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 […]
Category: Ferrous Metals
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 […]
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 […]