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 […]
Category: Metal Prices
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 […]
Renewables MMI: Cobalt Prices Gain on the Heels of Mutanda Closure News
The Renewables Monthly Metals Index (MMI) fell one point for a November MMI reading of 97. Slowing Cobalt Mine Output According to research group Antaike, global cobalt output growth is expected to slow in 2020, Reuters reported. The report cites Antaike nickel analyst Joy Kong, who said cobalt production is expected to rise by 5,000 tons […]
Raw Steels MMI: Global Steel Prices Fail to Gain Traction
The Raw Steels Monthly Metals Index (MMI) showed mixed price movements in October, with declines outweighing increases for a one-point index drop to 66. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices continued to weaken during October, possibly reaching a new bottom. Prices appeared to bottom out […]
Global Precious MMI: Palladium Prices Soar to Record High
The Global Precious Monthly Metals Index (MMI) jumped six points this month, rising for a November MMI reading of 113. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Palladium-Platinum Spread Widens As noted here many times before, platinum had historically traded at a premium […]
Stainless MMI: Index Falls One Point as LME Nickel Moves Sideways, SHFE Nickel Drops Slightly
The Stainless Steel Monthly Metals Index (MMI) dropped again this month, by one point to 87. The drop follows last month’s three-point decline to 88 on the heels of August’s five-year high of 91. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices continued to move sideways overall, […]
This Morning in Metals: China’s Jingye Set to Buy British Steel
This morning in metals news, a Chinese firm is poised to take over the insolvent British Steel, Chinese iron ore futures were down Monday and speakers at a recent convention in Budapest weighed in on the stainless steel market. Jingye to Buy British Steel After talks with Turkey’s Ataer Holding fell apart, Chinese firm Jingye […]
Amid Plunging U.S. Steel Prices, Has ‘Steelmageddon’ Arrived?
Editor’s Note: This article has been corrected to reflect the most recent AISI capacity utilization rates and the price delta between the ROW and the US. Judging by the plunging share price of steel producers and the collapse in steel prices from $1,006 per ton just over two years ago to $557 now, it would […]