The Raw Steels Monthly Metals Index (MMI) fell one point further this month, dropping to 89 from the previous 90 reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Raw Steel MMI has returned to May 2018 levels. The slight drop came as a result of slower domestic steel price […]
Category: Ferrous Metals
This Morning in Metals: Shandong Province Announces Plans for Steel Capacity Cuts
This morning in metals, a Chinese province announced new capacity cut targets as part of the country’s overall environmental plans, copper supply-side issues and Vedanta’s quarterly earnings rise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Plans to Cut Steel, Coal Capacity China’s Shandong province has new targets for cuts on steel and […]
Automotive MMI: Fiat Chrysler Sales Up in Overall Down Month For Automakers
The Automotive Monthly Metals Index (MMI) retraced four points, hitting 99 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales July was a down month for Ford, which saw its U.S. sales drop 3.1%. Ford car sales were down 27.7% year over year, and 15.7% in […]
Construction MMI: June Spending Falls 1.1% From Previous Month
The Construction Monthly Metals Index (MMI) lost three points this month, hitting 90 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending, Employment According to U.S. Census Bureau data, U.S. construction spending in June fell 1.1% from the previous month. Spending in June hit $1,317.2 billion, […]
This Morning in Metals: AIIS Seeks Funds for Section 232 Lawsuit
This morning in metals news, a trade association looks to raise money to support its lawsuit against the Section 232 steel tariff, Honda’s quarterly earnings hit a 12-year high and the oil price’s recent dip may just be temporary. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook American Institute for International […]
Global Crude Steel Production Rises 5.8% Year-Over-Year in June
World crude steel production in June jumped 5.8% compared with June 2017, according to a recent World Steel Association report. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Production among the 64 countries reporting to the association amounted to 151.4 million tons (MT) in June. For the first six months of […]
Aleris Finds a Buyer in India After Failing to Find an Acquirer in China
China Zhongwang Holdings failed to close a deal to buy Aleris last year after concerns were raised about the national security and corporate responsibility track record of the Chinese group. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not that we think of Novelis as Indian, but they are. Since 2007, the ex-Alcan […]
This Morning in Metals: Chinese City Prepares Steel Output Cuts
This morning in metals news, a Chinese city in Jiangsu province plans to enforce steel and chemical output cuts, U.S. companies requesting exclusions from the Section 232 steel tariff are feeling the heat and countries around the world are meeting to discuss a potential response should the U.S. impose automotive tariffs. Need buying strategies for […]
The Disconnect Between Iron Ore and Finished Steel Prices in China
We had a little mythbusting discussion the other day here at MetalMiner®, including, among other examples, that tracking raw material inputs is no predictor of finished product prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Take, for example, iron ore. Prices fell this spring and have been bouncing around either […]
Week in Review: India’s Coal Shortage, LMEselect and USTR Tariff Hearings
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? Try two free months of MetalMiner’s Outlook India has a coal shortage that comes to the benefit of the U.S. coal industry. Stuart Burns delves […]
