[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The […]
Category: Metal Prices
Raw Steels MMI: Steel Prices Continue to Decline, Iron Ore Surges After Vale Dam Breach
The Raw Steels Monthly Metals Index (MMI) posted a one-point increase this month, moving to an MMI reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As reported last month, steel prices continued to fall from their historically high levels reached back in the spring of 2018. CRC and […]
Rare Earths MMI: Canadian, Australian Firms Join Forces for Canadian Rare Earths Project
The Rare Earths Monthly Metals Index (MMI) showed no movement this month, sticking at 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Joining Forces A Canadian company and an Australian company are joining forces on a rare earth elements project in Canada’s Northwest Territories. In late January, Canadian […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]
A Look at China’s Slowing Economic Growth Vis-a-Vis the Metals Market
China is one of the most-watched economies in the world because its health ties in heavily with overall global economic growth. Further, there is a strong correlation between the Chinese economy as an industrial metals demand generator and the primary metals market outlook. MetalMiner has always followed some Chinese indicators in order to completely understand […]
This Morning in Metals: Iron Ore Buyers Could Look to Australia After Vale Disaster
This morning in metals news, buyers are turning to Australia after a dam breach at one of Vale’s Brazilian iron ore operations, U.S. Sen. Chuck Grassley (R-Iowa) said the Trump administration should lift its Section 232 tariffs before the United States-Mexico-Canada Agreement (USMCA) is ratified and U.S.-China trade talks are set to resume this week. […]
AK Steel to Close ‘Largely-Idled’ Ashland Works by End of 2019
AK Steel on Monday reported its Q4 2018 and full-year earnings, posting net income of $33.5 million in the fourth quarter and adjusted net income of $48.0 million (compared with a loss in Q4 2017). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For the full year, AK Steel reported […]
This Morning in Metals: Metals to Post ‘Modest Rebound’ in 2019, Per Reuters Poll
This morning in metals news, copper and other metals will bounce back modestly in 2019 (according to a Reuters poll), AK Steel surged during after hours Monday and the Office of the United States Trade Representative (USTR) is holding a public hearing today on trade negotiation objectives for a potential bilateral U.S.-U.K. trade agreement. Need […]
U.S. Steel Mills’ Capacity Utilization Rate Inches Over 80% for YTD
U.S. steel mills achieved a capacity utilization rate of 80.3% for the year through Jan. 26, according to a recent report by the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Year-to-date production hit 70.07 million tons, according to the AISI report, up 10.9% from […]