U.S. domestic steel prices steadily increased after the release of the Section 232 report and President Donald Trump’s formal proclamation. However, the pace of the increases has started to slow down, signaling a possible top. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After what now looks like sluggish steel momentum […]
Category: Metal Prices
Week in Review: Aluminum, KORUS and Section 232
Happy Friday, MetalMiner readers! Here’s a look back at this week’s top stories. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A number of aluminum associations around the world wrote a joint letter urging G20 leaders to hold a forum on global aluminum overcapacity at this year’s G20 Summit, scheduled to […]
This Morning in Metals: Alcoa Shares Jump 4%, Companies Seek Waivers from Section 232 Tariffs
This morning in metals news, there has been a flood of applications from U.S. companies for exemptions from the Section 232 tariffs. Nickel prices reached a three-year high, stoked by fears of more sanctions, and Alcoa shares jumped in after-hours trade following rosy Q1 results. Need buying strategies for steel? Try two free months of […]
Mid-April Metals Analysis: Aluminum, Copper and Nickel Prices Rise, Other Base Metals Fall
Numerous factors weigh heavily on the base metals and commodity complex: the Chinese copper scrap ban, the Section 232 proclamation on aluminum and steel combined with country-specific exemptions set to expire on May 1, the Section 301 investigation, and multiple strikes at copper and nickel mines to boot. After the turmoil of the first few […]
This Morning in Metals: Saudi Arabia Seeks $100/Barrel Oil Price, Chinese Iron Ore Rebounds from 10-Month Low
This morning in metal news, Chinese iron ore futures rebound from a 10-month low, Saudi Arabia emerges as OPEC’s leading supporter for further reducing oil supply, and researchers discover a major supply of rare earth minerals in the seabed near a remote Japanese island. Need buying strategies for steel? Try two free months of MetalMiner’s […]
This Morning in Metals: Aluminum Prices Rally, EU Challenges U.S. Section 232 Tariffs
This morning in metals news, aluminum prices have risen to a seven-year-high following the London Metal Exchange’s ban on Rusal metal, the EU pushes back against the U.S.’s steel and aluminum tariffs, and renewable energy takes center stage among major U.S. companies. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A […]
This Morning in Metals: Oil, Gold Prices Dip, NAFTA Talks to Accelerate
This morning in metals news, oil and gold prices opened slightly lower despite the missile attacks on Syria that took place early Saturday morning local time. NAFTA renegotiation talks speed up in face of Mexico’s upcoming presidential election. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Oil, Gold Traded Lower Following […]
Aluminum Recovers With More Than 13% Price Jump in a Week
At the end of week before last, aluminum prices seemed to struggle; some thought the metal might have shifted to bearish country. However, after that LME aluminum prices jumped by more than 13% in a week. LME aluminum prices retraced to August resistance levels ($1,972/mt), and then increased sharply again. Need buying strategies for steel? […]
Week in Review: MMI Week, Rusal Takes a Hit and Taking on Overcapacity
Before we head into the weekend, let’s take a look back at the week that was and some of the headlines here on MetalMiner: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In case you missed it, check out our Monthly Metal Index (MMI) reports for: Copper Global Precious Aluminum Raw […]
The April MMI Report: LME Metals Fall While U.S. Steel Gets a Boost
Our latest round of Monthly Metal Index (MMI) reports is in, snapshotting what was a particularly busy month in the world of metals. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Last month, the Trump administration enacted Section 232 tariffs on steel and aluminum imports, which had been a topic of […]