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. […]
Category: Metal Prices
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 […]
This Morning in Metals: U.S. Treasury Department Lifts Sanctions on Rusal
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 […]
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. […]