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 […]
Category: Metal Prices
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 […]
U.S. Midwest Premium Remains High to Consumers’ Chagrin
Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]
China Flat-Rolled Steel, Part 2: Weaker Economy Could Dampen Steel Prices
(Editor’s note: This is the second of a two-part series. Read Part 1 here.) The International Monetary Fund (IMF) recently lowered its 2019 growth forecast for China from 6.3% to 6.2%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s current economic slowdown shows in the FXI, a large-cap market […]
China Flat-Rolled Steel, Part 1: Prices Weaken as Hot and Rainy Season Begins
(Editor’s note: This is the first of a two-part series examining Chinese flat-rolled steel prices. The first part examines historical steel price trends. The second part, which will be published Tuesday, will cover the economic outlook for China.) Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese steel prices started to […]
The June 2019 MMI Report: Eight of 10 MMIs Post Declines
The June 2019 Monthly Metals Index (MMI) report is in the books. June proved to be a down month for most of the MMIs, with eight of 10 posting declines. Only the Rare Earths and Renewables MMIs posted increases this month. Across the board, metals prices fell last month, including U.S. steel prices. A few […]
Week in Review: MMI Week, U.K.’s Auto Sector and E-Rickshaws
Before we head into the weekend, let’s take a look 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 We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]