This morning in metals news, China hit a record vis-a-vis steel production, China responded to the U.S.’s threat of $200 billion in tariffs and copper continues its slide. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Record June China steelmakers put out a record amount of steel, on a daily […]
Category: Ferrous Metals
DOC Launches Anti-Dumping, CVD Investigations of Steel Rack Imports From China
Last week, the U.S. Department of Commerce announced it had launched anti-dumping (AD) and countervailing duty investigations of steel rack imports from China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The alleged dumping margins in the AD case are 130.0-144.5%, according to a DOC release. The DOC added there 28 alleged […]
India, U.S. Set to Meet Over Metals Tariffs This Week
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminum. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The […]
The July MMI Report: Metals Markets Post a Down Month as Trade Tensions Rise
It was another busy month in the world of metals. Then again, these days quiet months in metals or in trade, generally, are few and far between. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trade tensions continued to rise, as $34 billion in tariffs on Chinese goods went into effect […]
This Morning in Metals: Trump Threatens China With Additional $200B in Tariffs
This morning in metals news, President Donald Trump threatened China with an additional $200 billion in tariffs, copper fell to a one-year low and Glencore released a statement regarding the subpoena it received from the U.S. Department of Justice in its corruption probe. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Stainless Steel MMI: LME Nickel Prices Fall While Stainless Surcharges Rise
The Stainless Steel Monthly Metals Index (MMI) fell slightly this month, down to 82 from 84. Despite the fall in the Stainless Steel MMI, the index remains at February 2015 highs. The index dropped due to a slight decrease in LME nickel prices in June. However, stainless steel surcharges inched higher again this month, remaining […]
Raw Steels MMI: Steel Prices Sit at More Than Seven-Year High
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 […]
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 […]