The U.S. Census Bureau and Department of Housing and Urban Development on Tuesday released data on February housing construction, revealing the month was a particularly slow one for new construction. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the joint report, February housing starts reached a seasonally adjusted […]
Category: Macroeconomics
Markets Look to China for Some Good News
Stock and currency markets have been a little perkier the last week or so as expectations rise of some form of Chinese stimulus to boost demand — and, hence, global growth. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook That optimism, though, may be somewhat misplaced. China has limited scope […]
U.S. Jobs Report Shock Spooks the Markets
Well, some folks have been talking about it for a while, but figures this week suggest the long-anticipated slowdown has arrived. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Negative numbers out of China have been reported for some months now, particularly falling PMI figures suggesting a steadily deteriorating outlook. […]
Is a European Recession Underway? Not Yet, but Growth is Slowing
Everything in the garden may look rosy from the U.S., but there is no doubt that the global economy is slowing. Recent data from Germany suggests the engine of the European Union is suffering as much as anyone. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook A Telegraph article last […]
Venezuela at a Crossroads
We wouldn’t be the first to say Venezuela is at a crossroads, and we may not be the last, but rarely in the last decade has this once-thriving economy had the chance to seize a brighter future from the wretched state it finds itself in today. Need buying strategies for steel? Request your two-month free trial […]
A Look at China’s Slowing Economic Growth Vis-a-Vis the Metals Market
China is one of the most-watched economies in the world because its health ties in heavily with overall global economic growth. Further, there is a strong correlation between the Chinese economy as an industrial metals demand generator and the primary metals market outlook. MetalMiner has always followed some Chinese indicators in order to completely understand […]
China Reports Slowing Growth, but by How Much?
The New York Times reports this week that China’s economy continues to gently slow its pace of growth. For the last three months of 2018, growth came in at 6.4% compared with a year earlier, the paper said, its slowest pace since a decade ago. For the full year, the Chinese economy grew at 6.6% […]
This Morning in Metals: Aluminum Market Distortions, Nucor Plate Mill and Small Business Concerns
This morning in metals, we’re tracking the following stories. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global aluminum value chain under fire from China. The OECD has released a report titled “Measuring distortions in international markets: the aluminum value chain,” in which the organization places particular emphasis on unfairly subsidized aluminum […]
Is the Dollar’s Run Nearing an End?
The dollar has been on a tear this year, boosted by a large corporate tax cut, a hawkish Fed and the imposition of import tariffs, the Financial Times suggests. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook These policy interventions were specifically designed to help Republicans in November’s midterm election, […]
Morning in Metals and Week in Review: Cars, Cuba and Brexit, Oh My!
This morning in metals, here are a couple news items that piqued our interest: China giving the U.S. a break in trade “war” by lifting the tariff on cars… According to a story originally reported by Bloomberg today, China will lift the 25% retaliatory duty on cars for three months (thanks, China!) in an effort to […]
