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 In case you missed it, MetalMiner’s June 2019 Monthly Metals Index report is out. MetalMiner’s Belinda Fuller […]
Category: Global Trade
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
Mexico Becomes First Country to Ratify USMCA; U.S., Canada Approvals Pending
Quite a bit has happened since late November, when the leaders of the U.S., Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA), the intended successor to the North American Free Trade Agreement (NAFTA) and sometimes dubbed “NAFTA 2.0.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More recently, President […]
This Morning in Metals: ArcelorMittal Expresses Concerns Over Italy’s Crescita Law Decree
This morning in metals news, steelmaker ArcelorMittal has concerns over a new law Italy is set to approve later this month, Vietnam plans to impose anti-dumping duties on coated steel from China and South Korea, and a work stoppage continues at Codelco’s Chuquicamata copper mine in Chile. Need buying strategies for steel? Request your two-month […]
Will the ‘Fruit and Nut Tax’ Adversely Impact Indo-U.S. Relations?
India’s retaliatory tariff on 28 U.S. goods, including some finished metal products, has been dubbed the “fruit and nut tax” in trade circles. The facetious label, though, does not take away from the seriousness of the developing situation. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In India and the […]
This Morning in Metals: U.S. Steel Announces Idling of Plants
This morning in metals news, U.S. Steel announced it would idle some of its facilities, China has lowered its tariff rates on countries other than the U.S. and General Motors recently announced a $150 million investment in its Flint Assembly plant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
This Morning in Metals: Trump Says U.S., China to Restart Trade Talks
This morning in metals news, the U.S. and China will resume trade talks, Tokyo Steel announced its first steel price cuts in nearly three years and Rio Tinto recently celebrated the launch of its automated heavy-haul rail network. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trade Talks After last […]
This Morning in Metals: China’s May Steel Output Hits Record High
This morning in metals news, China’s May steel output surged, Thyssenkrupp named a new chairman of the executive board of its steel business and President Donald Trump continues to push for approval of the United States-Mexico-Canada Agreement (USMCA). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Output Soars […]
This Morning in Metals: ArcelorMittal CEO Wants E.U. to do More to Combat U.S. Tariffs
This morning in metals news, ArcelorMittal’s CEO urged the E.U. to do more to combat the effects of the U.S.’s Section 232 steel tariff, April steel shipments fell 1.4% and China’s Ministry of Commerce said the U.S. is not being taken advantage of on trade. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: LME Announces Next Steps Toward LME Contract
This morning in metals, the London Metal Exchange announced a new partnership that aims to promote “market uptake of a transparent and representative global lithium price,” President Donald Trump backs off imposing a 5% tariff on all imports from Mexico and China’s May copper imports dropped. Need buying strategies for steel? Request your two-month free […]
