The Stainless Steel Monthly Metals Index (MMI) declined by three points this month to 67, following a five-point decline last month. LME nickel prices continued to slide as global markets reacted to production delays due to coronavirus, which weakened demand and prices.
Category: Metal Pricing
This Morning in Metals: Copper prices slide amid coronavirus fears
This morning in metals news, copper prices have been sliding amid growing fears over the spread of the coronavirus in China, laminated steel manufactured by Tata Steel in the Netherlands has been exempted from U.S. tariffs and China’s Jingye is reportedly considering building a new metals recycling furnace in the U.K. Looking for metal price […]
Automotive MMI: U.S. Sales Slide in July as Transaction Prices Rise
The Automotive Monthly Metals Index (MMI) fell one point this month for an August reading of 86. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales Nissan reported July sales in the U.S. of 98,880 units, down 9.1% on a year-over-year basis. Honda’s sales ticked up 1.9% to 141,296 […]
This Morning in Metals: Copper is Getting a Jolt from the EV Sector
This morning in metals news, U.S. copper deposits are garnering investment from electric vehicle (EV) industry players, London copper rose Friday and the E.U. mulls retaliation if the U.S. imposes tariffs on automobiles. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Investment The copper price struggled through the final […]
Tariffs Lift Prices But Capacity Utilization Remains an Issue
Even if U.S. steelmakers have been slow to add capacity following President Trump’s tariff protection, it would seem foreign steel makers are willing to commit to domestic U.S. production. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Financial Times this week reported on the announcement by BlueScope Steel, Australia’s biggest […]
Renewables MMI: BHP Billiton Looks to Increase Cobalt Sulphide Production
The Renewables Monthly Metals Index (MMI) dropped three points for an August MMI reading of 105. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook BHP Getting Into Cobalt Miner BHP Billiton has plans to ramp up its production of a cobalt product used in electric vehicle (EV) batteries, Bloomberg reported. Per the […]
This Morning in Metals: Shandong Province Announces Plans for Steel Capacity Cuts
This morning in metals, a Chinese province announced new capacity cut targets as part of the country’s overall environmental plans, copper supply-side issues and Vedanta’s quarterly earnings rise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Plans to Cut Steel, Coal Capacity China’s Shandong province has new targets for cuts on steel and […]
Dropping Zinc Prices Get a Boost From Chinese Smelter Cuts
Not long ago, we mentioned that copper prices had been plunging of late — but the so-called “Dr. Copper” isn’t the only one on hard times. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Zinc has also been trending down this year. LME primary cash zinc opened the calendar year at […]
