Copper prices have been sliding this year, with the average LME cash price in August of $5,707.98/mt down 3.9% from a July average of $5,939.85/mt. Global copper mine production is also down. Through the first half of 2019, copper mine production was down 1.4% compared with the first half of 2018, according to a report […]
Category: Metal Prices
Earnings Suffer as U.S. Steel Companies Face Falling Steel Prices
Earnings guidance recently released by U.S. steel companies have a common denominator: the impact of falling steel prices. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Last year, upon the Trump administration’s implementation of Section 232 steel tariffs, domestic steel prices surged. However, since mid-2018, steel […]
Week in Review: Steel Quotas, Oil Prices and a Post-Brexit Trade Landscape
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: Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. The European Commission has proposed scaling back a planned increase […]
This Morning in Metals: United Steelworkers Ratify Alcoa Labor Deal
This morning in metals news, members of the United Steelworkers union ratified a new Alcoa labor deal, the European Steel Association (EUROFER) recently released its 2019 European Steel in Figures report and LME copper prices were up Friday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
This Morning in Metals: Federal Reserve Expected to Make Interest Rate Cut
This morning in metals news, the Federal Reserve is expected today to cut interest rates once again, the LME copper price dropped ahead of the Fed’s decision and Steel Authority of India Ltd. (SAIL) shares rose Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Federal […]
GM Strike Could be a Boon to Steel Buyers
Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the […]
The September MMI Report: Stainless MMI Jumps on Rising Nickel Prices
The September 2019 Monthly Metals Index (MMI) report is in the books. This month, three of 10 MMIs increased, while six decreased and one held flat. On the trade front, the U.S. and China are set to resume trade talks, with the U.S. recently deciding to delay a tariff rate increase and China announcing tariff […]
This Morning in Metals: E.U. Trade Commissioner Wants Deal on Aircraft Subsidies
This morning in metals news, E.U. Trade Commissioner Cecilia Malmstrom wants the U.S. to hold off on imposing tariffs in response to the long-running Airbus-Boeing subsidy saga, iron ore prices could continue to plunge and copper prices dipped again Tuesday. E.U. Trade Chief Seeks Deal on Aircraft Subsidies Earlier this year, the United States Trade […]
This Morning in Metals: China’s Aluminum Production Falls in August
This morning in metals news, China’s aluminum production dipped in August compared with the previous month, China plans to bring its first domestically developed sources of medical cobalt-60 to the market and copper prices are down. China Aluminum Production Falls China’s August aluminum production fell compared with the previous month, Reuters reported. The country saw […]
Copper MMI: August Demand Weakness Drags Down the Index
The Copper Monthly Metals Index (MMI) dropped three points in August down to 71, with all prices in the index losing value. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices traded lower in August following the precipitous price drop early in the month. The price dropped again […]
