Global crude steel production in July grew, but the rate of growth slowed considerably last month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting to the World Steel Association totaled 156.7 million tons in July, up 1.7% compared with July 2018. The production growth […]
Category: Ferrous Metals
This Morning in Metals: U.S. Raw Steel Production Rises 4.4%
This morning in metals news, U.S. raw steel production for the year through Aug. 24 is up 4.4%, Beijing’s Chalco reported profits declined in the first half of the year and India’s steel demand is slowing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Raw Steel Production Jumps 4.4% The […]
This Morning in Metals: Steel Imports Down 10.6% Through July
This morning in metals news, U.S. imports of steel are down 10.6% for the first seven months of the year, U.S. Steel plans to idle its East Chicago plant, and China will raise tariffs on imports of copper scrap and aluminum scrap from the U.S. Need buying strategies for steel? Request your two-month free trial […]
Week in Review: Risk Mitigation, Trump and Greenland, and a Chicago Nonprofit Teaches Skills
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Bill DeMartino of riskmethods recently spoke at MetalMiner’s Forecasting Workshop on the subject of risk mitigation tips and […]
India Could be Net Steel Importer for Second Straight Year
All indicators seem to show that India may end up being a net importer of steel for the second consecutive year in fiscal year 2020, according to sector experts and ratings agencies. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The reasons underpinning this development are many. In a desperate […]
Report: U.S. Steel to Move Away from Spot Market-Based Sheet Steel Contracts in 2020
As metals buyers look to lock in their metals spend strategy, a reported decision by U.S. Steel could throw a wrench into some of those plans. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to a report by S&P Global Platts, the Pittsburgh-based steelmaker plans to move away from […]
This Morning in Metals: China Hopes to Reach U.S. Halfway in Trade Talks
This morning in metals news, China says it hopes to reach a compromise with the U.S. on trade, the U.S. Department of Commerce self-initiated an investigation related to imports of corrosion-resistant steel products and iron ore prices continue to slide. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Looking for […]
Stainless MMI: Index Jumps Six Points on Nickel Price Surge
The Stainless Steel Monthly Metals Index (MMI) jumped six points for an August reading 75 on the back of strong nickel price gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Within the Stainless MMI basket, LME nickel prices increased the most once again this month, recording a 13% increase. […]
Raw Steels MMI: Mixed Price Movements Lead to One-Point Index Drop
The Raw Steels Monthly Metals Index (MMI) fell one point this month for an August reading of 74. Small price increases for some metals did not outweigh a few steeper price drops, bringing the index down for the month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices […]
This Morning in Metals: Vale’s July Iron Ore Production Hits 9-Month High
This morning in metals news, Vale’s resumption of activities boosted its iron ore production to its highest level in nine months, ArcelorMittal released its second-quarter financial results and a U.S. judge blocked a planned copper project in Arizona. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Vale Production Surges in […]
