This morning in metals news, the U.S. Senate is prepared to vote on a $2 trillion stimulus package Wednesday, U.S. steel imports are down 21% and U.S. Steel is idling its Lorain tubular plant.
Category: Ferrous Metals
This Morning in Metals: Congo locks down mining province after coronavirus cases
This morning in metals news, the Democratic Republic of the Congo has reportedly locked down a mining province for 48 hours, the U.S. steel sector’s steel capacity utilization rate is 81.7% for the year through March 14 and Ford provided an update on its North American operations amid the coronavirus crisis. Looking for metal price […]
This Morning in Metals: U.S. closing border with Canada to ‘non-essential traffic’
This morning in metals news, President Donald Trump announced the U.S. and Canada have mutually agreed to close their shared border to non-essential traffic, Indian steel stocks have gotten a boost this week and Chinese iron ore futures made gains. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Moody’s: Metals and mining sectors among those with ‘moderate’ exposure to coronavirus fallout
As government entities in the U.S. battle to curb the spread of the coronavirus (COVID-19), incrementally stricter provisions on public gatherings have been implemented. Large businesses, from casinos on the Las Vegas strip to Disney World, have closed up shop. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
This Morning in Metals: U.S. steel production up 0.4% through March 14
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? […]
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 […]