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 […]
Category: Ferrous Metals
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 […]
Best of 2018: Top Aluminum Posts of the Year
Steel often gets all the glory, but aluminum also had a big year. From the U.S.’s Section 232 tariff announcement to the April aluminum price spike after the U.S. Treasury initially announced sanctions against Russian firms and their owners (including aluminum giant Rusal), there was plenty going on in the world of aluminum. On the […]
This Morning in Metals: Iron Ore Prices Surge
This morning in metals news, iron ore prices are up, a Kentucky company announces an expansion, and Canada will expand its targeted tariff relief as part of its ongoing efforts to tackle the U.S.’s Section 232 steel and aluminum tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
November Global Crude Steel Production Up 5.8% Year Over Year
Global crude steel production in November jumped 5.8% year over year, the World Steel Association reported today. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting to the World Steel Association hit 148.6 million tons (MT) in November, continuing an upward production growth trend that […]
This Morning in Metals: U.S. to Lift Sanctions on Russian Oligarch Deripaska’s Companies
This morning in metals news, the U.S. Treasury Wednesday announced it will lift its sanctions against companies owned by Russian oligarch Oleg Deripaska (which includes aluminum giant United Company Rusal), Chinese steel prices hit a five-week high and Alcoa cuts aluminum production amid a labor dispute at its Becancour smelter in Quebec. Need buying strategies […]