It may have taken well over 850 days for its culmination, but the recent completion of an acquisition in India is being touted as the “single-biggest recovery” under the Insolvency and Bankruptcy Code (IBC) process in India.
Category: Ferrous Metals
DOC issues circumvention rulings on steel imported via Vietnam
The U.S. Department of Commerce (DOC) issued five affirmative determinations in anti-dumping and countervailing subsidy circumvention investigations related to steel imports that had been shipped through Vietnam but originally produced elsewhere. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the Department of Commerce, the […]
U.S. steel industry’s year-to-date capacity utilization holds at 80.1%
The U.S. steel industry’s capacity utilization rate for the year through Dec. 14 held at 80.1% for the second straight week, according to weekly production reported by the American Iron and Steel Institute (AISI). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The U.S. steel industry […]
Week in Review: Tariffs on Argentina, Brazil?; nickel prices slide; Saudi Aramco debuts on Riyadh exchange
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Stuart Burns on President Donald Trump’s recent announcement regarding tariffs on steel and aluminum […]
Raw Steels MMI: Steel price increases boost the index
The Raw Steels Monthly Metals Index (MMI) showed some strength this month with a three-point increase, rising to 69 from 66 last month. U.S. steel prices rebounded in November when recent mill prices increases took effect. Once again, plate price increases have lagged behind the other forms, (similar to July, when plate prices failed to […]
India’s domestic steel demand fell in October for the first time in 7 months
India may have become a net exporter of steel this year, but domestic demand may remain a problem area. The US-based Moody’s Investors Service has said in a recent report, titled “Asia: Steel – 2020 outlook,” that India’s steel growth will slow down in the coming days because of weak automotive and manufacturing demand. Looking […]
This Morning in Metals: White House, House Democrats reach deal on revised USMCA
This morning in metals news, the Trump administration and House Democrats have reached a deal on the revised United States-Mexico-Canada Agreement (USMCA), the U.S. steel industry saw its capacity utilization inch further downward in the year to date, and U.S. steel shipments jumped 1.9% in October. Looking for metal price forecasting and data analysis in […]
This Morning in Metals: U.S. steel prices gain momentum
This morning in metals news, U.S. steel prices have gained some upward momentum over the last month, the U.S. and Mexico are reportedly drawing closer to an agreement over revisions to the United States-Mexico-Canada Agreement (USMCA), and U.S. steel import permit applications declined in November. Looking for metal price forecasting and data analysis in one […]
Stainless MMI: Significant nickel price correction leads to a thirteen-point drop
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by thirteen points to 74, the third and largest consecutive monthly drop, with nickel prices correcting significantly. LME nickel prices finally corrected, now back to levels last seen in late July. While prices held on to higher levels for a few months based on […]
Week in Review: Steel production, the December MMO and gold prices
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global steel production contracted in October, according to the World […]
