It’s been a busy and somewhat bumpy year for Europe’s steel sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The E.U. approved steel safeguards in January that would extend to 2021 at the latest, an effort by the bloc to mitigate the impact of steel supplies diverted as a […]
Category: Ferrous Metals
U.S. Puts the Squeeze on Iranian Metals Industry
Not content with putting the squeeze on Iran’s oil industry, President Donald Trump signed a new executive order last week extending existing sanctions to include Iran’s metal industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the Financial Times, much of Iran’s non-oil income comes from metal exports, […]
U.S. Steel Mills’ Capacity Utilization Rate Reaches 81.8%
U.S. steel mills have operated at a capacity utilization rate of 81.8% for the year through May 18, according to the American Iron and Steel Institute’s (AISI) weekly steel production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the report, adjusted year-to-date production through May 18 reached […]
Will a Weakening Yuan Result in Rising CRC Steel Imports from China?
In recent weeks, the Chinese yuan (CNY) has weakened against the U.S. dollar (USD). A weaker yuan makes imports cheaper, all other things holding equal. As we can see in this chart, during the past couple of weeks the yuan weakened back to roughly December levels. Will this currency change result in surging steel imports […]
Is British Steel a Victim of Brexit or an Undeserving Wastrel?
According to the BBC last week, British Steel, the U.K.’s second-largest steel producer, is knocking on the door of the British government for the second time in as many months looking for support. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In April, the firm borrowed £120 million from the […]
Trump Drops Metals Tariffs on Canada, Mexico; What’s the Impact on Steel, Aluminum Prices?
President Donald Trump announced today the removal of the U.S.’s Section 232 tariffs on steel and aluminum with respect to NAFTA partners Canada and Mexico. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The tariffs had remained in place since June 1, 2018, when temporary exemptions for Canada, Mexico and […]
Week in Review: Steel Prices, Sustainable Mining and the Fall of the Tata-Thyssenkrupp JV
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 MetalMiner’s Belinda Fuller’s Raw Steels MMI report runs down the month in the raw steels sector. The […]
This Morning in Metals: Iron Ore Soars After Vale Warning
This morning in metals news, the iron ore price continues to rise, the U.S. cut its import tariff on Turkish steel in half and copper is on its way to its fifth consecutive weekly loss. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises After Vale Warning The […]
This Morning in Metals: Section 232 Auto Tariff Decision Delayed
This morning in metals news, the May 18 deadline for the president’s decision on potential new automotive tariffs is being pushed back up to six months, Chinese iron ore futures rose to a record high and the Trump administration reversed an Obama-era pause on mining in a northeastern Minnesota wilderness area. Need buying strategies for […]
Chinese HRC Prices Continue to Rise on the Back of Government Stimulus Measures
Chinese HRC prices increased again this month, while other forms of steel stayed flat overall. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Looking more closely at HRC — along with CRC, HDG and plate — prices generally remain lower than a year ago on a year-on-year basis, with the […]