This morning in metals news, the U.S. Treasury Department lifted sanctions against Russian aluminum giant Rusal, one executive makes the case for copper and a dam collapse at one of Brazilian miner Vale’s mines has led to at least 60 deaths. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sanctions […]
Category: Metal Prices
Global Crude Steel Production Rises 4.6% in 2018
According to a World Steel Association report, global crude steel production increased 4.6% last year compared to 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Crude steel production increased in every region except the E.U. E.U. production declined 0.3% year over year. Overall, production growth slowed from the 6.3% […]
Week in Review: India’s Auto Sector, BHP Production Totals and Steel’s Slide
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 the gloomy start to the new year. The Indian government is optimistic about foreign […]
This Morning in Metals: 2019 Could be a Record Year for Antofagasta
This morning in metals news, Chilean miner Antofagasta expects a bumper 2019, the reason why Elon Musk is using stainless steel to build a new SpaceX rocket and China is finding ways to avoid duties to get its stainless steel into India. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Antofagasta […]
This Morning in Metals: LME, SHFE Copper Prices Slide
This morning in metals news, copper slides, one business says it has been impacted by the Trump administration’s Section 232 steel tariff and a November train derailment had a major impact on miner BHP’s production totals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Slides The price of London […]
Domestic Steel Prices Continue to Trend Downward
Domestic steel prices have been in a downtrend since August, when prices started to show the first signs of weakness. All forms of steel, except plate, have showed downward price momentum. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Historically, steel prices move lower during Q3 and part of Q4. […]
This Morning in Metals: Chinese Iron Ore Futures Surge
This morning in metals news, Chinese iron ore futures hit their highest price point in 10 months, Turkey’s steel sector takes another hit, and copper and zinc hit their 2019 highs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises Is optimism building vis-a-vis a potential resolution to […]
This Morning in Metals: Alcoa Reports 4Q, Full-Year 2018 Results
This morning in metals news, aluminum producer Alcoa Corporation reported its fourth-quarter and full-year 2018 results, India is considering a higher iron ore import duty and Shanghai steel futures moved up. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa Reports 4Q Earnings Pittsburgh-based aluminum producer Alcoa Corporation reported its […]
Senate Resolution to Block Easing of Russia Sanctions Falls Short
A resolution that sought to reverse the Trump administration’s decision to ease sanctions on Russian companies — including aluminum heavyweight United Company Rusal — failed to pass this week, coming in at a 57-42 vote (just short of the 60 votes needed to pass). Need buying strategies for steel? Request your two-month free trial of […]
Mid-January Review: DBB Struggles to Recover Momentum
Base metals traded higher at the beginning of January. However, momentum appears to be weaker once again. The DBB index has shown weakness since June 2018, when it started this short-term downtrend. MetalMiner has recently revised its market outlook, advising buying organizations to closely follow how the index develops. Need buying strategies for steel? Request […]