This morning in metals news, India is considering upping its steel import duty, China’s spending on subways could assist its steel sector and an update in the Rusal sanctions saga. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supporting the Rupee In order to give support to its currency, the […]
Category: Ferrous Metals
Moody’s Paints Bullish Picture of Indian Steel Sector
Moody’s Investors Service has said India will be the brightest spot for the steel sector over the next 12-18 months, according to a report by the Hindu Business Line. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Moody’s pointed out that India’s steel consumption was rising at least 5.5%-6% every […]
GOES MMI: Spot Prices Slide While Manufacturers Challenge AK Steel, Metglas
Grain-oriented electrical steel (GOES) prices fell for the second month in a row, with multiple large power equipment manufacturers requesting exclusions from the Section 232 tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook What makes these requests noteworthy involves the arguments made by each of the firms. One of […]
Stainless MMI: Nickel Prices, Stainless Steel Surcharges Drop
The Stainless Steel Monthly Metals Index (MMI) fell again this month. The slide of six points moved the index to 72 from the previous 78 reading. Lower nickel prices led the fall, while domestic stainless steel surcharges also fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The drop in […]
This Morning in Metals: USW, U.S. Steel Continue Contract Talks
This morning in metals news, the United Steelworkers union is reportedly not happy with U.S. Steel’s latest contract proposal, Vice President Mike Pence touts a steel resurgence in Michigan and South Korean firms seek an exemption from the E.U. steel safeguards. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Union […]
Raw Steels MMI: Domestic Steel Price Momentum Slows
The Raw Steels Monthly Metals Index (MMI) traded sideways this month, driven by slower domestic steel price momentum. The current Raw Steels MMI fell to May 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have started to fall slightly. Prices traded lower in August, showing […]
This Morning in Metals: Steel, Raw Material Prices Fall in China
This morning in metals news, prices of steel and raw materials in China are slumping, India is eyeing the No. 2 spot in the list of top global crude steel producers and copper jumps as the euro rises. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Prices Drop in China […]
This Morning in Metals: U.S. Steel Shipments Rise 5.8%
This morning in metals news, July shipments by U.S. steel mills were up compared to last year, U.S. raw steel production for the week ending Sept. 8 was up 9.8% compared with the same week last year and the Aluminum Association asked the Trump administration to provide quota-free tariff exemptions for Canada and Mexico. Need […]
This Morning in Metals: August Steel Import Market Share Hits 21%
This morning in metals news, the U.S.’s steel import market share was 21% last month, ArcelorMittal reached a provisional deal with the trade unions of Italy’s Ilva and the Bureau of Labor Statistics released U.S. employment data for August. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Import Market […]
Hot Off the Press — MetalMiner’s 2019 Annual Metal Outlook!
Have you set your 2019 metals budget? Make sure your purchasing strategy is sound with MetalMiner’s free 2019 Annual Metals Outlook! Arriving just in time for budgeting season, this report contains the unique insight, analysis and tools you need as a metal buyer or manufacturer to know when and how to make the buying decision […]
