This morning in metals news, ArcelorMittal on steel demand in China (and elsewhere), copper lost ground after several upward sessions in a row and Mexico’s steel industry is not happy with the government’s decision to not renew steel safeguards protecting against steel from countries with which Mexico does not have a trade agreement. Need buying […]
Category: Non-ferrous Metals
This Morning in Metals: Copper Ticks Up, the State of the Union and Nippon Results
This morning in metals news, copper rises for third straight session, President Donald Trump’s State of the Union addresses China, NAFTA and more, and Japan’s Nippon Steel & Sumitomo Metal Corp. reported its quarterly earnings. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Picks Up According to Reuters, the copper […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]
Week in Review: Steel Production, Earnings Reports and Gold
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: Global crude steel production rose 4.6% year over year in 2018, while China’s piece of the pie grew. A dam breach at Brazilian miner Vale’s Corrego do Feijao iron ore […]
This Morning in Metals: Copper Hits Seven-Week High
This morning in metals news, copper gains momentum, Japan’s steel federation thinks domestic output will grow this year and U.S. Steel will have to pay at least $40 million to repair one of its facilities after a fire. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Reaches Seven-Week […]
This Morning in Metals: Iron Ore Buyers Could Look to Australia After Vale Disaster
This morning in metals news, buyers are turning to Australia after a dam breach at one of Vale’s Brazilian iron ore operations, U.S. Sen. Chuck Grassley (R-Iowa) said the Trump administration should lift its Section 232 tariffs before the United States-Mexico-Canada Agreement (USMCA) is ratified and U.S.-China trade talks are set to resume this week. […]
Week in Review: India’s Auto Sector, BHP Production Totals and Steel’s Slide
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? Request your two-month free trial of MetalMiner’s Outlook Stuart Burns on the gloomy start to the new year. The Indian government is optimistic about foreign […]
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 […]
This Morning in Metals: 2019 Could be a Record Year for Antofagasta
This morning in metals news, Chilean miner Antofagasta expects a bumper 2019, the reason why Elon Musk is using stainless steel to build a new SpaceX rocket and China is finding ways to avoid duties to get its stainless steel into India. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Antofagasta […]
This Morning in Metals: LME, SHFE Copper Prices Slide
This morning in metals news, copper slides, one business says it has been impacted by the Trump administration’s Section 232 steel tariff and a November train derailment had a major impact on miner BHP’s production totals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Slides The price of London […]