Here’s what we’re tracking this morning in metals: U.S. steel shipments are up in October. AISI has reported that U.S. steel mills shipped close to 8.2 million net tons in October, a 4.6% rise over the month of September — and a 6% increase from the 7.7 million net tons shipped in October 2017. In […]
Category: Ferrous Metals
Stainless MMI: Nickel Prices Fall, Stainless Surcharges Steady
The Stainless Steel Monthly Metals Index (MMI) dropped two points, bringing the index value to 66 points. The drop came as a result of lower LME nickel prices, while U.S. stainless steel surcharges held steady this month. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need LME Nickel LME nickel […]
Raw Steel MMI: Steel Prices Continue to Lose Momentum
The Raw Steels Monthly Metals Index (MMI) fell again this month, dropping to 83 points. The Raw Steels MMI held at 89 points since August for four consecutive months, but started decreasing in November. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The recent slowdown in domestic steel price momentum […]
Week in Review: USMCA, Sebree Expansion, Rio’s Bauxite and MMI Week
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Following the signing of the United States-Mexico-Canada Agreement (USMCA) during the Group of 20 (G20) summit in […]
This Morning in Metals: Vale Says Drop in Steel Prices is Temporary
This morning in metals news, the state of falling global steel prices is a temporary condition attributable to Chinese overproduction ahead of winter cuts, according to miner Brazilian miner Vale; Chilean copper exports in November were less valuable; and the arrest of a Huawei Technologies executive has caused concern that it could cast a shadow […]
This Morning in Metals: U.S. Steel Import Market Share Hits 20% in November
This morning in metals news, steel imports coming into the U.S. continue to be down from last year’s levels, Shanghai steel prices are down and the sharp corrective trend in iron ore prices could be coming to an end. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Import […]
A Novel Approach to Predicting Price Direction
Price forecasters are always looking out for apparently unrelated factors that correlate to the price movement they are tracking. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sometimes the relationship seems bizarre. At first sight, a link between oil prices and aluminum prices appears tenuous until you consider that the […]
This Morning in Metals: Teck Resources Teams Up With Sumitomo on Chilean Mine Expansion
This morning in metals news, a Canadian miner is teaming up with a Japanese company on a major mine expansion effort in Chile, the U.K. steel sector is struggling with power costs and an Illinois steel plant is on the move. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Teck […]
Rio Tinto Makes First Bauxite Shipment From Amrun Mine
On Monday, miner Rio Tinto announced it had made the first shipment of bauxite from its Amrun mine in Australia, six weeks ahead of schedule. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook According to a company announcement, the $1.9 billion investment in the Amrun mine serves to replace production from the depleting […]
This Morning in Metals: U.S. Steel Production Up 5.6%
This morning in metals news, U.S. steel production through Nov. 24 was up 5.6% compared with the same period last year, copper prices fell back Tuesday and Ford’s November U.S. sales were down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Production According to a recent American Iron […]
