This morning in metals news, the Chinese steelmaking province of Hebei has moved up its target date for plant relocation and capacity cuts, miners in the Democratic Republic of the Congo are moving to copper as a result of dropping cobalt prices, and Chile’s copper exports fell in June. Need buying strategies for steel? Request […]
Category: Ferrous Metals
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: G20 Wary of Slowing Growth, Calls for ‘Free, Fair’ Trade
This morning in metals news, world leaders gathered in Japan this weekend for the G20 Summit, a deadline for bidding on the liquidated British Steel came and went June 30, and Australia’s iron ore exports are forecast to fall for the first time in 18 years. Need buying strategies for steel? Request your two-month free […]
EUROFER President: Challenges Threaten to ‘Erase’ E.U. Steel Industry
The European steel sector is facing an existential threat based on a variety of factors, according to the president of the European Steel Association (EUROFER), who spoke at the group’s annual conference June 26. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The issue of rising imports has been a […]
This Morning in Metals: Strike Ends at Coldelco’s Chuquicamata Copper Mine
This morning in metals news, a workers’ strike came to an end at top copper producer Codelco’s Chuquicamata mine in Chile, South Korean steelmakers Posco and Hyundai Steel are facing government shutdown orders at some locations over emissions, and the liquidated British Steel has attracted some interest before a June 30 bid deadline. Need buying […]
This Morning in Metals: MetalMiner’s Trade Resource Center is Live
This morning in metals news, MetalMiner now has a trade-centered news portal, the European steel sector is demanding tougher safeguards and the copper price posted gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner Trade Resource Center Tariffs, trade deals and trade wars — the world is abuzz these […]
U.S. Steel Imports Fall 12% in Year to Date; Import Market Share Drops to 19%
Through the first five months of 2019, U.S. steel imports were down 12% compared with the equivalent period in 2018, the American Iron and Steel Institute (AISI) reported Tuesday. According to AISI — citing Census Bureau data — the U.S. imported 2.06 million net tons of steel in May 2019, which marked a 38.2% decrease […]
Rising Iron Ore Prices Push Some Chinese Steel Mills into the Red
Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
World Steel Association: Global Crude Steel Production Rises 5.4% in May
Global crude steel production in May rose 5.4% compared with May 2018, the World Steel Association reported Monday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the World Steel Association, the 64 countries reporting production data produced 162.7 million tons in May, up from 154.5 million tons in […]
This Morning in Metals: Supreme Court Won’t Hear Challenge to Trump’s Section 232 Steel Tariffs
This morning in metals news, the Supreme Court will not hear a challenge to President Donald Trump’s Section 232 steel tariffs, Chinese steel prices made gains Monday and the U.S. is mulling a ban on 5G technology manufactured in China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supreme Court […]