The International Maritime Organization’s (IMO) Jan. 1, 2020 deadline for shipping companies to use low-sulfur (0.5% max) fuel has been on and off in the news for months, but without much interest from those outside the industry or the environmental organizations that lobbied for its introduction. Need buying strategies for steel? Request your two-month free […]
Category: Supply & Demand
U.S. Housing Starts Dip Again in March
After a chilly February for U.S. housing starts, starts were down again in March. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to a monthly report released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, privately owned housing starts in March were at […]
World Steel Association: Global Crude Steel Production Rises 4.9% in March
The World Steel Association released its March global crude steel production report, detailing global crude steel production rose 4.9% year over year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook March 2019 production reached 155.0 million tons. For the first three months of the year, production reached 444.1 million tons, […]
OPEC, U.S. Shale Output at Odds as World Faces Tighter Oil Market
What a difference a month makes in commodity markets. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Just a month back, we reviewed the delicate balance OPEC was facing in trying to drive prices higher without having to make further cuts in output. It seemed every time they squeezed the […]
This Morning in Metals: China’s Steel Production Shows No Signs of Slowing
This morning in metals news, China’s steel sector continues to churn out more and more steel, copper prices soared to a nine-month high, and the oil price surged on falling U.S. stockpiles. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Steel Production Despite a program of winter production curbs, […]
This Morning in Metals: Shanghai Rebar Hits 7 1/2-Year High
This morning in metals news, the price of SHFE rebar continued its rise Tuesday, the Aluminum Association released its first new material registration record in almost two decades and Brazilian steelmakers are struggling with an iron ore shortage. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Rebar Rises The […]
Could Spot Iron Ore be on Track for $100/Ton?
According to Reuters, spot 62% grade iron ore for delivery to China recently rose 1.6% to $93 per metric ton and the most-traded May 2019 iron ore contract on the Dalian Commodity Exchange soared as much as 4.1% to 710.5 yuan ($106) per ton — the highest for the Asian benchmark since 2013. Need buying […]
Sumitomo Metal Mining Co., Ltd. Releases 2019 Production Guidance
Japan’s Sumitomo Metal Mining Co., Ltd., the second-largest producer of copper in Japan unveiled its fiscal year 2019 production guidance on Monday (for the year beginning this month). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The company guidance calls for production of 420,000 tons of electrolytic copper. That total […]
Week in Review: Brexit Saga Continues, a Section 232 Challenge and Steel Imports
Before we head into the weekend, let’s take a look 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 The prospect of a no-deal Brexit is inching closer and closer to reality. India’s steelmakers are facing an […]
Oil Price Sits in a Precarious Temporary State of Balance After Strong Rises
Oil prices have rallied this quarter, with Brent crude hitting a peak of U.S. $67.50/barrel, according to oil-price.com. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Goldman Sachs is quoted in a note to investors as saying the resilient demand growth and supply outages could push prices up to U.S. […]
