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 […]
Category: Ferrous Metals
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 […]
This Morning in Metals: U.S. Weekly Steel Capacity Up to Highest Level Since 2014
This morning in metals news, the U.S. steel industry posted its highest weekly capacity utilization ratio since 2014, U.S. Steel workers hope to see a windfall from rising steel prices and Canada is holding firm in NAFTA talks. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Steel Capacity Utilization Rises The U.S.’s steel […]
European Steel Producers Performing Well Despite Tariffs, Political Turmoil
European steel producers have rarely had it so good— that’s not a statement you would expect to hear describing what has been a horribly cyclical industry that has struggled with overcapacity, political interference and significant legacy costs (such as expensive pension funds). At the same time, the European market has been flooded with cheap imports […]
This Morning in Metals: Argentina Imposes Export Tariffs on Steel
This morning in metals news, Argentina sets exports tariffs, LME copper drops and China’s biggest aluminum-producing city is getting set to roll out high-end aluminum projects. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Argentina Slaps Exports with Tariffs Argentina added export tariffs to all products, including steel, according to S&P […]
Week in Review: Consumption in China, Turkey Tariffs and Vedanta’s Big Plans
Before we head into the Labor Day weekend, let’s take a look back at the week that was and some of the storylines here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MetalMiner’s Stuart Burns took a look at Chinese domestic consumption and its impact on commodities. On Monday […]
This Morning in Metals: Trump Signs Proclamation That Could Offer Tariff Relief to Quota Countries
This morning in metals news, President Donald Trump signed a proclamation that offers “targeted relief” for a quartet of countries subject to metals quotas, Mexico’s steel association urges the government to negotiate a repeal of the U.S.’s steel tariff and Canada rejoins talks with the U.S. regarding the North American Free Trade Agreement (NAFTA). Need […]
Global Crude Steel Production in July Rises 5.8% Year Over Year
Global crude steel production was on the rise last month, jumping 5.8% compared with July 2017, according to a World Steel Association report this week. That rate is down from the 8.5% posted in July 2017 and the 6.4% in June 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According […]
DOC Issues Affirmative Preliminary Determination on Steel Wheels from China
The Department of Commerce handed down an affirmative preliminary determination in its countervailing duty investigation of steel wheel imports from China. In the preliminary determination, the Department of Commerce said the imports benefited from countervailable subsidies ranging from 58.75% to 172.51%. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Imports of […]