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. The European Commission has proposed scaling back a planned increase […]
Category: Ferrous Metals
This Morning in Metals: United Steelworkers Ratify Alcoa Labor Deal
This morning in metals news, members of the United Steelworkers union ratified a new Alcoa labor deal, the European Steel Association (EUROFER) recently released its 2019 European Steel in Figures report and LME copper prices were up Friday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
U.S. Steel Sector’s Capacity Utilization Falls to 80.7%
The U.S. steel industry posted a capacity utilization rate of 80.7% for the year through Sept. 14, down slightly from the 80.8% utilization rate for the year through Sept. 7, according to the American Iron and Steel Institute (AISI). Keep up to date on everything going on in the world of trade and tariffs via […]
Slowing Growth in India, China to Weigh on Iron Ore Market
Iron ore has had a volatile year. Based on a forecast made by sector experts and research agencies, the coming year will not bring any cheer on that front. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Much of the gloom and doom scenarios stems from the fact that two […]
GM Strike Could be a Boon to Steel Buyers
Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the […]
Stainless MMI: Index Jumps 16 Points on Nickel Price Surge
The Stainless Monthly Metals Index (MMI) followed last month’s six-point increase with a 16-point jump this month. Once again, the index surge came as a result of strong nickel price gains, even though a slim majority of global prices in the index declined (albeit mildly compared to nickel price increases). Need buying strategies for steel? […]
European Commission Proposes Lowering Steel Quota Hike to 3%
Lacking a Trumpian figure in overall charge of such measures, import controls take time to be worked out in Europe, as they require consensus among E.U. members that often have conflicting priorities. One issue they do seem to agree on, though, is the need to protect Europe from rising imports of cheap steel products. Need […]
Week in Review: MMIs, U.S. Steel Production and China’s Manufacturing Slowdown
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. MMI week continued with coverage on the following indexes: Rare […]
Raw Steels MMI: Sluggish August Demand Hits Index
The Raw Steels Monthly Metals Index (MMI) dropped more significantly compared to last month’s one-point decline, this month falling by four points to 70. Global prices looked weak overall; however, U.S. futures spot prices increased, along with U.S. shredded scrap prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
This Morning in Metals: China Announces Tariff Exemptions for Some U.S. Goods
This morning in metals news, China announced some U.S. goods would be exempted from tariffs, steel production is down in the Great Lakes region and copper falls amid declining Chinese auto sales. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Announces Tariff Exemptions The Chinese government announced Wednesday that […]
