According to the latest monthly imports report from the American Iron and Steel Institute (AISI), steel imports jumped 17.3% in January from December totals. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Compared with January 2017, however, imports were up 2.2%, according to the AISI report based on U.S. Census Bureau […]
Category: Ferrous Metals
This Morning in Metals: U.S. Raw Steel Production Picked Up
This morning in metals news, domestic raw steel production for the week ending Feb. 24 was up slightly from the same week last year, Shanghai copper prices drop and Japan’s steel exports rose 24.1% in January. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Raw Steel Production Up 0.7% Year Over […]
This Morning in Metals: China’s Extension of Production Cuts Boosts Steel, Iron Ore Futures
This morning in metals news, the extension of pollution-curbing efforts in China is offering a boost to iron ore and steel futures, an Australian steel company is nervous about the possibility of Section 232-related steel tariffs from the U.S., and Mexico fined a steel company for stock manipulation. Need buying strategies for steel? Try two […]
This Morning in Metals: U.S. Dept. of Defense Backs Targeted Steel, Aluminum Tariffs
This morning in metals news, the U.S. Department of Defense recently indicated it would prefer targeted tariffs as opposed to a blanket strategy, Australian Prime Minister Malcolm Turnbull will press President Donald Trump on an assurance last year that Australia would be exempted and London copper is down for the week. Buying Aluminum in 2018? […]
This Morning in Metals News: Nickel, Zinc Hit More Than 1-Week Lows
This morning in metals, zinc and nickel dropped to their lowest prices in over a week, another country hints at retaliation vis-a-vis potential U.S. Section 232 tariffs and Chinese steel mills are looking to increase output before future cuts take hold.Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Nickel, Zinc Post […]
This Morning in Metals: Chinese Scrap Steel Exports Jump in 2017
This morning in metals news, China’s scrap steel exports surged last year, two popular American non-metal products could be affected by steel and aluminum tariffs, and a miner of gold and silver looks to get into copper and zinc. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Scrap Steel Exports […]
This Morning in Metals: U.S. Raw Steel Production Down 1.9% in Year to Date
This morning in metals news, U.S. raw steel production in the year to date is down 1.9%, South Korea announced it would consider going to the World Trade Organization (WTO) if the Trump administration goes with through with steel tariffs and copper prices slide as the U.S. dollar continues its recovery from last week’s three-year […]
The British Steel Industry is Showing Signs of Recovery
The revival of steel production in mature markets does not need to be all about state aid and protection. Although some would argue the steel industry in the U.K. would not be in the condition it is now if it had state aid and protection in previous decades. Need buying strategies for steel? Try two […]
Is Aluminum Not as Strong as it Should Be?
You may be excused for wondering quite what is happening to the aluminum price. Base metals have continued in a robust rally since the recent volatility knocked prices sideways along with equities and the associated havoc in the bond market. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But having fallen, aluminum prices […]
Department of Commerce Releases Section 232 Aluminum, Steel Recommendations
When the Department of Commerce announced last month that Secretary of Commerce Wilbur Ross had forwarded his Section 232 steel report (and the following week, aluminum) to President Donald Trump, the details of the report were not made public. Section 232 buying strategies – download MetalMiner’s Section 232 Investigation Impact Report today! That changed Friday, […]