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 […]
Category: Ferrous Metals
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 […]
China is Taking a Breather in its War on Smog This Winter
In recent years China’s steel sector — particularly the large, state-owned steel mills — have benefited from the enforced closure of capacity on environmental grounds during the winter heating season. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Contrarian as it may at first sound, closure of private mills largely […]
This Morning in Metals: U.S., Canada Reach NAFTA Deal
This morning in metals news, the U.S. and Canada have reached a deal on the North American Free Trade Agreement (NAFTA) after several weeks of talks, Secretary of Commerce Wilbur Ross said the steel and aluminum tariffs on Canada and Mexico will remain in place, and copper prices are down on account of perceived drops […]
Week in Review: Tariffs, Brexit and Excess Steel Capacity
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 Sohrab Darabshaw weighs in on India’s approach to U.S. tariffs. What’s the latest with Brexit? Stuart Burns […]
This Morning in Metals: Copper, Aluminum Prices Drop on News of China’s Adjusted Winter Capacity Cuts
This morning in metals news, copper and aluminum prices drop, Japanese steel exports fall and the U.S. and Canada still remain without a new deal vis-a-vis North American Free Trade Agreement (NAFTA) renegotiation efforts. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Copper, Aluminum Prices Fall on Scaledown of China’s Winer Cuts Copper […]
This Morning in Metals: Steel Imports Fall 1% in August
This morning in metals news, U.S. steel imports fell in August, the Federal Reserve raised interest rates again and Ford’s CEO says the Trump administration’s metals tariffs have cost the automaker $1 billion in profits. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Finished Steel Market Share Hits 21% […]
