According to data recently reported jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, U.S. housing starts jumped 1.5% in October compared with the previous month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Privately-owned housing starts hit 1.23 million in October, which marked […]
Category: Ferrous Metals
China’s Steel Industry Consolidation Takes Another Step Forward
Not before time, China’s steel industry is making some progress towards consolidation. Although both sides deny talks are taking place, a Reuters article details information received from various sources that suggests state-owned China Baowu Steel Group is in talks to take over rival local Anhui province government-controlled Magang Group. Need buying strategies for steel? Request […]
Value of U.S. Imports of Steel Hits $2.7 Billion in October
According to preliminary U.S. Census Bureau data released Tuesday, U.S. imports of steel in October hit 3.0 million metric tons, at a value of $2.7 billion. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The October total marks an increase from the previous month, when the U.S imported 2.0 million […]
This Morning in Metals: Senators Request Review of Tariff Waiver Process
This morning in metals news, U.S. senators are asking for an independent review of the Trump administration’s Section 232 tariff waiver process, LME copper is down for the third straight day and Chinese steel mills are preparing for difficult times ahead. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Another […]
October Global Crude Steel Production Up 5.8% Year Over Year
According to World Steel Association data released late last week, global crude steel production in October jumped 5.8% compared with October 2017 production. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting data to the World Steel Association amounted to 156.6 million tons in October. […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
Indian Steel Sector Looks on Nervously at RCEP Trade Talks
A move to hammer out a new trade agreement between the Association of Southeast Asian Nations (ASEAN) and other associated free trade agreement (FTA) countries has left India’s steel, manufacturing and other industries somewhat jittery. The country’s steel sector has been working overtime trying to make the Narendra Modi-led government understand its concerns, pointing to […]
This Morning in Metals: Mexico Expects U.S. to Lift Metals Tariffs with USMCA Signing
This morning in metals news, the Mexican ambassador to the U.S. told news agency McClatchy he expects the U.S. to lift its steel and aluminum tariffs, world aluminum production jumped in October, and Norilsk Nickel says it is willing to work with London-listed Kaz Minerals on a copper project in Russia. Need buying strategies for […]
AISI: Year-to-Date Steel Capacity Utilization Rate Jumps to 78%
The U.S.’s capacity utilization rate for steel continues to inch toward that magic 80% benchmark. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to data from the American Iron and Steel Institute (AISI), the U.S.’s steel capacity utilization rate for the year through Nov. 17 reached 78%, up from […]
This Morning in Metals: Tokyo Steel Announces Plate Price Increase
This morning in metals news, Tokyo Steel plans to raise plate prices, Rio Tinto says new aluminum capacity is needed outside of China and copper prices tick upward. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Plate Prices Rise Tokyo Steel plans to raise heavy plate prices by 2.5% in […]