The headline news for grain-oriented electrical steel (GOES) involves the continued drop in total import levels into the U.S. The U.S. had imported at least 2,500 metric tons per month since the start of this year, but after the announcement of tariffs, imports shrank to 411 metric tons in July. However, some steel pundits speculate […]
Category: Metal Prices
Global Precious MMI: Higher Platinum, Palladium Prices May Have to Wait for 2019
Last month we noted that record-low prices characterized the Global Precious Monthly Metals Index (MMI) monthly reading and posed the question: will there be more price drops to come? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook From the looks of it, the short answer to that is … yes. Here’s […]
This Morning in Metals: U.S. Steel Mills See 3.2% Jump in Shipments
This morning in metals news, U.S. steel mills shipped 3.2% more steel in June 2018 than in June 2017, President Donald Trump announced the doubling of steel and aluminum tariff rates against Turkey, and Ford is feeling the effects of rising metals prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Week in Review: MMI Week, Trade War Impacts and India Postpones Retaliatory Tariffs
Before we head into the weekend, let’s take a look back at the week that was and some of the metals stories here on MetalMiner®: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MMI Week continued, this week with posts on: Automotive Raw Steels Copper Rare Earths Renewables Stainless Steel Aluminum […]
Aluminum MMI: LME Prices Fall Toward Support Level
The August Aluminum Monthly Metals Index (MMI) fell two points last month. The current Aluminum MMI index now stands at 93 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in July. However, the rate of the declines has slowed. Price changes do not appear to be sharp and […]
Stainless MMI: LME Nickel, Stainless Surcharges Drop
The Stainless Steel Monthly Metals Index (MMI) fell again this month. The slide of four points moved the index to 78 from the previous 82 reading. The index fell back to May 2018 levels. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The index dropped due to a slight fall in […]
Renewables MMI: BHP Billiton Looks to Increase Cobalt Sulphide Production
The Renewables Monthly Metals Index (MMI) dropped three points for an August MMI reading of 105. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook BHP Getting Into Cobalt Miner BHP Billiton has plans to ramp up its production of a cobalt product used in electric vehicle (EV) batteries, Bloomberg reported. Per the […]
Rare Earths MMI: Rare Earths Appear on Trump Administration’s Proposed $200B Tariff List
The Rare Earths Monthly Metals Index (MMI) fell one point for an August reading of 18. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rare Earths and Trade Tensions Much has been said about the rise of trade tensions around the world, particularly between the U.S. and China. Those tensions began to manifest […]
Copper MMI: All Eyes on Labor Negotiations at BHP’s Escondida Mine
In August, the Copper Monthly Metals Index (MMI) fell by four points. The Copper MMI has continued to slide, mainly driven by weaker LME copper prices in July. The current Copper MMI stands at 77 points. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The recent slide in copper prices has […]
Raw Steels MMI: Steel Price Momentum Slows
The Raw Steels Monthly Metals Index (MMI) fell one point further this month, dropping to 89 from the previous 90 reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Raw Steel MMI has returned to May 2018 levels. The slight drop came as a result of slower domestic steel price […]
