[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 […]
Category: Ferrous Metals
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 […]
Raw Steels MMI: Steel Prices Continue to Decline, Iron Ore Surges After Vale Dam Breach
The Raw Steels Monthly Metals Index (MMI) posted a one-point increase this month, moving to an MMI reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As reported last month, steel prices continued to fall from their historically high levels reached back in the spring of 2018. CRC and […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]
This Morning in Metals: Steel Mills’ Capacity Utilization Rate Hits 80.5%
This morning in metals news, U.S. steel mills’ capacity utilization rate inched up this past week, India’s steel sector looks to the government for protection from diverted steel, and the Office of the United States Representative (USTR) released its annual report on the WTO compliance of China and Russia. Need buying strategies for steel? Request […]
Week in Review: Steel Production, Earnings Reports and Gold
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: Global crude steel production rose 4.6% year over year in 2018, while China’s piece of the pie grew. A dam breach at Brazilian miner Vale’s Corrego do Feijao iron ore […]
This Morning in Metals: Trump Signs ‘Buy American, Hire American’ Executive Order
This morning in metals news, President Donald Trump signed an executive order Thursday pushing for increased use of domestic materials and labor, miner Glencore released its full-year production results for 2018, and the latest on the deadly dam breach at Vale’s Corrego do Feijao mine. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Copper Hits Seven-Week High
This morning in metals news, copper gains momentum, Japan’s steel federation thinks domestic output will grow this year and U.S. Steel will have to pay at least $40 million to repair one of its facilities after a fire. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Reaches Seven-Week […]
India Moves Past Japan into No. 2 Spot of Global Steel Producers
It was an expected development — so when it was announced, it did not come as much of a surprise to many in the steel sector in India (or even globally). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook An updated World Steel Association analysis of crude steel outputs by […]