This morning in metals, President Donald Trump threatened to impose tariffs on all imports from Mexico, Shanghai steel prices are down and copper prices are en route to their biggest monthly fall since 2015. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump Threatens More Tariffs on Mexican Goods The […]
Category: Metal Prices
Taking a Closer Look at the Platinum-Palladium Price Spread
In spite of their status as precious metals, the automotive industry accounts for a high percentage of platinum and palladium demand annually, making the pair essentially industrial metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Given that a high percentage of demand generated from the automotive industry relates to […]
This Morning in Metals: Parties Register Official Interest in British Steel
This morning in metals news, a number of groups have registered interest in British Steel, Chinese iron ore futures surged to a new high, and Alcoa and Arconic workers could be set to go on strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Potential Buyers for British Steel Last […]
Alunorte’s Restart Does Not Bode Well for Aluminum Prices
According to the Financial Times, Norsk Hydro’s giant Alunorte refinery in Brazil has been given approval to restart production by the Brazilian authorities. The announcement caught the market by surprise, coming some months earlier than had been expected. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The restart is a boost for Hydro, […]
A Memorial Day Review of the Top 10 Most-Viewed Posts of 2019 (So Far)
The first five months of 2019 have been quite busy ones for the world of metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Unsurprisingly, steel and aluminum dominated the list. […]
Week in Review: A Weakening Yuan, British Steel’s Struggles and a ‘Perfect Storm’
Before we head into the Memorial Day 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 Stuart Burns delved into the situation at British Steel early in the week (prior to […]
This Morning in Metals: U.S. Steel Imports Down 7.8% Through April
This morning in metals, U.S. imports of foreign steel have dropped 7.8% through the first four months of the year, the Department of Commerce announced changes to its countervailing duty process and the copper price is on its way to its sixth consecutive weekly drop. Need buying strategies for steel? Request your two-month free trial […]
Experts Fail to Quantify Impact of Section 232 Steel, Aluminum Tariffs
If you ask 100 procurement professionals whether or not the Section 232 steel and aluminum tariffs have helped or harmed them, 100% will say the tariffs harmed them. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After fielding hundreds of calls from metal-buying organizations this past year, we here at […]
U.S. Steel Mills’ Capacity Utilization Rate Reaches 81.8%
U.S. steel mills have operated at a capacity utilization rate of 81.8% for the year through May 18, according to the American Iron and Steel Institute’s (AISI) weekly steel production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the report, adjusted year-to-date production through May 18 reached […]
Will a Weakening Yuan Result in Rising CRC Steel Imports from China?
In recent weeks, the Chinese yuan (CNY) has weakened against the U.S. dollar (USD). A weaker yuan makes imports cheaper, all other things holding equal. As we can see in this chart, during the past couple of weeks the yuan weakened back to roughly December levels. Will this currency change result in surging steel imports […]
