mill
This morning in metals news, Nucor announced a major investment toward a new steel plate mill in Brandenburg, Kentucky, steel CEOs ask the Trump administration to maintain the Section 232 duty on steel, and copper prices moved up as U.S.-China trade talks resumed today. Need buying strategies for steel? Request your two-month free trial of […]
Global Crude Steel Production Rises 4.1% Year Over Year in February
Global crude steel production increased 4.1% in February compared with February 2018 production, according to the World Steel Association’s monthly production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Production Growth Continues Global production hit 137.3 million tons in February, down from 150.3 million tons in January. […]
This Morning in Metals: Bipartisan Congressional Effort Aims for Section 232 Reform
This morning in metals news, Sen. Chuck Grassley (R-Iowa) is leading a bipartisan effort to change how Section 232 works, the OECD Steel Committee warns of a worsening global steel glut and U.S.-China trade talks will resume Thursday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Section 232 Reform As […]
Trade Court Rejects Legal Challenge Aimed at Undoing President’s Section 232 Powers
The Trump administration scored a trade win in a ruling by the U.S. Court of International Trade (CIT) on Monday, as the three-judge panel rejected a challenge to the constitutionality of the Section 232 statute that yielded duties on imported steel and aluminum last year. Need buying strategies for steel? Request your two-month free trial […]
