The Raw Steels Monthly Metals Index (MMI) increased slightly again this month, moving to an MMI reading of 82, an increase of 2.5% month on month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month, U.S. raw steel prices stopped their multimonth decline off peak highs and began moving sideways […]
Category: Ferrous Metals
This Morning in Metals: U.S. Steel Imports Fell 11.5% in 2018
This morning in metals, U.S. imports of steel dropped 12% year over year last year, Chile’s copper and lithium export revenue fell in February and markets react to uncertainty over the ongoing U.S.-China trade talks. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Imports of Steel Drop 11.5% U.S. steel […]
JSW Steel Signs $700M Supply Deal with Duferco International Trading Holding
In what’s been dubbed as a rather unique agreement for an Indian steel company, JSW Steel this week signed a payment and supply deal with Duferco International Trading Holding (DITH) for U.S. $700 million. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to reports, the five-year agreement provides DITH […]
U.S. Steel Mills Reach Capacity Rate of 81.1% for the Year Through March 2
According to the American Iron and Steel Institute’s (AISI) weekly steel production report, U.S. steel mills churned out steel at a capacity utilization rate of 81.1% for the year through March 2. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date production by U.S. steel mills for the year […]
This Morning in Metals: U.S. Agriculture Secretary Makes Case for Steel Quotas on Canada, Mexico
This morning in metals news, U.S. Agriculture Secretary Sonny Perdue is looking to convince President Trump to use quotas instead of standard tariffs on Canada and Mexico, Chinese steel mills are holding off on iron ore restocking amid rising price, and an Italian aluminum plant will be coming back online soon. Need buying strategies for […]
This Morning in Metals: Chuquicamata Underground Mine to Start up Mid-Year
This morning in metals news, Chile’s Codelco announced its underground Chuquicamata mine will open later this year, United States Trade Representative Robert Lighthizer testified before the House Ways and Means Committee on Wednesday and the U.S. Department of Commerce issued an affirmative preliminary determination in an anti-dumping investigation related to China. Need buying strategies for […]
DOC Launches AD, CVD Probes of Fabricated Structural Steel from Canada, Mexico, China
The U.S. Department of Commerce (DOC) announced this week that it had launched anti-dumping and countervailing duty investigations related to imports of fabricated structural steel from Canada, Mexico and China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The investigation comes on the heels of a petition filed by the […]
India Faces Lack of Domestic Steel Options for Railway Development Initiatives
The railways sector is one of the high-growth areas in India, so far as infrastructure is concerned. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Much of it still runs on a setup that its former colonial ruler, the British Empire, left behind, and then some. In a bid for […]
Global Crude Steel Production Rises 1% Year Over Year in January
Global crude steel production growth slowed in January, hitting its lowest level since August. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the World Steel Association, global crude steel production rose 1.0% year over year in January, down from 3.8% growth in December. Global steel production in January […]
This Morning in Metals: U.S. Steel Capacity Rate Hits 81%
This morning in metals, the U.S.’s steel capacity utilization rate inches upward, Emirates Steel forecasts a slower 2019 for regional construction and copper falls back from its eight-month peak. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Capacity Utilization Rate According to the American Iron and Steel Institute’s […]
