This morning in metals news, U.S. raw steel production is up through the first 2 1/2 months of the year, Anglo American will temporarily slow work on its Quellaveco copper project in Peru and China’s copper inventories are up to a four-year high. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Category: Ferrous Metals
Indian steel sector could step in as alternate supply chain link as world grapples with coronavirus
Experts in India are of the opinion that the outbreak of the novel coronavirus, COVID-19, presents an opportunity for India to become an alternate supply chain to China in metals, especially steel. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! TV Narendran, Tata Steel’s chief executive […]
This Morning in Metals: DOJ wins arbitration related to Novelis-Aleris merger dispute
This morning in metals news, arbitration fell in favor of the Department of Justice vis-a-vis the proposed merger of Novelis and Aleris, January steel shipments rose 5.6%, and copper made gains off of multiyear lows. – Get metal buying strategies and price alerts for 10 industrial metals. Request an Outlook trial.
Stainless MMI: Index down as weak demand impacts global prices
The Stainless Steel Monthly Metals Index (MMI) declined by three points this month to 67, following a five-point decline last month. LME nickel prices continued to slide as global markets reacted to production delays due to coronavirus, which weakened demand and prices.
This Morning in Metals: Aluminum Association files antidumping, countervailing duty petitions
This morning in metals news, the Aluminum Association filed antidumping and countervailing duty petitions alleging imports of aluminum sheet from 18 countries are harming the U.S. industry, the British Steel takeover is set to be completed today, and the issue of steel and aluminum tariffs on Brazil remains up in the air. Looking for metal […]
Week in Review: Oil falls; steel production rises; Jingye nears British Steel takeover
Before we head into the weekend, let’s take a look back at the week that was with some of the metals coverage here on MetalMiner, including: oil prices, global steel production, Chinese steel stocks, U.S. automotive sales and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]
This Morning in Metals: Steel import permit applications drop 47.5% in February
This morning in metals news, steel import permit applications plunged in February, buyers are lining up to buy British Steel’s plant in France and Vietnam is ramping up purchases of U.S. agricultural goods in the hopes of avoiding tariffs. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]
This Morning in Metals: U.S. steel capacity utilization rate hits 81.8%
This morning in metals news, the U.S steel sector posted a capacity utilization rate of 81.8% through the first two months of the year, a major copper conference has been canceled amid coronavirus concerns and a British Steel takeover deal has finally been reached. Looking for metal price forecasting and data analysis in one easy-to-use […]
China’s steel industry under growing pressure from record inventories
As if the social cost of the coronavirus Covid-19 were not bad enough, some sectors of China’s industrial economy are suffering growing pain despite a supposed return to work last week. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. The property sector, which […]
World Steel Association: Global steel production rises 2.1% in January
As the impact of the coronavirus outbreak began to be felt in latter half of January and into February, the total scope of the health crisis and its ramifications for economies around the world remains to be seen. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request […]
