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. […]
Category: Ferrous Metals
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 […]
India’s Ambitious Water Pipe Plans Could be a Boon to its Domestic Steel Sector
Piped water to all – a new Government of India (GoI) multimillion-dollar scheme announced recently — comes as a pleasant surprise to India’s steel industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Called the “Nal se Jal” scheme (meaning “water connection to all”), this flagship project aims to provide […]
Global Crude Steel Production Rises 4.6% in the First Half of 2019
Global crude steel production reached 925.1 million tons for the first six months of the year, marking a 4.6% increase compared with the same period in 2018, the World Steel Association reported. Year-over-year production growth has fallen each of the last two months, from 6.4% in April to 5.2% in May. Need buying strategies for […]
This Morning in Metals: LME Copper Prices Fall
This morning in metals news, copper dipped on Tuesday, Asian countries are dealing with a glut of steel from China and Heineken is feeling the impact of higher aluminum costs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Slides The LME copper price dipped Tuesday amid U.S.-China trade talks […]
This Morning in Metals: U.S., China Resume Trade Talks
This morning in metals news, U.S. and Chinese trade negotiators resumed talks this week, Goldman Sachs is pessimistic about copper supply and smaller Chinese steel mills are shaking off anti-pollution laws in an effort to compete against larger steel firms in the country. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
U.S. Steel Imports Down 13% in 1H 2019
The U.S. imported 13% less steel in the first half of 2019 compared with the first half of 2018, the American Iron and Steel Institute (AISI) reported recently. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Through the first six months of the year, U.S. total steel imports reached 15.62 million […]
Week in Review: E.U. Steel Quotas, Samarium Cobalt Magnets and Aluminum Prices
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The European Steel Association again criticized the impact of rising steel quotas included within the steel safeguards […]
Tata Steel Plans to Increase Annual Crude Steel Capacity to 30M Tons by 2025
India’s foremost private sector steel company, Tata Steel, plans to increase crude steel capacity to 30 million tons a year by 2025, from the present level of approximately 20 million tons a year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Toward that goal, the steelmaker said it will raise […]