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 […]
Category: Ferrous Metals
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 […]
Cliffs-AK Steel merger not likely to leapfrog EAFs
Cliff’s acquisition of AK Steel suggests it can leapfrog EAF steel producers like Nucor and SDI with a better raw material cost structure, cost synergies and new pig iron production.
Flash Analysis: Trump’s reinstatement of tariffs on steel, aluminum from Brazil and Argentina — and what it means
U.S. President Donald Trump has tweeted that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina, according to Reuters. On Monday, Trump also urged the Federal Reserve to prevent countries from taking advantage of a strong dollar by devaluing their currencies, reports Reuters. Both countries’ imports would get hit […]
Global steel production drops 2.8%, China’s falls 0.6%
Global crude steel production took a fall in October, including in No. 1 steel producer China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to statistics compiled by the World Steel Association — using data from 64 data-reporting countries — global steel production fell 2.8% in October on a […]
This Morning in Metals: U.S. steel imports down 16%
This morning in metals news, U.S. steel imports were down 16% through the first 10 months of the year, steel companies are raising their prices and protests continue in the world’s top copper-producing country. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Steel […]
This Morning in Metals: Steel imports rise; U.S.-China trade talks continue
This morning in metals news, the U.S. Census Bureau reported October steel imports increased from the previous month, U.S.-China trade talks continue and industrial production declined in October. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Steel imports rise According to the U.S. […]