This morning in metals news, Shanghai steel prices are down, Shanghai zinc and copper prices are also down, and U.S. steel prices are up by double-digit percentages this year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Steel Falls Prices of Shanghai steel have dropped Wednesday for a third […]
Category: Ferrous Metals
EUROFER: E.U. Steel Markets Stabilizing But Facing Numerous Challenges
Growth is stabilizing in E.U. steel markets, according to the director general of the European Steel Association (EUROFER), but the sector nonetheless faces challenges, including trade barriers and high import levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Growth is stabilising in EU steel markets, in line with expectations,” […]
This Morning in Metals: Trump Reviews Metals Tariffs on Canada, Mexico
This morning in metals news, President Trump is reviewing the U.S.’s steel and aluminum tariffs with respect to their application to Canada and Mexico, copper prices are up and the World Trade Organization (WTO) has set up a panel for a dispute between Japan and South Korea. Need buying strategies for steel? Request your two-month […]
September Global Crude Steel Production Up 4.4% Year Over Year
Global crude steel production in September rose 4.4% compared with production in September 2017, according to the World Steel Association’s monthly production report. The percent change represents an increase from the previous month, when August production rose 2.7% compared with August 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Week in Review: Earnings Reports, Capacity Utilization and Palladium’s Rise
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 Nucor reported net earnings of $676.6 million in the third quarter. Global zinc and lead demand is […]
India Grapples with Repercussions of U.S. Metals Tariffs
The ripples continue to spread across the pond of international trade from President Trump’s steel and aluminum tariffs. In a recent post from India reported in Aluminium Insider, an analysis of the scrap, primary and downstream semi-finished metals trades into and out of India reveal how economies on the other side of the globe are grappling […]
DOC Issues Preliminary Determination in CVD Investigation of Chinese Steel Propane Cylinders
The U.S. Department of Commerce (DOC) earlier this week issued an affirmative preliminary determination in its countervailing duty investigation of imports of steel propane cylinders from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The DOC determined Chinese exporters of steel propane cylinders received countervailable subsidies ranging from 42.77% […]
This Morning in Metals: Ford Says Prices of U.S. Steel More Expensive than Anywhere Else
This morning in metals, Ford Motor Co. says prices of U.S. steel are higher than anywhere else in the world, China’s alumina exports surged in September and the LME copper price dropped Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook High Prices U.S. automaker Ford has been vocal about […]
U.S. Steel Capacity Utilization Rate Up Over 3 Percentage Points Through Oct. 20
Although not yet at the coveted 80% mark, the U.S. steel sector’s capacity utilization rate is up over three percentage points in the year to date (up to Oct. 20) compared with the same time frame in 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Through Oct. 20, domestic […]
Credit Suisse Downgrades U.S. Steel Sector Despite Tariff Boon
It seems almost inconceivable that Credit Suisse could be downgrading expectations for the US steel sector, as recently reported by Reuters. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It feels counterintuitive that an industry buttressed by 25% import tariffs would not be riding the crest of a wave, particularly […]
