This morning in metals news, the Chinese government’s decided to continue stimulus measures offers a boost to steel and iron ore, India could move past the U.S. in steel use and Tokyo Steel holds prices steady for a fifth consecutive month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China […]
Category: Metal Prices
Week in Review: Iron Ore, Global Growth Forecasts and U.S. Raw Steel Production
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 Could the iron ore price continue to rise even further? The April Monthly Metals Index (MMI) report […]
Can the Chinese Government Keep Steel Production in Check in 2019?
The Chinese government frequently mandates steel production cuts, especially for environmental reasons. But the cuts have also aimed to cut production volume in support of maintaining higher steel prices and, therefore, a healthier domestic industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook A recent goal of cutting 150 million […]
This Morning in Metals: China’s Steel Production Shows No Signs of Slowing
This morning in metals news, China’s steel sector continues to churn out more and more steel, copper prices soared to a nine-month high, and the oil price surged on falling U.S. stockpiles. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Steel Production Despite a program of winter production curbs, […]
This Morning in Metals: Shanghai Rebar Hits 7 1/2-Year High
This morning in metals news, the price of SHFE rebar continued its rise Tuesday, the Aluminum Association released its first new material registration record in almost two decades and Brazilian steelmakers are struggling with an iron ore shortage. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Rebar Rises The […]
This Morning in Metals: Rio Tinto Announces Additional $302M for Arizona Copper Project
This morning in metals news, miner Rio Tinto announced Monday it will commit an additional $302 million toward the Resolution Copper project in Arizona, Rusal made its first post-sanctions U.S. investment and copper prices rose Monday. Rio Tinto Announces $302M Additional Investment Miner Rio Tinto announced Monday it will pitch in an additional $302 million […]
The April 2019 MMI Report: Five of 10 MMIs Trade Flat
The April 2019 Monthly Metals Index (MMI) report is in the books. This month was marked by the status quo, as five of 10 MMI subindexes stayed put. The Aluminum, Automotive, Copper, Renewables and Stainless MMIs all traded flat for the April reading. Raw Steels and Global Precious were down for the month, while Construction, […]
Week in Review: MMI Week, Auto Emissions and E.U.-U.S. Trade
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 April Monthly Metals Index (MMI) series concluded this week with coverage of: Construction Aluminum Stainless Copper […]
Renewables MMI: EPA Deal Opens Door to Potential Missouri Cobalt Mining
The Renewables Monthly Metals Index (MMI) held flat this month, sticking at an MMI reading of 103. Cobalt in … Missouri? The St. Louis Post Dispatch reported an EPA agreement could open the door to cobalt mining at the site of an old lead mine. On April 3, the EPA announced it had reached an agreement […]
Raw Steels MMI: Subindex Dips on Mixed Price Movements
The Raw Steels Monthly Metals Index (MMI) fell by one point this month to 81, a 1.2% decline from the previous month’s MMI value. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Price weakness in the index came from the U.S. HRC 3-month futures contract, with a 6.3% decline in price […]