You often hear conflicting stories about Chinese steel production. Outright production capacity has been reduced as older facilities were closed under orders from Beijing in 2016-18, while much illegal or non-approved low-quality steel mills, whose output never appeared on reported results, have been forcibly closed. Keep up to date on everything going on in the […]
Category: Ferrous Metals
Week in Review: Steel Prices, Greenland’s Resources and U.S.-India Trade
Before we head into the weekend, let’s take a look at the week that was and some of the storylines on MetalMiner, which this week touched on steel prices, the potential opening up of Greenland’s resources and U.S.-India trade talks. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
This Morning in Metals: U.S. Steel Imports Down 13.6% This Year
This morning in metals news, U.S. imports of steel through the first eight months of the year are down 13.6%, Rio Tinto signed a memorandum of understanding (MOU) with China’s largest steel producer and LME copper prices fell Thursday. Keep up to date on everything going on in the world of trade and tariffs via […]
Chinese Currency Devaluation Helps Reverse the U.S.-Chinese Steel Price Spread
The primary reason to pay attention to Chinese steel prices pertains to the country’s price leadership in the global marketplace. However, since currency dynamics shifted recently, now is a good time to take a more tactical look at the U.S.-China steel price spread. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
U.S. Steel Production Falls, Capacity Utilization Drops to 80.6%
While U.S. steel production continues to remain up in the year to date compared with last year, production has slowed of late. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Year-to-date steel production (through Sept. 21, 2019) reached 70.77 million net tons at […]
Earnings Suffer as U.S. Steel Companies Face Falling Steel Prices
Earnings guidance recently released by U.S. steel companies have a common denominator: the impact of falling steel prices. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Last year, upon the Trump administration’s implementation of Section 232 steel tariffs, domestic steel prices surged. However, since mid-2018, steel […]
Week in Review: Steel Quotas, Oil Prices and a Post-Brexit Trade Landscape
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 […]
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 […]