Analysts are finding it hard to get a handle on what lies ahead for 2020 aluminum prices. On the one hand, some well-respected sources, like Capital Economics, are suggesting in a recent report that prices will rise by year-end on the back of stronger demand, despite a return to production of temporarily shuttered production in […]
Category: Metal Prices
This Morning in Metals: U.S. international trade deficit hits $68.3B in December
This morning in metals news: the U.S. international trade deficit in goods increased in December compared with the previous month; U.S. steel prices have continued to increase; and imports of reinforcing bars from Turkey and Algeria skyrocketed in late 2019, according to Steel Import Monitoring and Analysis (SIMA) data. Looking for metal price forecasting and […]
Coronavirus likely to impact steel, iron ore demand in 2020
Another victim of China’s coronavirus epidemic could well be the iron ore price. Iron ore had a stellar 2019, reaching a five-year high of $125 per ton in July on the back of Vale SA’s Brumadinho mining dam disaster and Cyclone Veronica, which struck Western Australia in March. Looking for metal price forecasting and data […]
This Morning in Metals: New orders for manufactured durable goods up 2.4% in December
This morning in metals news, new orders for manufactured durable goods increased in December, Lake Michigan steel mills have struggled with a variety of operational challenges and the Chinese government has continued efforts to curb the spread of the coronavirus. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Census Bureau: U.S. steel imports down 17% through first 11 months of 2019
U.S. steel imports through the first 11 months of 2019 were down 17% compared with the same period in 2018, according to preliminary U.S. Census Bureau data. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Imports through the first 11 months of 2019 reached 23.9 millions […]
Trump expands Section 232 tariffs on steel, aluminum derivatives
Late Friday, the Trump administration announced it would raise the Section 232 steel and aluminum tariffs, originally imposed in 2018, on imports of steel and aluminum derivatives. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “The Secretary has informed me that domestic steel producers’ capacity utilization […]
Global aluminum production picks up in December; China’s ’19 output down from ’18
Global aluminum production ticked up in December 2019 to 5.44 million tons, up from 5.26 million in November 2019, according to recent data from the International Aluminum Institute. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! However, December 2019 production was down slightly from December 2018, […]
Week in Review: Industrial production; steel capacity utilization; IMF growth forecasts
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including: the Federal Reserve’s recent industrial production report, the U.S.’s December boom in housing starts, the U.S. steel sector’s capacity utilization rate and the International Monetary Fund’s latest growth projections. […]
This Morning in Metals: E.U. eyes potential tariffs on stainless steel from China, Taiwan, Indonesia
This morning in metals news, the European Union has registered flat-rolled stainless steel imports from a trio of Asian countries in what could be a prelude to tariffs, China’s Jingye Group plans to cut 500 jobs as part of its British Steel takeover and manufacturers look to adapt to business conditions in the years ahead. […]
This Morning in Metals: Turkey’s Cengiz eyes Jingye’s British Steel takeover bid
This morning in metals news, a Turkish conglomerate is reportedly ready to step into the British Steel process if Jingye Group’s takeover effort falls apart, copper prices fell to a two-week low and an Indonesian company aims to augment its aluminum production. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]