The Construction Monthly Metals Index (MMI) held flat at 81 for the July MMI reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in May totaled an estimated $1,293.9 billion, according to the U.S. Census Bureau, marking a 0.8% decline from April’s $1,304.0 billion. The […]
Category: Metal Prices
Automotive MMI: June Sales a Mixed Bag for Automakers
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for a reading of 87. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors reported Q2 deliveries of 746,659 vehicles, marking a 1.5% decline on a year-over-year basis. GM’s chief economist said U.S. light-vehicle […]
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
Week in Review: The U.S. Dollar, Iron Ore and MetalMiner’s Trade Resource Center
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Belinda Fuller touched on the U.S. dollar’s impact on precious metals prices. Sticking with currency issues, Stuart […]
This Morning in Metals: Copper Flat Ahead of Trump-Xi Meeting
This morning in metals news, the copper price didn’t budge Thursday ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, Nucor announced a price hike for flat-rolled steel products, and automaker Tesla won a tariff exemption on aluminum imported from Japan. Need buying strategies for steel? Request your two-month […]
Strike at Chuquicamata Copper Mine Drives Prices Up — How Far Will They Go?
Copper appears to be caught in the crosswinds. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After months of steady declines from a peak of U.S. $6,600 per ton in April, the copper price had drifted down to well below $6,000 per ton on fears of what impact the ongoing […]
This Morning in Metals: MetalMiner’s Trade Resource Center is Live
This morning in metals news, MetalMiner now has a trade-centered news portal, the European steel sector is demanding tougher safeguards and the copper price posted gains. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner Trade Resource Center Tariffs, trade deals and trade wars — the world is abuzz these […]
Rising Iron Ore Prices Push Some Chinese Steel Mills into the Red
Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
This Morning in Metals: Supreme Court Won’t Hear Challenge to Trump’s Section 232 Steel Tariffs
This morning in metals news, the Supreme Court will not hear a challenge to President Donald Trump’s Section 232 steel tariffs, Chinese steel prices made gains Monday and the U.S. is mulling a ban on 5G technology manufactured in China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supreme Court […]
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
