The much-publicized joint venture between Tata Steel and Thyssenkrupp will now go under the magnifying glass of the European Commission due to “preliminary competition concerns” around steel for automotive applications, metallic coated steel for packaging and grain-oriented electrical steel (GOES). According to a press release from the European Commission, the commission has concerns about reduced […]
Category: Ferrous Metals
Stainless MMI: LME Nickel Prices, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) fell in November. The index moved back towards September 2017 levels (when it hit 67 points). The current index stands at 68 points. The drop came as a result of lower LME nickel prices and lower U.S. stainless steel surcharges. Need buying strategies for steel? Request your two-month […]
Week in Review: MMI Week, Tariff Waivers and Russian Sanctions
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 We kicked off our November MMI this week. In case you missed it, revisit our subindex recaps […]
This Morning in Metals: Copper Falls to One-Week Low
This morning in metals news, the copper price has slipped to a one-week low, builders in British Columbia are asking the Canadian government to loosen limits on steel imports and U.S. tariffs contributed to a Pittsburgh steelmaker’s down third quarter. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Copper […]
Raw Steels MMI: Domestic Steel Prices Show Slowing Momentum
The Raw Steels Monthly Metals Index (MMI) decreased this month, dropping two points for an MMI reading of 87 points. The Raw Steels MMI had held at 89 points since August. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have showed slowing momentum since June 2018. Domestic […]
This Morning in Metals: Shangahi Rebar Steel Hits One-Month Low
This morning in metals news, Shanghai rebar has dropped to a one-month low, cobalt prices are set to rise after a mining halt at a Glencore location in the Democratic Republic of the Congo (DRC) and BHP says a train derailment will impact its iron ore exports from Australia. Need buying strategies for steel? Request […]
This Morning in Metals: North American Aluminum Associations Petition for Tariff Exemptions
This morning in metals news, North American aluminum associations wrote a joint letter asking for quota-free tariff exemptions for Canadian and Mexican aluminum, European automakers plan to try out new LME steel contracts launching next year, and the LME copper price has dropped ahead of the U.S. midterm elections. Need buying strategies for steel? Request […]
First Indian Steel Conclave Touts Indian Steel Sector’s Progress
It was the first edition of its kind, but it attracted quite an audience. The International Steel Conclave, organized by the Indian Steel Association and Messe Frankfurt India, was held in the Indian capital of New Delhi on Oct. 25. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Using the […]
Week in Review: Global Steel Production, M&A Activity and the Dollar’s Strength
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 Global crude steel production jumped 4.4% year over year in September. A recent PwC report overviews M&A […]
This Morning in Metals: Two Chinese Economists Critical of Country’s Economic Model
This morning in metals news, two prominent Chinese economists have been publicly critical of China’s economic model, the U.S. Department of Commerce has launched an audit of tariff waivers received by companies, China’s steel demand appears to be a boon for the Indian iron ore sector and U.S. Steel shares dipped after hours Thursday following […]
