This morning in metals news, Japan’s steelmakers are on a hot run (despite the bad press of the Kobe Steel quality data falsification scandal), U.S. Steel reported fourth-quarter 2017 net earnings of $159 million and Glencore said production in 2017 was down for most commodities. Need buying strategies for steel? Try two free months of MetalMiner’s […]
Category: Ferrous Metals
Trump Goes After Trade Deals, Calls for $1.5T in Infrastructure Spending During His First State of the Union Address
In an approximately 80-minute speech ranging from jobs and manufacturing to North Korea and Iran, President Donald Trump’s first State of the Union address also touched on issues impacting the metals industry — albeit, perhaps not as directly as one might have expected. (As a brief aside, according to the American Presidency Project, which tracks […]
This Morning in Metals: Indian Crude Steel Production Up 6.2% in 2017
This morning in metals news, Indian crude steel production jumped 6.2% in 2017, a Swiss steel firm was chosen to buy a troubled French steelmaker and Novelis announced that its aluminum will be supplied for the 2018 Jeep Wrangler. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Indian Crude Steel Production […]
World Crude Steel Output Rises 5.3% in 2017: World Steel Association
The World Steel Association released its 2017 annual crude steel report on Wednesday, which showed steel output increases in almost every part of the world last year.Need buying strategies for steel? Try two free months of MetalMiner’s OutlookAccording to the report, the 1,691.2 million tons (MT) produced last year marked a 5.3% increase from the […]
This Morning in Metals: Trump Hits Solar Panels, Washing Machines with Tariffs
This morning in metals news, President Trump slaps import tariffs on solar panels and washing machines, year-to-date domestic raw steel production is down 3.2%, and copper prices continue to rise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trump Adds Solar Panels, Washing Machines to Tariff Mix According to the Washington […]
This Morning in Metals: Kobe Steel Hopes New Personnel Can Help Restore Image
This morning in metals news, Kobe Steel‘s personnel shake-up constitutes one attempt to put distance between the company and its quality data falsification scandal, the chairman of the Japan Iron and Steel Federation said China’s steel output is under control despite record production in 2017 and the fate of the 24-year-old North American Free Trade […]
This Morning in Metals: Chinese Aluminum Output Rises in December
This morning in metals news, China ramped up its aluminum output in December, British police are looking into allegations of pension fraud against steelworkers and India considers a plan to have its steel ministry oversee iron ore and coal operations. Want to see an Aluminum Price forecast? Take a free trial! British Police Look Into […]
Steel Prices Pick Up Momentum to Kick Off 2018
Steel price momentum appears significantly stronger with the start of the year. Steel price momentum shifted in December, showing stronger upward movement. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Despite the momentum, MetalMiner remains cautious about steel prices. The U.S. Department of Commerce’s Section 232 outcome might also add some […]
Dept. of Commerce Announces Preliminary Affirmative Determinations in CVD Investigation of Steel Flanges
The U.S. Department of Commerce took another step forward in its investigation of steel flanges from China and India, announcing affirmative preliminary determinations in its countervailing duty (CVD) investigation on Wednesday evening. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In its release covering the announcement, the department once again touted […]
India’s NALCO Looks to New Projects After Rising Revenues
It’s been great going for India’s state-owned National Aluminium Company (NALCO). Its revenues in sale of alumina are up by 30% year-over-year and it has reported a 94% jump in net profit. Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! The company has now lined up some new projects. According […]
