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 Many are hoping for a return to a heavy mining presence in the Indian state of Goa. […]
Category: Ferrous Metals
This Morning in Metals: Canada Plans to Impose 25% Steel Tariff, Quotas
This morning in metals news, Canada plans to impose tariffs and quotas on seven categories of steel, the VIX surged this week to an eight-month high, and China’s steel and aluminum exports held relatively steady last month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canada to Impose Steel Safeguards […]
This Morning in Metals: Chinese Steelmaking Hub Orders Production Cuts Over Next Week
This morning in metals news, the Chinese city of Tangshan has called for called for a 50% cut in production over the next week, AK Steel won a $1.2 million award from the Department of Energy and Novelis broke ground on a new automotive aluminum facility in China. Need buying strategies for steel? Request your […]
Stainless Steel MMI: LME Nickel Price Volatility Decreases
The Stainless Steel Monthly Metals Index (MMI) traded sideways in October. The current index stands at 72 points, back at January 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The sideways trend was created by a less volatile nickel price and lower domestic stainless steel surcharges, while stainless […]
This Morning in Metals: Gillette Wins Exemption from Section 232 Steel Tariff
This morning in metals news, Gillette gets a break from the U.S.’s Section 232 steel tariff, Century Aluminum strikes a deal to keep its Charleston smelter going through at least 2020 and Indian steel mills are increasingly looking outside the country for iron ore. Need buying strategies for steel? Request your two-month free trial of […]
GOES MMI: ABB, Cooper Power Battle AK Steel in GOES Section 232 Exclusion Requests
GOES Monthly Metals Index (MMI) spot prices took a big drop while large power equipment manufacturers went head to head with the sole U.S. producer of grain-oriented electrical steel (GOES), AK Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook GOES appears more challenging under Section 232 because both producers […]
Raw Steels MMI: Subindex Holds at 89 For Third Straight Month
The Raw Steels Monthly Metals Index MMI again traded sideways this month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This marks the third consecutive month the index has held at 89 points. The current Raw Steels MMI is at May 2018 levels. Domestic steel prices have decreased sharply and steel […]
This Morning in Metals: U.S. Steel Pulls Back on Some Proposals in Contract Talks
This morning in metals news, U.S. Steel contract talks continue with its workers, aluminum prices continued to rise today after a big surge yesterday and U.S. steel import permit applications dropped significantly in September. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Pulls Back From Some Proposals in […]
This Morning in Metals: Aluminum Association Disappointed in USMCA
This morning in metals news, the Aluminum Association expressed its disappointment in the United States-Mexico-Canada Agreement (USMCA), the Pentagon is reviewing the U.S.’s dependence on foreign sources of critical materials (including rare earths from China) and Section 232 steel tariff exemption requests continue to rise. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Is China at ‘Peak Steel’?
This morning in metals news, steel production in China could be at a peak, Tesla missed its Model 3 weekly production target and U.S. steel capacity utilization hit 79.2% last week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steel Peak According to a Bloomberg report, China is at peak […]
