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 […]
Category: Ferrous Metals
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 […]
This Morning in Metals: President Trump Delays Schedule Tariff Increase on China
This morning in metals news, President Donald Trump over the weekend announced he would delay the previously scheduled March 1 tariff bump on a wide range of Chinese goods, British Steel Ltd. could take a hit if a Brexit deal cannot be reached and Brazil’s iron ore sector could experience significant disruptions in 2019. Need […]
This Morning in Metals: Copper Price Hits 7 1/2-Month High
This morning in metals news, the copper price has surged to its highest level in 7 1/2 months, Canada’s ambassador to the U.S. is confident the U.S.’s Section 232 steel and aluminum tariffs will be coming to an end soon and China’s state-backed Chinalco plans to sell an aluminum plant for just under $164 million. […]
Are CME HRC Futures Ready for Prime Time?
The Chicago Mercantile Exchange (CME) hot-rolled coil (HRC) steel futures market finally demonstrated increased liquidity during 2018, about five years following its introduction in February 2014. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Both volume of trading and open interest numbers showed improvement during 2018, as evidenced by increasing […]
This Morning in Metals: Brazil Suspends Operations at Two Vale Facilities
This morning in metals news, a Brazilian governmental regulator has suspended operations at two Vale SA facilities, India’s steel production jumped 4% year over year during the April 2018-January 2019 period and a company is seeking a federal loan to bring a promised aluminum mill to Kentucky. Need buying strategies for steel? Request your two-month […]
This Morning in Metals: Chinese Steel, Iron Ore Prices Fall
This morning in metals news, Chinese steel and iron ore prices dropped, miner BHP’s first-half earnings fell 8% and the ongoing shutdown of Vedanta’s Sterlite Copper plant has boosted copper prices led to increased dependence on imports for Indian consumers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Post-Holiday Lull […]
This Morning in Metals: Copper Price Falls Ahead of New U.S.-China Trade Talks
This morning in metals news, the copper price fell Tuesday, U.S. steel mills have produced at a capacity rate of 80.7% through Feb. 16 and a $1.8 billion steel mill could be coming to Texas. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Falls With renewed U.S.-China trade talks […]
This Morning in Metals: Section 232 Auto Report Moves to President Trump
This morning in metals news, the U.S.’s Section 232 automotive investigation moves forward, Tokyo Steel announces its prices will remain steady next month and the copper price got a boost from an Indian Supreme Court ruling. Section 232 Report Sent to the President On May 23, 2018, the Trump administration initiated a Section 232 investigation […]
Supply Worries Drive Iron Ore Prices to New Heights
Two major dam disasters in three years are enough to put the frighteners on investors and get the media abuzz with talk of supply-side shortages. Yet as small as Vale’s production loss is, the fact remains the market is relatively tight, and supply is becoming an issue again after many years of plenty. Need buying […]