Where are steel prices going from here? What about lead times? How are tariffs impacting the market? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Those in the steel sector will have a chance to learn about all of the trends impacting the steel industry during the upcoming SMU Steel […]
Category: Ferrous Metals
This Morning in Metals: USTR Criticizes WTO Appellate Court Ruling on China
This morning in metals news, the United States Trade Representative USTR once again dished up criticism of the World Trade Organization’s (WTO) Appellate Court, China aims to mitigate the impact of rising iron ore prices on its steelmakers and India’s steel exports have plunged over the last year. Need buying strategies for steel? Request your […]
This Morning in Metals: U.S. Steel Sector’s Capacity Utilization Hits 81.1%
This morning in metals news, the U.S. steel sector continues to outproduce 2018 levels, copper prices are around two-week highs and President Donald Trump took to Twitter to tout the impact of the U.S.’s tariffs on China’s economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Capacity Utilization Rate Reaches […]
Trump Executive Order Aims to Increase Domestic Steel Content in Federal Procurement
The U.S. steel industry applauded the president’s latest executive order, which targets the augmentation of the percentage of domestic steel content — among other goods — in federal procurements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Monday, July 15, the president signed a proclamation hailing this “Made in […]
This Morning in Metals: Trump to Sign Order Raising Steel Content Threshold for Federal Projects
This morning in metals news, President Donald Trump is expected to sign an executive order calling for heightened steel content thresholds for federal projects, Japanese firm Nippon Steel is planning to offload $1.9 billion in assets in order to purchase India’s Essar Steel and Chinese iron ore prices are getting a boost from a positive […]
Indian Steel Industry Opinions Mixed on New Budget
Reactions from Indian steel industry leaders to some of the provisions of the annual budget that was just passed have been a mixed bag. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Overall, industry players were in agreement that the annual budget exercise would push big-ticket infrastructure projects. Stress on […]
Stainless MMI: Nickel Prices Surge as Stainless Surcharges Fall
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 […]
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 […]