This morning in metals news, Reuters reported Chile’s Codelco copper mine is set to see its production drop over the next two years, trade ministers from the E.U., U.S. and Japan released a joint statement, and time is running out if British Steel is going to be saved. Need buying strategies for steel? Request your […]
Category: Global Trade
India in Wait-and-See Mode on U.S.-China Trade Developments
The tariff war between the United States and China is being watched with trepidation in India. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There’s no unanimous view yet on the fallout of the tariffs with respect India. Most in India are in a wait-and-see mode as things unfold. Overall, […]
U.S. Puts the Squeeze on Iranian Metals Industry
Not content with putting the squeeze on Iran’s oil industry, President Donald Trump signed a new executive order last week extending existing sanctions to include Iran’s metal industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the Financial Times, much of Iran’s non-oil income comes from metal exports, […]
This Morning in Metals: British Steel Teeters on Precipice of Administration
This morning in metals news, Britain’s No. 2 steelmaker is at risk of collapsing, U.S. aluminum maker Century Aluminum responded to the Trump administration’s decision to remove the Section 232 tariffs for Canada and Mexico, and rare earths could prove to be a weapon in China’s arsenal as trade tensions with the U.S. continue. Need […]
U.S. Steel Mills’ Capacity Utilization Rate Reaches 81.8%
U.S. steel mills have operated at a capacity utilization rate of 81.8% for the year through May 18, according to the American Iron and Steel Institute’s (AISI) weekly steel production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the report, adjusted year-to-date production through May 18 reached […]
This Morning in Metals: Iron Ore Rises Above $100/Ton
This morning in metals news, the iron ore price continues to rise, China is reportedly in no rush to restart trade talks after the recent exchange of tariffs and Tokyo Steel once again held prices steady. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Breaks Through $100/Ton Barrier […]
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 […]
Automakers Get Temporary Reprieve as Trump Delays Section 232 Auto Tariff Decision
Automakers and consumers fearing a new U.S. tariff on imported automobiles and automotive parts breathed a sigh of relief on Friday when President Donald Trump announced he would delay his decision on the matter for up to six months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The U.S. Department […]
