Following on from an investigation started in February, the European Commission has launched an anti-dumping investigation into imports of aluminum flat-rolled products from China. The trade group European Aluminium made the formal complaint to the European Commission. Stop obsessing about the actual forecasted aluminum price — it’s more important to spot the trend. Products included, […]
Category: Metal Prices
This Morning in Metals: U.S. steel capacity utilization rises to 61.5%
This morning in metals news: the U.S. steel sector’s capacity utilization gained once again last month; iron ore futures made gains; and Tokyo Steel Manufacturing Co is keeping its prices steady. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? U.S. steel capacity rises to 61.5% Continuing the recent theme, […]
Supply-side worries are supporting the zinc, lead and copper prices
Zinc and lead are co-mined metals, often assessed in tandem. Zinc and copper, however, are less likely to be viewed as driven by the same fundamentals. Sentiment, yes. All the base metals can be influenced by the same narrative, such as currency strength or China demand. It is true to say both price drivers have […]
Raw Steels MMI: Demand remains strong in China, lagging elsewhere
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI value. Learn when you should use a steel scrap cap collar contract versus a finished price index. Chinese demand on the rise In the past few months, Chinese HRC and CRC prices have increased over 20%. Meanwhile, their U.S. counterparts have followed […]
Stainless MMI: Surcharges rise for third straight month
The Stainless Monthly Metals Index (MMI) increased by 4.4% for this month’s MMI value. Surcharges increase for a third month While stainless demand continues to remain in line with U.S. flat-rolled producer supply, alloy surcharges are rising for the third month in a row. Why? The surcharge increases are again due to an increase in […]
Renewables/GOES MMI: China’s Huayou Cobalt pauses purchases from two Congo mines
The Renewables Monthly Metals Index (MMI) held flat for this month’s MMI value. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) Want more metals analysis in your inbox? Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Chinese firm to pause purchasing from two Congo artisanal mines […]
Week in Review: Trump targets Canadian aluminum; copper flattens; silver surges
This past week’s metals news covered everything from silver price movements to the copper price rise’s slowdown to the reimposition of tariffs on some Canadian aluminum. We also broke down President Donald Trump’s recent proclamation with respect to reimposing the Section 232 tariff on some Canadian aluminum. MetalMiner’s Stuart Burns delved into the concern expressed […]
Global Precious MMI: Gold, silver prices surge then retrace
The Global Precious Monthly Metals Index (MMI) surged 9% for this month’s MMI value. You want more MetalMiner on your terms. Choose how often you hear from us – weekly, monthly, or quarterly – by signing up for email updates here. Surging gold price The gold price recently soared to an all-time high. The gold price […]
This Morning in Metals: Pressure rises on Thyssenkrupp’s steel business
This morning in metals news: Thyssenkrupp’s steel unit is facing heavy losses this year; zinc prices have gained despite elevated stocks; and copper dipped Thursday. Thyssenkrupp faces major losses Thyssenkrupp, which last year left Germany’s DAX index, faces a potential 1 billion euros in losses this year, Reuters reported. Earlier this year, the German firm […]
This Morning in Metals: Last call to sign up for the MetalMiner 2021 Forecasting Workshop
This morning in metals news: MetalMiner’s 2021 Forecasting Workshop is tomorrow; steel shipments from U.S. mills dropped 22% in June; and the European Steel Association outlined the impact of the COVID-19 pandemic on the European steel sector. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates now. Last chance to […]
