The September Aluminum Monthly Metals Index (MMI) traded sideways this month. The Aluminum MMI index stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices increased in August. However, so far in September, prices have fallen. Aluminum prices are in a sideways trend within the $1970-$2170/mt band. Buying […]
Category: Metal Prices
Renewables MMI: E.U. Drops Defense Against Solar Panel Imports from China
The Renewables Monthly Metals Index (MMI) dropped one point this month, falling for a September reading of 104. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Making the Desert … Green? Forms of renewable energy, like wind and solar, have gained momentum in recent years, both in practice and in popular support. […]
Week in Review: Annual Outlook, Rusal and the State of European Steel
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? Try two free months of MetalMiner’s Outlook China filed a dispute complaint with the World Trade Organization (WTO) as it sought consultations with the U.S. […]
Construction MMI: July Construction Spending Rises 5.8% Year Over Year
The Construction Monthly Metals Index (MMI) picked up two points this month, rising 2.2% for a September reading of 92. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in July — the most recently available month for Census Bureau data — hit $1,315.4 billion, which […]
Hot Off the Press — MetalMiner’s 2019 Annual Metal Outlook!
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 […]
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, […]