That the aluminum market is in a deficit is a widely accepted fact — but it still remains hard to see in practice. Usually when markets are in deficit, prices rise. Primary aluminum as quoted by the LME, however, has been at best sideways for the last year or more. Prices have gradually softened within […]
Category: Metal Prices
This Morning in Metals: Nickel Prices Fall on the Heels of Earlier Surge
This morning in metals news, the nickel price rally appears to have lost some steam, iron ore prices have started to come back down to earth and a Chinese company pulls out of the bidding for British Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nickel Price Slides After […]
Aluminum’s Short-Term Fundamentals are Less Than Promising
The short-term fundamentals for aluminum do not look promising, if Alcoa’s latest report is to be believed. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The major primary producer is struggling to create positive net cash flow, a measure of the firm’s ability to pay down its substantial debt, reporting a […]
This Morning in Metals: U.S. June Steel Imports Fall to 1.8M Metric Tons
This morning in metals news, June steel imports in the U.S. declined, U.S.-China trade talks are expected to resume after falling apart in May and copper prices picked up Wednesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook June Steel Imports Hit 1.8M Tons June steel imports in the U.S. […]
Week in Review: Trump’s Executive Order, Oyu Tolgoi and Housing Starts
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 In case you missed it, the July 2019 MMI report was released last week. Zinc and lead […]
Chatting with CRU’s Josh Spoores Ahead of the 2019 SMU Steel Summit
Where are steel prices going from here? What about lead times? How are tariffs impacting the market? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Those in the steel sector will have a chance to learn about all of the trends impacting the steel industry during the upcoming SMU Steel […]
Indonesia’s Export Ban Update Drives Nickel Price Rise
After drifting off from a spring high, the nickel price has flatlined in the second quarter (along with much of the rest of the metals complex). However, the metal has put in a surprisingly strong performance in just the last week due to Indonesia’s announced export ban spooking market concerns about supply, according to the Financial Times. […]
This Morning in Metals: U.S. Steel Sector’s Capacity Utilization Hits 81.1%
This morning in metals news, the U.S. steel sector continues to outproduce 2018 levels, copper prices are around two-week highs and President Donald Trump took to Twitter to tout the impact of the U.S.’s tariffs on China’s economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Capacity Utilization Rate Reaches […]
The July MMI Report: Seven of 10 MMIs Post Upward Movement
The July 2019 Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After a couple of down months, the MMIs showed upward movement this time around. Seven of 10 MMIs increased for the July reading. The Raw Steels MMI was the lone subindex to […]
Week in Review: Trade Tensions, MMI Week and India’s Steel Sector
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 Stuart Burns on trade tensions between the U.S. and the E.U. We wrapped up MMI week with […]