Have you set your 2019 metals budget? Make sure your purchasing strategy is sound with MetalMiner’s free 2019 Annual Metals Outlook! Arriving just in time for budgeting season, this report contains the unique insight, analysis and tools you need as a metal buyer or manufacturer to know when and how to make the buying decision […]
Category: Metal Prices
Russian Sanctions Remain a Threat to Metals Markets
Following Russia’s military intervention in Ukraine in February 2014 — the Ukrainian crisis, as it became known as — a number of countries imposed sanctions on Russia led by the United States and Europe, but supported by many others like Canada, Australia and Japan. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The […]
European Steel Producers Performing Well Despite Tariffs, Political Turmoil
European steel producers have rarely had it so good— that’s not a statement you would expect to hear describing what has been a horribly cyclical industry that has struggled with overcapacity, political interference and significant legacy costs (such as expensive pension funds). At the same time, the European market has been flooded with cheap imports […]
Global Crude Steel Production in July Rises 5.8% Year Over Year
Global crude steel production was on the rise last month, jumping 5.8% compared with July 2017, according to a World Steel Association report this week. That rate is down from the 8.5% posted in July 2017 and the 6.4% in June 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According […]
This Morning in Metals: Chinese Steel Prices Running Opposite the Stock Market
This morning in metals news, Chinese steel prices are not running in the same direction as the Chinese stock market, copper hit a two-week high and automaker shares were up on yesterday’s NAFTA news. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Surging The Chinese stock market has been […]
Turkey’s Disproportionately Large Steel Sector Heavily Impacted by Tariffs
Turkey may not be a big cheese in many ways, but its currency has taken a hammering following President Donald Trump’s threats of doubling tariffs and dire sanctions against a select few individuals close to authoritarian President Recep Tayyip Erdoğan. But apart from the impact on one or two other emerging-market currencies, like South Africa’s, […]
LME Aluminum Price Continues Downtrend as Commerce Secretary Visits Century Aluminum Plant
Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Week in Review: Natural Gas, the U.S. Dollar and Utah Oil Sands
Before we head into the weekend, let’s take a look back at the week that was and some of the metals-related storylines here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook MetalMiner’s Stuart Burns took a look at the natural gas sector, which make be in for a shakeup […]
Aluminum Association Urges Trump Administration to Address Chinese Overcapacity
The Aluminum Association this week sent a letter to the Trump administration urging it to address Chinese overcapacity, as U.S. and Chinese officials are set to resume talks Wednesday and Thursday aimed at allaying trade tensions. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The trade group sent the letter to Treasury […]
The U.S. Dollar’s Softening Lifts Commodities Prices
The dollar dropped this week and stocks pulled back following comments early this week form President Trump that reversed earlier optimism over U.S.-China trade talks later this week. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to the Financial Times, the index tracking the U.S. dollar was down 0.3% at […]