This morning in metals news, copper and aluminum prices drop, Japanese steel exports fall and the U.S. and Canada still remain without a new deal vis-a-vis North American Free Trade Agreement (NAFTA) renegotiation efforts. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Copper, Aluminum Prices Fall on Scaledown of China’s Winer Cuts Copper […]
Category: Metal Prices
This Morning in Metals: $80 Oil and Energy Infrastructure Investment
This morning in metals, Shell’s chief executive says $80 oil is good for energy infrastructure investment, China’s Baowu is reportedly in talks to acquire a rival and base metals prices dropped on Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook $80 Oil? Shell CEO Says It’s Not Unreasonable In […]
This Morning in Metals: Copper Near 10-Week High Despite Trade Tensions
This morning in metals news, copper prices approached a 10-week high, trade tensions continue to rise between the U.S. and China, and an Australian coal miner boasts a $4.4 billion IPO. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Hover Near 10-Week High Even with trade tensions weighing […]
This Morning in Metals: USTR Questions Global Steel Forum’s Ability to Deliver Capacity Cuts
This morning in metals news, the Office of the United States Trade Representative (USTR) dished out criticism for a global steel forum and its efforts toward curbing excess steel capacity, Chinese steel rebar prices are up and Walmart warns tariffs could result in price increases. Need buying strategies for steel? Request your two-month free trial […]
Norsk Hydro Backs Out of Deal to Buy Rio’s Icelandic Smelter
The aluminum market is facing much more uncertainty now than it was in February 2018 when Norsk Hydro agreed with Rio Tinto to buy the 205,000-ton-per-year capacity ISAL aluminum smelter, located in Hafnarfjörður, Iceland. According to the Financial Times, that deal included the balance 53.3% share in the Aluchemie anode plant in the Netherlands that Hydro […]
The September MMI Report: Seven of 10 Subindexes Drop
The September Monthly Metal Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The month saw seven of our 10 MMIs posting declines, with two staying put and one increasing (Construction). A few highlights from this month’s report: U.S. Midwest aluminum premiums fell for […]
This Morning in Metals: Trump Again Tweets Support for Tariff Strategy
This morning in metals news, President Donald Trump again expressed support for imposing tariffs on imports (as the U.S. considers further tariffs on Chinese goods), shares of the Chinese aluminum giant China Hongqiao fell, and base metals prices are down on the prospect of escalating tariffs between China and the U.S. Need buying strategies for […]
Week in Review: Shale Gas, MMI Week and the Rusal Sanctions Deadline
Before we head into the weekend, let’s take a look back at the week that was and some of the top metals storylines here on MetalMiner: Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The shale gas sector appears to be slowing down, but the extent and longevity of the slowdown remains to […]
GOES MMI: Spot Prices Slide While Manufacturers Challenge AK Steel, Metglas
Grain-oriented electrical steel (GOES) prices fell for the second month in a row, with multiple large power equipment manufacturers requesting exclusions from the Section 232 tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook What makes these requests noteworthy involves the arguments made by each of the firms. One of […]
Stainless MMI: Nickel Prices, Stainless Steel Surcharges Drop
The Stainless Steel Monthly Metals Index (MMI) fell again this month. The slide of six points moved the index to 72 from the previous 78 reading. Lower nickel prices led the fall, while domestic stainless steel surcharges also fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The drop in […]