This morning in metals news, the U.S. on Friday raised tariffs on a wide variety of imports from China, a long-considered European joint venture does not appear likely to come to fruition and March steel imports fell 7%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tariff Tensions As promised […]
Category: Ferrous Metals
Stainless MMI: Subindex Drops as Nickel Prices Show Weakness
The Stainless Steel Monthly Metals Index (MMI) declined this month, dropping by two index points to 69. A few of the prices in the basket registered fair declines, with nickel prices showing weakness. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel The LME primary nickel 3-month price decreased […]
This Morning in Metals: Trump Signs Executive Order Imposing Sanctions on Iran’s Metals Sector
This morning in metals news, President Donald Trump added sanctions on Iran targeting its metals industry, Rio Tinto is shipping more aluminum to Europe and ArcelorMittal reported its Q1 2019 financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Targets Iran’s Metals Sector A year on after withdrawing […]
This Morning in Metals: U.S. Steel Capacity Utilization Rate Reaches 81.7%
This morning in metals news, steel production for the year through May 4 reached 33.7 million tons, Japan’s March steel exports jumped and Dalian iron ore futures made gains on supply concerns. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Production According to the American Iron and Steel […]
This Morning in Metals: Trump Threatens to Impose Additional $325B in Tariffs on China
This morning in the metals news, President Donald Trump threatened to impose an additional $325 billion worth of tariffs on imports from China, SHFE steel futures are down on pessimistic news from this latest round of U.S.-China trade talks and doubts are growing about the Thyssenkrupp–Tata Steel joint venture proposal. Need buying strategies for steel? […]
Week in Review: Copper and Steel Production, Section 301, and NASA
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 The International Copper Study Group released January copper production figures. The World Steel Association reported global crude […]
This Morning in Metals: U.S. Steel to Invest More Than $1B at Pennsylvania Plants
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 […]
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 […]