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 We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]
Category: Ferrous Metals
This Morning in Metals: China’s May Steel Output Hits Record High
This morning in metals news, China’s May steel output surged, Thyssenkrupp named a new chairman of the executive board of its steel business and President Donald Trump continues to push for approval of the United States-Mexico-Canada Agreement (USMCA). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Output Soars […]
Jindal Stainless to Produce Stainless Steel E-Rickshaws
Among many other things, India is a land of auto rickshaws (or “tuk-tuks,” as they are called in Thailand). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook These three-wheeler “traffic dodgers” are a common sight on Indian roads. They also form part of India’s exports to other nations in Southeast […]
This Morning in Metals: ArcelorMittal CEO Wants E.U. to do More to Combat U.S. Tariffs
This morning in metals news, ArcelorMittal’s CEO urged the E.U. to do more to combat the effects of the U.S.’s Section 232 steel tariff, April steel shipments fell 1.4% and China’s Ministry of Commerce said the U.S. is not being taken advantage of on trade. Need buying strategies for steel? Request your two-month free trial […]
Raw Steels MMI: Weak U.S. Prices Lead Subindex Drop
The Raw Steels Monthly Metals Index (MMI) came in at 76 this month, a 5% drop, after several months of sideways movement and a May reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices formed a clear downward price trend. A mix of factors led […]
Stainless MMI: LME Nickel, Stainless Surcharges Fall Back
The Stainless Steel Monthly Metals Index (MMI) dropped two points again this month, now down to 67. The index stayed relatively flat during the past few months since jumping in February from 61 to 68. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Several prices in the index dropped significantly […]
This Morning in Metals: Steel Import Permit Applications Down 10.8% in May
This morning in metals news, U.S. steel import permit applications dropped last month, the Trump administration’s Section 232 aluminum tariff left its mark on operations at the Port of Oswego and the Trump administration released a new strategy that aims to ensure a reliable supply of critical minerals. Need buying strategies for steel? Request your […]
Indian Business Groups Lobby for Auction of Iron Ore Mining Licenses
A new government in India has steel companies and iron miners rushing to it with urgent pleas on iron ore mine auction. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook One appeal is for the government to auction iron ore mining licenses held by private miners when they expire in […]
This Morning in Metals: European Steel Chiefs Say E.U. Needs to Act Against Rising Imports
This morning in metals news, European steel sector leaders are asking the E.U. for action in the face of rising imports, the U.S. says China is playing the “blame game” and U.S. Commerce Secretary Wilbur Ross met with Mexico’s Secretary of Economy Graciela Márquez Colín. Need buying strategies for steel? Request your two-month free trial of […]
Baowu Steel Moves Relentlessly Toward Distinction of World’s Largest Steelmaker
The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In practice, we should see this as a positive move. The Financial Times […]
