According to the BBC last week, British Steel, the U.K.’s second-largest steel producer, is knocking on the door of the British government for the second time in as many months looking for support. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In April, the firm borrowed £120 million from the […]
Category: Metal Prices
Trump Drops Metals Tariffs on Canada, Mexico; What’s the Impact on Steel, Aluminum Prices?
President Donald Trump announced today the removal of the U.S.’s Section 232 tariffs on steel and aluminum with respect to NAFTA partners Canada and Mexico. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The tariffs had remained in place since June 1, 2018, when temporary exemptions for Canada, Mexico and […]
Week in Review: Steel Prices, Sustainable Mining and the Fall of the Tata-Thyssenkrupp JV
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 MetalMiner’s Belinda Fuller’s Raw Steels MMI report runs down the month in the raw steels sector. The […]
This Morning in Metals: Iron Ore Soars After Vale Warning
This morning in metals news, the iron ore price continues to rise, the U.S. cut its import tariff on Turkish steel in half and copper is on its way to its fifth consecutive weekly loss. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises After Vale Warning The […]
Is it Time to Call a Bear Market for Industrial Metals?
While industrial metals started 2019 in an upward trend, the complex showed weakness as 2019 progressed. In fact, all of the industrial metals hit down around current support levels — and lower at times — during the past few weeks. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook With industrial […]
This Morning in Metals: Section 232 Auto Tariff Decision Delayed
This morning in metals news, the May 18 deadline for the president’s decision on potential new automotive tariffs is being pushed back up to six months, Chinese iron ore futures rose to a record high and the Trump administration reversed an Obama-era pause on mining in a northeastern Minnesota wilderness area. Need buying strategies for […]
ILZSG: 2019 Forecast Includes Global Lead Surplus, Zinc Deficit
The International Lead and Zinc Study Group (ILZSG) released its most recent 2019 forecast for lead and zinc, forecasting a lead surplus, while zinc demand is forecast to exceed supply. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Lead Surplus The ILZSG forecast a lead surplus of 71,000 tons in […]
Chinese HRC Prices Continue to Rise on the Back of Government Stimulus Measures
Chinese HRC prices increased again this month, while other forms of steel stayed flat overall. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Looking more closely at HRC — along with CRC, HDG and plate — prices generally remain lower than a year ago on a year-on-year basis, with the […]
This Morning in Metals: Vale Announces $2.5B Investment in Dry Iron Ore Processing
This morning in metals news, Brazilian miner Vale SA has plans to invest approximately $2.5 billion over the next five years in dry iron ore processing, Rusal reported a drop in its first-quarter profits and copper prices bounced back. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Processing Plans Miner Vale […]
Raw Steels MMI: Prices Continue to Trend Sideways
The Raw Steel Monthly Metals Index (MMI) dropped 1.2% this month, down to an index reading of 80. Weakness in the index once again came from U.S. domestic steel prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. prices showed weakness of late with HRC, CRC, HDG and plate […]
