For those wondering how the surge in domestic steel prices have impacted many domestic steelmakers, there is perhaps no better indicator of that impact than quarterly earnings reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steelmaker Nucor Corporation reported its third-quarter earnings late last week, reporting net earnings of […]
Category: Metal Prices
Credit Suisse Downgrades U.S. Steel Sector Despite Tariff Boon
It seems almost inconceivable that Credit Suisse could be downgrading expectations for the US steel sector, as recently reported by Reuters. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It feels counterintuitive that an industry buttressed by 25% import tariffs would not be riding the crest of a wave, particularly […]
This Morning in Metals: Tangshan Mills Boost Steel Production
This morning in metals news, mills in the Chinese city of Tangshan have increased steel production despite the official start of winter cuts, LME copper prices fell and U.S. imports of aluminum from Australia have been on the rise. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tangshan Boosts Steel […]
The October MMI Report: Eight of 10 Subindexes Either Fall or Stay Put
Another month has come and gone, and MetalMiner’s October Monthly Metals Index (MMI) report is out. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month’s report featured four subindexes posting declines, four standing put and just two posting increases (Copper and Global Precious). A few highlights from this month’s […]
Week in Review: Mining in Goa, Alunorte’s Stop and Start, and MMI Week
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 Many are hoping for a return to a heavy mining presence in the Indian state of Goa. […]
Aluminum MMI: Aluminum Prices Rise and Fall on Alunorte News
The October Aluminum Monthly Metals Index (MMI) fell two points for an October MMI subindex value of 91 (its lowest since August 2017). Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell slightly in September. However, the mid-term trend has moved mostly sideways, trading between the $1,970-$2,170/mt level. Movements […]
Stainless Steel MMI: LME Nickel Price Volatility Decreases
The Stainless Steel Monthly Metals Index (MMI) traded sideways in October. The current index stands at 72 points, back at January 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The sideways trend was created by a less volatile nickel price and lower domestic stainless steel surcharges, while stainless […]
GOES MMI: ABB, Cooper Power Battle AK Steel in GOES Section 232 Exclusion Requests
GOES Monthly Metals Index (MMI) spot prices took a big drop while large power equipment manufacturers went head to head with the sole U.S. producer of grain-oriented electrical steel (GOES), AK Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook GOES appears more challenging under Section 232 because both producers […]
Global Precious MMI: Precious Metals Index Rebounds on Back of Palladium
MetalMiner’s precious metals index, tracking a basket of platinum, palladium, gold and silver prices in several geographies across the globe, bounced back in October after several months of declines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious Monthly Metals Index (MMI) registered a value of 83 for […]
This Morning in Metals: LME Aluminum Hits One-Week Low
This morning in metals news, the LME aluminum price has tracked back down after spiking last Wednesday, U.S. steel import permit applications fell in September and a Chilean state-owned miner is in talks to sell copper to China’s Minmetals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Aluminum Hits […]