The Copper Monthly Metals Index (MMI) held steady in May at 84 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The sideways trend came as a result of a combination of some elements of the metal basket increasing, such as LME copper, and others falling (such as scrap copper prices). […]
Category: Ferrous Metals
This Morning in Metals: Mexico Takes Aim at Steel, Farm Products
This morning in metals news, Mexico hits back against the U.S.; tariffs aren’t good for relationships with allies, the Aluminum Association’s CEO says; and the E.U. could impose steel and aluminum safeguard measures as early as July. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Mexico Hits Back Retaliation on the […]
World Steel Association Releases 2018 Steel in Figures Report
The World Steel Association (worldsteel) 2018 World Steel in Figures report offers a sweeping view of the industry, including historical data on steel production, apparent steel use and more. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The report, released on Tuesday, is part of what can be seen as a […]
This Morning in Metals: Time is Running Out On E.U.’s Section 232 Exemptions Bid
This morning in metals news, the clock is ticking on the E.U.’s temporary exemption from the U.S.’s steel and aluminum tariffs, global steel output is up, and Germany gets ready for the tariffs to go into effect Friday. Tariff Exemption Deadline June 1 Draws Near The European Union was granted a 30-day extension to its […]
This Morning in Metals: U.S. Says It Will Continue Trade Actions Against China
This morning in metals news, despite a recent detente, the U.S announced it would continue trade actions against China; Canada launched a dumping investigation of steel imports from China, Vietnam and South Korea; and China’s Chinalco gets closer to equaling rival Hongqiao in production with a recent deal. Need buying strategies for steel? Try two […]
World Steel Association: Global Crude Steel Production in April Up 4.1%
According to a World Steel Association report on Friday, global crude steel production in April was up 4.1% compared with April 2017. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The 64 countries reporting to the World Steel Association produced 148.3 million tons (MT) in April. According to the report, China’s […]
Steelmakers Are Performing Strongly … But How Long Will That Last?
Steelmakers’ fortunes are up, and for that we should all rejoice; an industry fighting bankruptcy or suffering long-running losses is not an industry that invests in its products or services. But questions remain about how long the current run of good fortune will continue for Western steelmakers. Need buying strategies for steel? Try two free […]
This Morning in Metals: E.U. Opens Investigation of Steel from China
This morning in metals news, the E.U. opened a new steel investigation, turnover at Russian aluminum giant Rusal and Novelis announces a major investment. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Investigates Chinese Steel According to Reuters.com, the E.U. has launched a new investigation of Chinese hot-rolled steel sheet […]
This Morning in Metals: U.S, China Reach Truce on Trade … For Now
This morning in metals news, U.S.-China trade talks have led to a tenuous truce, Nippon Steel says strong demand is easing the blow of the U.S.’s steel tariff, and shares of US Steel and AK Steel dropped on the heels of the latest developments in the U.S.-China trade talks. Need buying strategies for steel? Try […]
CRISIL Report: Resolution of Indian Stressed Steel Assets Will Alter the Sector
Even as news came in late last week that some of India’s biggest steelmakers were set to expand production after reporting solid quarterly earnings amid strong steel prices, well-known research agency CRISIL has said in a report that resolution of stressed steel assets – those that are bankrupt – will “alter” the Indian steel sector […]
