Given the state of trade relations and the imposition of tariffs, it’s not surprising that the U.S. has imported less steel so far this year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to a recent American Iron and Steel Institute (AISI) report, U.S. imports of finished steel fell 10.1% […]
Category: Ferrous Metals
This Morning in Metals: Chinese Steel Prices Running Opposite the Stock Market
This morning in metals news, Chinese steel prices are not running in the same direction as the Chinese stock market, copper hit a two-week high and automaker shares were up on yesterday’s NAFTA news. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Surging The Chinese stock market has been […]
Turkey’s Disproportionately Large Steel Sector Heavily Impacted by Tariffs
Turkey may not be a big cheese in many ways, but its currency has taken a hammering following President Donald Trump’s threats of doubling tariffs and dire sanctions against a select few individuals close to authoritarian President Recep Tayyip Erdoğan. But apart from the impact on one or two other emerging-market currencies, like South Africa’s, […]
This Morning in Metals: U.S., Mexico Reportedly Reach Preliminary NAFTA Deal
This morning in metals news, the U.S. and Mexico reportedly reached a deal on the North American Free Trade Agreement (NAFTA), China’s Baosteel posted a surge in first-half profits and Japan’s steel output dropped unexpectedly in July. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook NAFTA Deal According to media reports, the U.S. […]
Week in Review: Natural Gas, the U.S. Dollar and Utah Oil Sands
Before we head into the weekend, let’s take a look back at the week that was and some of the metals-related 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 the natural gas sector, which make be in for a shakeup […]
Turkey Goes to WTO For Consultations With U.S. Over Additional Steel, Aluminum Duties
In the latest move in the recent saga of burgeoning tensions between the U.S. and Turkey, the latter has filed a request with the World Trade Organization (WTO) for consultations over the U.S.’s additional steel and aluminum tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The request was circulated to […]
This Morning in Metals: U.S. Steel Shipments Rise 3.2% Year Over Year
This morning in metals news, U.S. steel mills saw their shipments rise in June, Shanghai rebar steel prices hit a nearly seven-year high and copper recovers on optimism regarding U.S.-China trade talks. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Shipments Surge Shipments from U.S. steel mills rose 3.2% year […]
Week in Review: Rusal, the U.S.-Turkey Conflict and Data in Risk Mitigation
Before we head into the weekend, let’s take a look back at the week that was and some of the metals-related storylines here on MetalMiner: MetalMiner’s Stuart Burns took a look at Rusal and the impact U.S. sanctions have had on the Russian aluminum giant since April. In case you missed it, our August Monthly […]
This Morning in Metals: Tariffs Saving the U.S. Steel Industry? Trump Says Yes
This morning in metals news, President Trump claimed his tariffs are saving the U.S. steel industry, steel supplies from Japan and South Korea to India have increased, and Turkey hits back with new tariffs in response to the U.S.’s doubling of the steel and aluminum tariffs. Lower your aluminum spend – Take a free trial […]
This Morning in Metals: Escondida Union to Take New Proposal to Workers
This morning in metals news, the workers at the Escondida mine in Chile will consider a new proposal as the threat of a strike looms at the world’s largest copper mine, Canada is considering safeguard mechanisms to combat U.S. tariffs and copper continues to struggle. Need buying strategies for steel? Try two free months of […]