Nations around the world have worked to formulate their responses to the U.S.’s Section 232 steel and aluminum tariffs of 25% and 10%, respectively, since they were instituted earlier this year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Domestically, businesses have had the opportunity to file tariff exclusion requests with […]
Category: Ferrous Metals
May Steel Imports Down 23% From Previous Month
U.S. imports of steel dropped 23.2% in May compared to the previous month, according to an American Iron and Steel Institute (AISI) report citing U.S. Census Bureau data. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The U.S. imported a total of 2,887,000 net tons of steel in May. The finished […]
Global Crude Steel Production in May Up 6.6% Year Over Year
Global crude steel production in May rose 6.6% compared with production in May 2017, according to a World Steel Association report released Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Global production for the month hit 154.9 million tons (MT), according to the report. Several Asian nations saw significant upticks […]
Good and Bad News From the Indian Iron Ore Sector
For the first time in years, India’s iron ore production crossed the 200 million tons per annum (MTPA) milestone. For 2017-18, output touched 210 MT, mostly on increased production in the provinces of Odisha and Karnataka, which was 9% higher than the 192 MT produced in 2016-17. This was also the first time crossing that […]
India Says New Steel Policy Has Added 24M Tons of Steel Capacity
India’s new steel impetus has started to pay dividends, it would seem. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Government of India (GoI) has claimed that not only had the new policy saved it about $739 million (Rs 5000 crore) by way of foreign exchange, it had also helped […]
U.S. Steel Imports Down 2.5% Through First Five Months of 2018
The U.S. imported 2.5% less steel through the first five months of 2018 compared with the same period in 2017, according to a recent report from the American Iron and Steel Institute (AISI). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Citing data from the Department of Commerce’s Steel Import Monitoring […]
This Morning in Metals: Tariffs on China Coming Soon?
This morning in metals news, one report says President Trump could impose tariffs on China as early as this Friday, copper drops to a one-week low and a Mexican presidential candidate says failure to renegotiate the North American Free Trade Agreement (NAFTA) cannot be “fatal” for the Mexican people. China Tariffs Could be Coming According […]
This Morning in Metals: U.S.’s Steel Shipments Fall in April
This morning in metals news, U.S. steel shipments in April were down from the previous month but are up for the year to date, U.S. Steel announces it plans to add more than 800 jobs this year and Tata Steel workers in Europe are questioning the company’s planned joint venture with German steelmaker Thyssenkrupp. Need buying strategies […]
This Morning in Metals: China’s Aluminum, Steel Exports Surge in May
This morning in metal news, steel and aluminum exports from China were up in May; the National Retail Federation CEO panned the U.S.’s tariffs; and a White House economic analysis reportedly concludes President Trump’s tariffs will hurt economic growth. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Exports on the Rise […]
This Morning in Metals: Chinese Steel Exporters Pursue New Buyers
This morning in metals news, Chinese steel exporters are looking for new destinations for their products, U.S. Steel is planning on restarting another Illinois blast furnace and steel production is up 1.9% in the year to date. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Looking For Buyers On the heels […]
