There were two major developments in the Indian steel sector this week. Request a 30-minute demo of the MetalMiner Insights platform now. Indian-born British businessman Sanjeev Gupta’s GFG Alliance made its first foray into the Indian market. It completed the strategic acquisition of two mills, Adhunik Metaliks Ltd and Zion Steel, in an approximately U.S. […]
Category: Metal Prices
This Morning in Metals: Indiana No. 1 once again last year in steel production
This morning in metals news, Indiana again led the way in U.S. steel production last year, Tesla is in talks to use cobalt-free batteries in its cars made in China and the Energy Information Administration (EIA) projects U.S. natural gas production will continue to rise over the next 30 years. Metal prices fluctuate. Key is […]
Iron ore pushes higher despite sluggish steel demand, coronavirus measures
On the face of it, there appears to be a disconnect between the state of China’s steel market and the price of seaborne iron ore. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
Finally, the E.U. is looking at anti-dumping duties on Chinese aluminum
Aluminum extrusions from China are currently subject to anti-dumping duties in the U.S., Canada, Australia and, for a more unique reason of its own, Vietnam, Aluminium Insider reported. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial. But despite repeated complaints from the industry and […]
China’s steel industry likely to see cutbacks as stocks rise amid coronavirus crisis
Not surprisingly, the steel sector in China is one of many going through acute uncertainty at the moment over fears the coronavirus spreading from Wuhan is still not under control. As a result, it is becoming increasingly apparent steel demand is going to be down for some time to come. MetalMiner’s monthly buying outlook reports […]
Week in Review: MMI week; palladium prices; U.K. automotive sector after Brexit
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: U.S. steel prices, 2019 metals sector M&A activity, palladium prices, the copper market amid the coronavirus outbreak, the British automotive sector and more. Looking for metal price forecasting and […]
This Morning in Metals: U.S. Steel layoffs; Braidy needs $500M; Aluminum Association announces new leader
This morning in metals news, U.S. Steel recently underwent another round of layoffs, Braidy Industries‘ new CEO said the company still needs $500 million for its Kentucky aluminum mill, and the Aluminum Association announced its new president and CEO. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request […]
This Morning in Metals: Germany’s Thyssenkrupp cites ‘difficult economic environment’ in latest earnings report
This morning in metals news, Thyssenkrupp’s earnings fell last quarter, the U.S. Department of Commerce announced affirmative preliminary circumvention rulings regarding imports of corrosion-resistant steel products and Brazil’s Vale has been overtaken as the world’s No. 1 iron ore producer. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. […]
Renewables/GOES MMI: Glencore signs cobalt supply deal with Samsung
The Renewables Monthly Metals Index (MMI) held flat for a February MMI reading of 98. (Editor’s Note: This report also includes analysis of grain-oriented electrical steel.) Request a 30-minute demo of the MetalMiner Insights platform now. Glencore signs long-term cobalt supply deal with Samsung Miner Glencore announced Monday that it has signed a five-year cobalt supply […]
Aluminum MMI: Demand uncertainty weighs on aluminum prices
The Aluminum Monthly Metals Index (MMI) reversed last month’s three-point increase with a three-point decline back to 83. LME aluminum price dynamics switched late in January, with a precipitous drop setting prices down to a new short-term low.
