The Construction Monthly Metals Index (MMI) dropped one point for a September MMI reading of 77. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending According to the U.S. Census Bureau, U.S. construction spending in July totaled $1,288.8 billion, up 0.1% from the revised June estimate of $1,288.1 billion. […]
Category: Metal Prices
This Morning in Metals: Bank of America Cuts Steel Price Forecast
This morning in metals news, Bank Of America cut its steel price forecast, copper prices dropped and gold lost some of its safe haven luster. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Gloomy Steel Forecast Bank of America has cut its steel price forecast and is less than optimistic […]
MetalMiner Launches New MetalMiner Insights Platform
The world of metals procurement can be a difficult one to navigate, particularly amid the current climate of trade wars, tariffs and a bevy of other risks ranging from climate change to geopolitical tensions. That’s why it’s vital to come to the marketplace with dynamic, relevant and accurate data to inform your decision-making. MetalMiner’s new […]
India’s Steel Sector Woes Continue as Steel Inventories Pile Up
India’s growth rate has slowed, which in turn means sluggishness in the manufacturing sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook All of the above means lower consumption of steel. Riding on these developments comes the news that domestic steel producers are sitting on a “larger than usual” steel […]
This Morning in Metals: U.S. Steel Capacity Utilization Rate Falls to 80.8%
This morning in metals news, the U.S. steel industry’s steel capacity utilization rate for the year through Aug. 31 fell to 80.8%, copper bounced back from a two-year low and China’s vice premier made a call for a “deeper mutual understanding” between the U.S. and China. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Tata Steel Closures in U.K. to Potentially Impact 400 Jobs
This morning in metals news, Tata Steel is closing some of its operations in the U.K., copper is down to a two-year low and the Dow Jones dropped on the heels of the latest round of tariffs going into effect Sept. 1. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Gold Market Subdued Ahead of India’s Holiday Season
India is almost on the cusp of this year’s festival and wedding season, but the domestic bullion market remains subdued, contrary to historical norms. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The reason? Gold prices in India have rallied 20% this year based on several internal and external factors, […]
This Morning in Metals: Copper Prices Make Gains
This morning in metals news, the copper price ticked up Wednesday, an appeals court is reconsidering an aluminum antitrust suit involving several big-name companies and Rio Tinto is taking over a mining site in British Columbia. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The copper price […]
ICSG: Global Copper Deficit Reaches 190,000 Tons in First Five Months of 2019
According to a recent report from the International Copper Study Group (ICSG), the global copper supply deficit came in at 190,00 tons for the first five months of the year. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The ICSG reported global copper mine production fell 1% during the first five months of […]
Week in Review: Risk Mitigation, Trump and Greenland, and a Chicago Nonprofit Teaches Skills
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Bill DeMartino of riskmethods recently spoke at MetalMiner’s Forecasting Workshop on the subject of risk mitigation tips and […]
