The Raw Steels Monthly Metals Index (MMI) fell two points this month, dropping to 90 from the previous 92 reading. Domestic steel price momentum continued, as domestic steel prices increased again. Chinese steel prices also increased in June, adding support to domestic steel prices. Need buying strategies for steel? Try two free months of MetalMiner’s […]
Category: Ferrous Metals
This Morning in Metals: Cobalt Demand Continues to Rise
This morning in metals news, the cobalt craze intensifies, Switzerland goes to the World Trade Organization (WTO) over the U.S. steel and aluminum tariffs, and U.S. raw steel production for the week ending July 7 was up 3.4%. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Demand for Cobalt Rises Cobalt […]
Copper MMI: LME Copper Prices Continue Downtrend
In July, the Copper Monthly Metals Index (MMI) fell by three points, falling to its lowest value since October 2017. The Copper MMI currently stands at 81 points. The decrease came as a result of falling LME copper prices as well as other elements that make up the Copper MMI. Need buying strategies for steel? […]
This Morning in Metals: U.S., China Fire Tariff Salvos
This morning in metals news, the U.S. and China trade tariff jabs, the steel import market share numbers for June are in and thyssenkrupp CEO Heinrich Hiesinger offers his resignation just days after the German firm’s finalization of a merger deal with Tata Steel. Need buying strategies for steel? Try two free months of MetalMiner’s […]
This Morning in Metals: E.U. Approves Provisional Measures to Limit Steel Imports
This morning in metals news, E.U. states have thrown their support behind measures to curb steel imports, Indian steel demand could double by 2025, and copper and zinc prices continue to drop. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Backs Steel Import Curbing Measures E.U. states voted to approve […]
Tata Steel and Thyssenkrupp Reach Final Agreement on Merger
Steel giants Tata Steel and thyssenkrupp have been talking about it since 2016, but now they have finally managed to reach an agreement to merge their European operations into a 50-50 joint-venture, according to the BBC. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The merged business, to be called thyssenkrupp […]
American Institute for International Steel Files Legal Challenge of Section 232 Statute
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 […]
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 […]
