According to the BBC last week, British Steel, the U.K.’s second-largest steel producer, is knocking on the door of the British government for the second time in as many months looking for support. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In April, the firm borrowed £120 million from the […]
Category: Ferrous Metals
Trump Drops Metals Tariffs on Canada, Mexico; What’s the Impact on Steel, Aluminum Prices?
President Donald Trump announced today the removal of the U.S.’s Section 232 tariffs on steel and aluminum with respect to NAFTA partners Canada and Mexico. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The tariffs had remained in place since June 1, 2018, when temporary exemptions for Canada, Mexico and […]
Week in Review: Steel Prices, Sustainable Mining and the Fall of the Tata-Thyssenkrupp JV
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 MetalMiner’s Belinda Fuller’s Raw Steels MMI report runs down the month in the raw steels sector. The […]
This Morning in Metals: Iron Ore Soars After Vale Warning
This morning in metals news, the iron ore price continues to rise, the U.S. cut its import tariff on Turkish steel in half and copper is on its way to its fifth consecutive weekly loss. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises After Vale Warning The […]
This Morning in Metals: Section 232 Auto Tariff Decision Delayed
This morning in metals news, the May 18 deadline for the president’s decision on potential new automotive tariffs is being pushed back up to six months, Chinese iron ore futures rose to a record high and the Trump administration reversed an Obama-era pause on mining in a northeastern Minnesota wilderness area. Need buying strategies for […]
Chinese HRC Prices Continue to Rise on the Back of Government Stimulus Measures
Chinese HRC prices increased again this month, while other forms of steel stayed flat overall. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Looking more closely at HRC — along with CRC, HDG and plate — prices generally remain lower than a year ago on a year-on-year basis, with the […]
Just How Bad are European Steel Markets?
It is often tough to discern fact from fiction, particularly when it comes to corporations and politicians. Two developments this month in Europe raise questions about the relationship and balance of influence between major corporations and government. Are corporations reacting to markets or seeking to stimulate political action is often the question? Need buying strategies […]
Raw Steels MMI: Prices Continue to Trend Sideways
The Raw Steel Monthly Metals Index (MMI) dropped 1.2% this month, down to an index reading of 80. Weakness in the index once again came from U.S. domestic steel prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. prices showed weakness of late with HRC, CRC, HDG and plate […]
This Morning in Metals: U.S. Tariff Increase on Chinese Goods Goes into Effect
This morning in metals news, the U.S. on Friday raised tariffs on a wide variety of imports from China, a long-considered European joint venture does not appear likely to come to fruition and March steel imports fell 7%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tariff Tensions As promised […]
Stainless MMI: Subindex Drops as Nickel Prices Show Weakness
The Stainless Steel Monthly Metals Index (MMI) declined this month, dropping by two index points to 69. A few of the prices in the basket registered fair declines, with nickel prices showing weakness. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel The LME primary nickel 3-month price decreased […]
