According to the most recent report from the International Copper Study Group (ICSG), the global copper market through the first eight months of the year posted a deficit of 330,000 tons. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Copper mine production slips […]
Category: Metal Prices
Week in Review: ArcelorMittal Closures, Platinum Demand and a Call for a Section 232 Sunset
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, including our coverage of: ArcelorMittal’s plant closure in South Africa, the oil price outlook, U.S. steel capacity utilization and steel prices, CAMMU’s call for a Section 232 sunset provision, and […]
Platinum has seen surprisingly strong demand this year
You could be excused for thinking gold has been eclipsed this year — bought in record amounts by central banks in the first half of this year — as the price rose strongly through the late summer but has since drifted off. A recent report suggests, at least for some investors, gold has been sidelined […]
This Morning in Metals: Section 232 auto tariff deadline passes — with no decision
This morning in metals news, trade experts cited by Reuters say the U.S. might have to find another route to impose tariffs on imported automobiles, Japan’s crude steel output dropped in October and U.S. steel prices have started to show some signs of upward momentum. Need buying strategies for steel? Request your two-month free trial […]
What happened to the nickel supply shortfall?
By most accounts, nickel has had a good run this year. Among a falling commodity market, nickel has been one of only a couple of metals products that have bucked the trend and seen strong gains. Nickel has jumped some 35% this year, largely on the back of supply-side fears. Looking for metal price forecasting […]
U.S. Year-to-Date Steel Capacity Utilization Rate Holds at 80.3%
The U.S. steel sector’s capacity utilization rate incrementally declined in recent months, falling from 81.0% for the year to date as of late August down to 80.3% as of this past week, according to the American Iron and Steel Institute (AISI). The year-to-date capacity utilization rate this year has reached as high as 81.9% (back […]
This Morning in Metals: Tata Steel Plans to Cut Jobs in Europe
This morning in metals news, Tata Steel is making job cuts across its European operations, U.S. Steel announced it plans to reduce its greenhouse gas emissions by 20% by 2030 and copper ticked up again Monday. Job Cuts Coming to Tata Steel’s European Operations Steelmaker Tata Steel will cut jobs throughout its European operations, Reuters […]
Week in Review: Copper Prices, ‘Steelmageddon’ and U.S.-E.U. Trade Talks
Before we head into the weekend, let’s take a look at the week that was and some of the metals coverage here on MetalMiner, including: copper prices, “Steelmageddon,” rising palladium prices, and aluminum and steel demand in Europe. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
The November MMI Report: Steel Prices Slide, Aluminum Moves Sideways
The November 2019 Monthly Metals Index (MMI) report is in the books. This month, just three of the Monthly Metals Indexes (MMIs) increased, while six declined and one held flat. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Some highlights from this month’s MMIs: It […]
Aluminum, Steel Demand Weakens in Northern Europe
The normally pragmatic Netherlands has been strangely agitated recently, as both the construction and agricultural industry have protested on the streets of the capital, the Hague, against the government’s measures for combating nitrogen and PFAS-based pollution. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In itself this would barely be […]