As if cheap steel imports from the Association of Southeast Asian Nations (ASEAN) was not enough of a problem to handle, India’s steelmakers are now fretting over heavily discounted steel imports coming in from Iran, a country that is under economic sanctions imposed by the United States. Need buying strategies for steel? Request your two-month […]
Category: Ferrous Metals
This Morning in Metals: Raiders’ Las Vegas Stadium Project Faces Steel Delivery Delays
This morning in metals news, an NFL franchise’s new stadium project in Las Vegas is facing delays in steel deliveries, Indonesia and China have taken anti-dumping action against each other’s steel products, and Ford earlier this week announced workers in southeast Michigan will make the automaker’s first autonomous vehicles in 2021. Need buying strategies for […]
Looking Ahead, Part 2: With Steel, What Happens in China Doesn’t Stay in China
[Editor’s Note: This is the second of a two-part series on steel supply and prices. Revisit Part 1 here.] Actual Chinese Steel Prices Looking at longer-term trends in Chinese steel prices, we can see after hitting a low during mid-to-late 2015, prices trended upward overall (with some ups and downs along the way). For example, […]
U.S. Steel Production Through March 16 Up 6.7% Year Over Year
U.S. steel mills produced 1.93 million net tons of raw steel during the week ending March 16, according to the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the week — which came at a capacity utilization rate of 82.9% — was […]
Looking Ahead, Part 1: A Surprising Outlook for Steel Prices in 2020
According to Bank of America Research Analyst Timna Tanners, Steelmageddon looms on the horizon due to massive planned capacity increases in the U.S. steel industry. Her analysis indicates the equivalent of around a 20% capacity increase when aggregating investments across companies and production methodologies over the next few years. Due to the massive ramp-up, the Steelmageddon theory […]
This Morning in Metals: Antofagasta Forecasts Copper Deficit of 100K-300K Tons
This morning in metals news, Chilean miner Antofagasta expects a copper deficit this year, Polish lawmakers have proposed slashing the country’s mining tax and hackers have targeted Norwegian aluminum maker Norsk Hydro. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Deficit Chilean miner Antofagasta forecasts a 2019 copper deficit […]
Value of Raw Mineral Materials Produced by U.S. Mines Increases 3% in 2018
According to a recent report from the U.S. Geological Survey (USGS), U.S. mines churned out $82.8 billion worth of minerals in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The 2018 total marked a 3% year-over-year increase from $79.7 billion in 2017, according to the report from the USGS National […]
Week in Review: Palladium Power, Lynas’ Appeal and ArcelorMittal’s Essar Plan
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 palladium price continues to soar, MetalMiner’s Taras Berezowsky explained in this month’s Global Precious MMI. Rare earths […]
This Morning in Metals: China Iron Ore Futures Make Gains
This morning in metals news, China iron ore futures hit a two-week high, the Office of the United States Trade Representative (USTR) announced the first consultations under the revised U.S.-Korea Free Trade Agreement (KORUS) and hot-rolled coil inventories in China dipped for a third straight week. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: LME Steel Contract Launch Could be Delayed
This morning in metals news, Reuters reports the launch of the London Metal Exchange’s planned steel contract will likely be pushed back to 2020, China’s average daily steel output in January and February increased, and India’s imports of iron ore were up 157% during the April-December 2018 period. Need buying strategies for steel? Request your […]
