The U.S. steel sector’s steel capacity utilization reached 80.4% for the week ending Nov. 23, as steel prices have recently showed some signs of bouncing back as we inch closer toward 2020. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date steel production reached 87.20 million net tons at […]
Category: Ferrous Metals
Don’t look to Beijing to raise global growth via stimulus as it has in the past
In previous downturns, Beijing has taken a range of stimulus measures to keep the economy growing robustly; as a result, it has contributed positively to global GDP and commodity prices. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. But this time around Beijing […]
Week in Review: ArcelorMittal Closures, Platinum Demand and a Call for a Section 232 Sunset
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, including our coverage of: ArcelorMittal’s plant closure in South Africa, the oil price outlook, U.S. steel capacity utilization and steel prices, CAMMU’s call for a Section 232 sunset provision, and […]
This Morning in Metals: Tesla unveils new stainless steel ‘Cybertruck’
This morning in metals news, automaker Tesla this week showed its new Cybertruck, Chinese President Xi Jinping said he wants to reach an initial trade deal with the U.S. and the CEO of Ace Hardware said the Trump administration’s tariffs are “manageable.” Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
This Morning in Metals: Section 232 auto tariff deadline passes — with no decision
This morning in metals news, trade experts cited by Reuters say the U.S. might have to find another route to impose tariffs on imported automobiles, Japan’s crude steel output dropped in October and U.S. steel prices have started to show some signs of upward momentum. Need buying strategies for steel? Request your two-month free trial […]
India appeals WTO compliance panel ruling on hot-rolled carbon steel subsidies
It looks like India is not going to give up its fight with the U.S. and the WTO so easily. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! But first, the original story. Last week, adjudicators of the World Trade Organization (WTO) rejected most of India’s […]
Chinese steel, raw material prices are on the rise
Amid the doom and gloom on steel prices – at least for producers, you won’t hear consumers complaining — a couple of Reuters reports suggest some of the relentless pressure on prices may ease early next year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Demand in top consumer China […]
This Morning in Metals: Asian Stocks Fall on Trump’s Tariff Threat
This morning in metals news, President Donald Trump threatened to raise tariffs on China if a deal isn’t reached, Norsk Hydro has closed its fabrication business unit in Drunen, Netherlands, and the European Steel Association (EUROFER) called for reinforcement of the E.U.’s steel safeguards. Keep up to date on everything going on in the world […]
Metal manufacturers, users call for Section 232 sunset provision
More than a year and a half has elapsed since President Donald Trump, leveraging Section 232 of the Trade Expansion Act of 1962, imposed tariffs on imported steel and aluminum of 25% and 10%, respectively. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump applied the tariffs using the Section […]
This Morning in Metals: Supply Dynamics Wins Microelectronics Supply Chain Provenance Challenge
This morning in metals news, Supply Dynamics took home a national award in the Microelectronics Supply Chain Provenance Challenge, China is investigating steel excess capacity and the Indian Supreme Court has given the green light to ArcelorMittal’s acquisition bid of Essar Steel. Keep up to date on everything going on in the world of trade […]