The Raw Steels Monthly Metals Index (MMI) fell again this month, dropping to 79 points. The current MMI index has fallen toward October 2017 levels of 79, before global steel prices started to rise sharply. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The recent slowdown in domestic steel price […]
Category: Ferrous Metals
This Morning in Metals: MFRs with China Operations, Beware — State Dept. Issues Travel Advisory
This morning in metals, we’re tracking a travel advisory for China issued yesterday by the U.S. Department of State — which could impact manufacturers and suppliers who have individuals traveling to and from China for business. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Exercise Increased Caution” Issued yesterday, the […]
Automotive MMI Falls to 17-Month Low as Producers Pray for China Rebound
The Automotive Monthly Metals Index (MMI) fell 3.2% to a value of 92 this month, its lowest level in 17 months. After riding high during mid-2017, above the baseline of 100, the Automotive MMI sub-index — tracking a basket of industrial metals and materials crucial to the automotive sector — has been in a continued overall […]
Construction MMI Holds Steady Amidst Government Shutdown, Trump’s Border Wall Hopes
The Construction Monthly Metals Index (MMI) stemmed last month’s seven-point loss by leveling out for the January 2019 reading. Our Construction MMI sub-index — tracking a basket of industrial metals, materials and other indicators crucial to the construction sector — stayed at a value of 82, holding steady from December’s reading. The constituent metal and material […]
New Report: What Falling Oil Prices and Weak U.S. Dollar Mean for Industrial Metals
MetalMiner has just released its January 2019 edition of the Monthly Metal Buying Outlook, in which we explore how the fall in commodities — namely crude oil prices — and the continued weakness of the greenback are driving industrial metals prices. What Happened Over the Last Month? According to the report, Both commodities and base […]
This Morning in Metals: Steel Tariff Exceptions Sowing Confusion, OCTG Market Forecast Looking Good
This morning in metals, we’re tracking the practical effect of the steel tariffs, what China’s recent overall manufacturing slowdown could portend, and a positive outlook for oil and natural gas pipe demand. Steel Tariff Exceptions Being Granted, But Still Confusing Buyers The Wall Street Journal reports that even though “the Commerce Department as of Dec. […]
This Morning in Metals: U.K. Steel Exports to U.S. Down 20% Since Tariff
This morning in metals news, the U.K.’s steel export levels to the U.S. have come down this year, China’s steel output surged through the first 11 months of the year and 2018 proved to be a down year for a number of commodities, including copper. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Chinese Steel Prices Continue to Slide
This morning in metals news, prices of Chinese steel and steelmaking ingredients were down Friday, India is in talks with the U.S. over a steel tariff exemption and Japanese crude steel output might be decline in the first quarter of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese […]
Week in Review: Russia Sanctions News and the Year in Review
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner on this final Friday of 2018: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns touched on the U.S. Treasury’s sanctions announcement vis-a-vis previously […]
This Morning in Metals: Shanghai Copper Prices Flatten After Earlier Declines
This morning in metals news, Chinese copper prices held flat Wednesday after drops earlier in the week, Novelis says it sees limited impact from the U.S.’s Section 232 tariff on aluminum and miner Rio Tinto is looking to take its Iron Ore Company of Canada public in early 2019. Need buying strategies for steel? Request […]
