The first five months of 2019 have been quite busy ones for the world of metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Unsurprisingly, steel and aluminum dominated the list. […]
Category: Ferrous Metals
Week in Review: A Weakening Yuan, British Steel’s Struggles and a ‘Perfect Storm’
Before we head into the Memorial Day 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 Stuart Burns delved into the situation at British Steel early in the week (prior to […]
This Morning in Metals: U.S. Steel Imports Down 7.8% Through April
This morning in metals, U.S. imports of foreign steel have dropped 7.8% through the first four months of the year, the Department of Commerce announced changes to its countervailing duty process and the copper price is on its way to its sixth consecutive weekly drop. Need buying strategies for steel? Request your two-month free trial […]
India in Wait-and-See Mode on U.S.-China Trade Developments
The tariff war between the United States and China is being watched with trepidation in India. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There’s no unanimous view yet on the fallout of the tariffs with respect India. Most in India are in a wait-and-see mode as things unfold. Overall, […]
Experts Fail to Quantify Impact of Section 232 Steel, Aluminum Tariffs
If you ask 100 procurement professionals whether or not the Section 232 steel and aluminum tariffs have helped or harmed them, 100% will say the tariffs harmed them. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After fielding hundreds of calls from metal-buying organizations this past year, we here at […]
This Morning in Metals: High Court Orders Liquidation of British Steel
This morning in metals news, British Steel failed to secure emergency funding it had requested to stave off its collapse, tariffs have depressed steel import volumes into the Port of Tampa Bay and iron ore prices continue to rise. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook British Steel Falls […]
EUROFER: Imports, Slower Growth, Raw Material Costs Form ‘Perfect Storm’
It’s been a busy and somewhat bumpy year for Europe’s steel sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The E.U. approved steel safeguards in January that would extend to 2021 at the latest, an effort by the bloc to mitigate the impact of steel supplies diverted as a […]
U.S. Puts the Squeeze on Iranian Metals Industry
Not content with putting the squeeze on Iran’s oil industry, President Donald Trump signed a new executive order last week extending existing sanctions to include Iran’s metal industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the Financial Times, much of Iran’s non-oil income comes from metal exports, […]
U.S. Steel Mills’ Capacity Utilization Rate Reaches 81.8%
U.S. steel mills have operated at a capacity utilization rate of 81.8% for the year through May 18, according to the American Iron and Steel Institute’s (AISI) weekly steel production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the report, adjusted year-to-date production through May 18 reached […]
Will a Weakening Yuan Result in Rising CRC Steel Imports from China?
In recent weeks, the Chinese yuan (CNY) has weakened against the U.S. dollar (USD). A weaker yuan makes imports cheaper, all other things holding equal. As we can see in this chart, during the past couple of weeks the yuan weakened back to roughly December levels. Will this currency change result in surging steel imports […]
