Even if U.S. steelmakers have been slow to add capacity following President Trump’s tariff protection, it would seem foreign steel makers are willing to commit to domestic U.S. production. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Financial Times this week reported on the announcement by BlueScope Steel, Australia’s biggest […]
Category: Ferrous Metals
This Morning in Metals: Domestic Raw Steel Production Up 5% Year Over Year
This morning in metals news, domestic raw steel production for the week ending Aug. 11 jumped 5% compared with the same week last year, the U.S. has raked in more than $1.4 billion from its steel and aluminum tariffs, and China’s aluminum production surged in July. Need buying strategies for steel? Try two free months […]
Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch
The spike in aluminum prices this quarter, caused by the initial announcement of sanctions on Oleg Deripaska and his investments, is an issue anyone in the aluminum sector will be only too well aware of. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Prices spiked in days and were associated with a number […]
This Morning in Metals: U.S. Steel Mills See 3.2% Jump in Shipments
This morning in metals news, U.S. steel mills shipped 3.2% more steel in June 2018 than in June 2017, President Donald Trump announced the doubling of steel and aluminum tariff rates against Turkey, and Ford is feeling the effects of rising metals prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Week in Review: MMI Week, Trade War Impacts and India Postpones Retaliatory Tariffs
Before we head into the weekend, let’s take a look back at the week that was and some of the metals stories here on MetalMiner®: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MMI Week continued, this week with posts on: Automotive Raw Steels Copper Rare Earths Renewables Stainless Steel Aluminum […]
This Morning in Metals: China Responds to U.S. with $16B in Tariffs
This morning in metals news, China responds to the U.S.’s $16 billion in tariffs with the same amount in return, China’s additional announced $60 billion tariff threat could have a significant impact on the liquefied natural gas sector and copper traded flat yesterday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Aluminum MMI: LME Prices Fall Toward Support Level
The August Aluminum Monthly Metals Index (MMI) fell two points last month. The current Aluminum MMI index now stands at 93 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in July. However, the rate of the declines has slowed. Price changes do not appear to be sharp and […]
Stainless MMI: LME Nickel, Stainless Surcharges Drop
The Stainless Steel Monthly Metals Index (MMI) fell again this month. The slide of four points moved the index to 78 from the previous 82 reading. The index fell back to May 2018 levels. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The index dropped due to a slight fall in […]
Renewables MMI: BHP Billiton Looks to Increase Cobalt Sulphide Production
The Renewables Monthly Metals Index (MMI) dropped three points for an August MMI reading of 105. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook BHP Getting Into Cobalt Miner BHP Billiton has plans to ramp up its production of a cobalt product used in electric vehicle (EV) batteries, Bloomberg reported. Per the […]
This Morning in Metals: USTR Moves Forward With $16B in Tariffs
This morning in metals news, the Office of the United States Trade Representative announced it will move forward with $16 billion in tariffs on Chinese imports (out of an initially announced total of $50 billion in tariffs), Chile posted solid copper exports in July and U.S. raw steel production data is in for the week […]