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 […]
Category: Ferrous Metals
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 […]
Copper MMI: Copper Trades Sideways as Subindex Stands Pat
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). […]
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 […]