The Stainless Steel Monthly Metals Index (MMI) bounced back this month, rising two points to 69 after last month’s two-point drop. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Movements of individual prices within the index were mixed. LME nickel prices increased the most among price points in the […]
Category: Ferrous Metals
This Morning in Metals: Powell Says Trade Tensions, Global Economy Weigh on U.S. Economic Outlook
This morning in metals news, Federal Reserve Chairman Jerome Powell hinted interest rate cuts could be coming later this month during testimony before the House of Representatives, Southern Copper Corp received authorization from the Peruvian government to build a $1.4 billion mine and U.S. steel shipments in May fell 0.8% from the previous month. Need […]
Raw Steels MMI: Weak U.S. Prices Lead to One-Point Index Decline
The Raw Steels Monthly Metals Index (MMI) fell slightly this month, following last month’s more significant decline. The index came in at 75 this month, down one point from the previous month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices continued their clear drop this month, with […]
This Morning in Metals: DOC Makes CVD Determinations on Fabricated Structural Steel
This morning in metals news, the U.S. Department of Commerce made affirmative determinations in two of three countervailing duty investigations regarding fabricated structural steel, Chinese copper smelters inked deals with Chile’s Antofagasta and India is investigating dumping claims vis-a-vis flat-rolled steel imports from 15 countries. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Hebei Moves Up Capacity Cut Deadline
This morning in metals news, the Chinese steelmaking province of Hebei has moved up its target date for plant relocation and capacity cuts, miners in the Democratic Republic of the Congo are moving to copper as a result of dropping cobalt prices, and Chile’s copper exports fell in June. Need buying strategies for steel? Request […]
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: G20 Wary of Slowing Growth, Calls for ‘Free, Fair’ Trade
This morning in metals news, world leaders gathered in Japan this weekend for the G20 Summit, a deadline for bidding on the liquidated British Steel came and went June 30, and Australia’s iron ore exports are forecast to fall for the first time in 18 years. Need buying strategies for steel? Request your two-month free […]
EUROFER President: Challenges Threaten to ‘Erase’ E.U. Steel Industry
The European steel sector is facing an existential threat based on a variety of factors, according to the president of the European Steel Association (EUROFER), who spoke at the group’s annual conference June 26. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The issue of rising imports has been a […]
This Morning in Metals: Strike Ends at Coldelco’s Chuquicamata Copper Mine
This morning in metals news, a workers’ strike came to an end at top copper producer Codelco’s Chuquicamata mine in Chile, South Korean steelmakers Posco and Hyundai Steel are facing government shutdown orders at some locations over emissions, and the liquidated British Steel has attracted some interest before a June 30 bid deadline. Need buying […]
This Morning in Metals: MetalMiner’s Trade Resource Center is Live
This morning in metals news, MetalMiner now has a trade-centered news portal, the European steel sector is demanding tougher safeguards and the copper price posted gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner Trade Resource Center Tariffs, trade deals and trade wars — the world is abuzz these […]
