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% […]
Category: Ferrous Metals
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 […]
This Morning in Metals: Tangshan Mills Boost Steel Production
This morning in metals news, mills in the Chinese city of Tangshan have increased steel production despite the official start of winter cuts, LME copper prices fell and U.S. imports of aluminum from Australia have been on the rise. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tangshan Boosts Steel […]
World Steel Association Forecasts Steel Demand to Grow by 3.9% in 2018
The World Steel Association yesterday released its Short Range Outlook (SRO), in which it forecasts global steel demand to grow 3.9% in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global steel demand is projected to hit 1,657.9 million tons (MT). Meanwhile, the SRO forecasts global steel demand will rise by […]
This Morning in Metals: U.S. Eyeing Steel Quotas for Mexico
This morning in metals news, the U.S. is reportedly looking to impose steel quotas on Mexico, the World Steel Association boosts its forecast for global steel demand and U.S. Steel reaches a tentative agreement with United Steelworkers to avoid a potential strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: U.S. Steel Sector Gets a Downgrade from Credit Suisse
This morning in metals news, Credit Suisse has downgraded the outlook for the U.S. steel sector, a Turkish steel company CEO is optimistic the U.S. will roll back the recently doubled Section 232 metals tariffs and Brazilian miner Vale posted record Q3 iron ore output. Need buying strategies for steel? Request your two-month free trial […]
Latest Tragedy at Indian Steel Plant Again Raises Red Flags Regarding Safety Standards
Loss-making balance sheets and cost-cutting in — or lax — oversight of health and safety can go hand in hand; they are often examples of poor management. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The aforementioned also sometimes go hand in hand with state ownership – in both the […]
Week in Review: Mining in Goa, Alunorte’s Stop and Start, and MMI Week
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. […]