Before we head into the weekend, let’s take a look at the week that was and some of the storylines on MetalMiner, which this week touched on steel prices, the potential opening up of Greenland’s resources and U.S.-India trade talks. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
Category: Metal Prices
This Morning in Metals: U.S. Steel Imports Down 13.6% This Year
This morning in metals news, U.S. imports of steel through the first eight months of the year are down 13.6%, Rio Tinto signed a memorandum of understanding (MOU) with China’s largest steel producer and LME copper prices fell Thursday. Keep up to date on everything going on in the world of trade and tariffs via […]
Chinese Currency Devaluation Helps Reverse the U.S.-Chinese Steel Price Spread
The primary reason to pay attention to Chinese steel prices pertains to the country’s price leadership in the global marketplace. However, since currency dynamics shifted recently, now is a good time to take a more tactical look at the U.S.-China steel price spread. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: Rio Tinto to Offer Responsibly Produced Aluminum
This morning in metals news, Rio Tinto will offer independently certified and responsibly produced aluminum, Norsk Hydro hosts Investor Day and copper prices move upward. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Rio Tinto to Offer Responsibly Sourced Aluminum As MetalMiner’s Stuart […]
Global Copper Mine Production Down 1.4% in 1H 2019
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 […]
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 […]