A recent article by strategic research firm Stratfor makes dire reading for the shipping industry and their investors. However, the piece holds out hope to consumers that shipping freight rates will likely stay lower for longer as a result of the COVID-19 pandemic, to some extent helping to mitigate the economic damage being caused elsewhere.
Category: Global Trade
This Morning in Metals: Constellium reports Q1 revenue down 6%
This morning in metals news, Constellium’s Q1 revenue fell 6% year over year, Nucor CEO Leon Topalian said the steelmaker will continue to give out dividends and the United States-Mexico-Canada Agreement (USMCA) will go into effect July 1. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a […]
This Morning in Metals: Liberty Steel idles Georgetown steelworks
This morning in metals news, Liberty Steel announced it would idled its Georgetown steelworks in South Carolina, Customs and Border Protection (CBP) has implemented new procedures regarding rules of origin petitions related to the United States-Mexico-Canada Agreement (USMCA) and Vale released its Q1 production results. MetalMiner’s monthly buying outlook reports give you pricing and specific […]
Week in Review: Pressure on steel; falling oil prices; housing starts plunge
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, including coverage of: steel prices; container traffic trends; housing starts; oil prices; E.U. anti-dumping duties on stainless steel; and much more. Looking for metal price forecasting and data analysis in […]
Container shipping industry idling services in the face of coronavirus’ impact on supply chains
Many industries are hurting at the moment, more from the steps taken to counter the spread of the COVID-19 virus than from infection hitting crews or ports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! With China slowly emerging from lockdown and both Europe and North […]
This Morning in Metals: U.S. trade deficit falls in February
This morning in metals news, the U.S.’s goods and services trade deficit dropped in February, Brazilian iron ore miner Vale said the commodity will take a hit because of falling steel demand and India’s Odisha state will continue to try to churn out iron ore production. Looking for metal price forecasting and data analysis in […]
USTR releases annual National Trade Estimate report on foreign trade barriers
Every year, the United States Trade Representative is required, pursuant to the Trade Act of 1974, to provide the president, Senate Finance Committee and certain House committees with a report on foreign barriers to trade. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! This year’s National […]
This Morning in Metals: U.S. Steel moves up idling of Gary Works furnace
This morning in metals news, U.S. Steel announced a number of measures in response to the coronavirus crisis and falling oil price, concerns have been raised regarding cleaning procedures at a Michigan steel mill, and Republican senators have asked President Donald Trump to roll back trade barriers amid the coronavirus outbreak. Looking for metal price […]
This Morning in Metals: U.S. jobless claims reach record 3.3M as coronavirus outbreak intensifies
This morning in metals news, U.S. unemployment insurance claims soared last week as the coronavirus outbreak intensified, Thyssenkrupp announced 3,000 layoffs and the United States Trade Representative (USTR) said there had been progress in enforcing some provisions of the recently signed Phase One trade deal with China.
This Morning in Metals: Turkey launches WTO dispute over E.U.’s steel safeguard
This morning in metals news, Turkey has objected to the E.U.’s steel safeguards at the World Trade Organization (WTO) level, copper prices continue to plummet and Chinese iron ore prices took heavy losses Monday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!