Despite howls of protest from consumers, the Biden administration has doubled down on the Trump administration’s trade barriers with its latest move on aluminum tariffs. The administration recently slapped semi-finished flat rolled aluminium anti-dumping duties on 18 countries supplying the US market. Aluminum tariffs Previous administrations’ focus on China — first on extrusions in 2011 […]
Category: Metal Prices
This Morning in Metals: European Parliament passes Carbon Border Adjustment Mechanism
This morning in metals news: the European Parliament recently voted on a resolution for a Carbon Border Adjustment Mechanism; China’s steel output reached nearly 175 million tons in January and February; and the US CRC price has widened the spread with the China CRC price. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring […]
US steel production steady as imports ramp up to start the year
The US steel sector’s capacity utilization rate posted another incremental gain — this past week rising to 77.7% — as steel production remains steady, but buyers continue to face challenges in securing supply. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Steel […]
This Morning in Metals: U.S. Steel bullish on market fundamentals
This morning in metals news: U.S. Steel offered a bullish view of the steel market in its first-quarter guidance; the Chinese steelmaking city of Tangshan is moving to tackle pollution; and the tin price has bounced back up over the last two weeks. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
Stainless MMI: Nickel price drops on Tsingshan supply news
The Stainless Monthly Metals Index (MMI) rose by 4.3% for this month’s reading, as news of a supply deal by China’s Tsingshan Holding Group helped push the nickel price downward. Sick of not finding good price indexes for stainless steel? Check out the MetalMiner stainless steel should-cost model — detailed price-per-pound info for grade, form, […]
Raw Steels MMI: As steel price gains slow, could a peak be near?
The Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow. Steel price gains appear to slow Steel price rises have continued, much to the chagrin of buyers battling for hard-to-get supply. However, the pace of the price gains has started […]
Week in Review: ArcelorMittal and GFG; copper prices; China’s Five-Year Plan
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of ArcelorMittal, copper prices, China’s latest five-year plan and much more: Week of March 8-12 (ArcelorMittal, China’s Five-Year Plan and more) Australia’s Lynas Rare Earths reported its half-year […]
This Morning in Metals: ArcelorMittal reportedly asks for cash upfront to supply GFG mills
This morning in metals news: amid GFG Alliance’s financial crisis, ArcelorMittal has reportedly asked for cash upfront to supply Sanjeev Gupta’s steel mills; meanwhile, a so-called “green hydrogen” facility in Germany has started operations; and, finally, the LME three-month aluminum price has trended sideways this month. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in […]
Copper MMI: Traders take profits after copper price surges to 10-year high
The Copper Monthly Metals Index (MMI) picked up by 12.6% for this month’s reading, as the copper price surged to a 10-year high last month. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper price rise The copper price […]
Aluminum MMI: China’s latest five-year plan could support aluminum prices
The Aluminum Monthly Metals Index (MMI) picked up 6.3% for this month’s reading, as the China aluminum sector could get a price boost from the 14th Five-Year Plan. Furthermore, the Department of Commerce made anti-dumping and countervailing duty determinations on aluminum sheet. China’s 14th Five-Year Plan By virtue of its having the largest aluminum and […]
