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 […]
Category: Ferrous Metals
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 […]
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 […]