With the February 2019 Monthly Metals Index (MMI) report, we can officially move past 2018 and begin to take a look at the world of metals thus far in the new year. On the trade front, trade officials from the U.S. and China met in January for renewed talks on the ongoing trade standoff between the economic […]
Category: Ferrous Metals
This Morning in Metals: Ford Expresses Concerns Over No-Deal Brexit
This morning in metals news, Big Three automaker Ford Motor Co. has expressed unease about the ramifications of a hard Brexit, Canada reverses a duty on some forms of steel from Mexico and India is considering pushing back a deadline after which more stringent steel import rules were set to go into effect. Need buying […]
Europe Formalizes Provisional Steel Tariffs from the Start of February
Some call them safeguards, some call them protectionist barriers, and some love them and some hate them. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Few measures divide like import tariffs. We have seen it in the U.S. While Europe would claim its own measures are a reaction to the […]
This Morning in Metals: U.S. Steel Mills Hit 80.6% Capacity Utilization Rate
This morning in metals news, U.S. steel mills produced at a capacity utilization rate of 80.6% for the year through Feb. 9, U.S. steel mill shipments rose 4.8% in 2018 on a year-over-year basis and a Peruvian plant used to produce copper will be partially suspended for the next 3-5 days. Need buying strategies for […]
Stainless MMI: Stainless Prices Bounce Back After Last Month’s Losses
The Stainless Steel Monthly Metals Index (MMI) jumped seven points this month to 68, translating into an 11.5% increase, the largest monthly increase registered by the MMI since the 10.95% increase in September 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel LME nickel prices surged in […]
This Morning in Metals: U.S. Steel to Restart EAF Construction
This morning in metals news, U.S. Steel announced the restart of construction on an electric arc furnace (EAF) facility, a new £35 million research network aims to make the U.K.’s steel sector carbon-neutral and the latest on the Thyssenkrupp-Tata joint venture. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook An EAF […]
Talking Tariffs, Part 3: Are Tariffs ‘Bad’ for the Economy?
[Editor’s note: This is the third and final part of our series on tariffs. In case you missed them, read Part 1 and Part 2.] — 2002 Bush Section 201 Steel Tariffs All of this background analysis brings us to the heart of the current debate: are the tariffs “bad” for the economy and manufacturing? […]
Week in Review: China, Venezuela and Section 232
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: MetalMiner’s Belinda Fuller takes a look at China’s economic growth levels. Stuart Burns on the political and economic crisis in Venezuela. We also kicked off this month’s round of Monthly […]
Talking Tariffs, Part 2: Section 232 History Since 1962
[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The […]
This Morning in Metals: ArcelorMittal Sees Lower 2019 Steel Demand in China
This morning in metals news, ArcelorMittal on steel demand in China (and elsewhere), copper lost ground after several upward sessions in a row and Mexico’s steel industry is not happy with the government’s decision to not renew steel safeguards protecting against steel from countries with which Mexico does not have a trade agreement. Need buying […]
