The Indian government has initiated an inquiry into an allegation of dumping of aluminum and zinc-coated flat steel products from China, the Republic of Korea and Vietnam. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The probe will cover the October 2017-September 2018 period, but data from 2015 will also be looked at […]
Tag: China
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 […]
This Morning in Metals: China’s March Iron Ore Imports Rise
This morning in metals news, iron ore shipments into China picked up in March after February’s 10-month low, India’s top court blocked ArcelorMittal’s attempt to buy the bankrupt Essar Steel and the E.U. opened the door to formal trade negotiations with the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: IMF Ups its 2019 Growth Forecast for China
This morning in metals news, the International Monetary Fund (IMF) released a slightly more positive 2019 growth forecast for China, a fire led to damages at one of Rio Tinto’s Pilbara iron ore operations, and Polish copper producer KGHM said it may freeze operations in Canada and the U.S. Need buying strategies for steel? Request your […]
Rare Earths MMI: Lynas Considers Australia Processing Plant Amid Regulatory Pressure in Malaysia
The Rare Earths Monthly Metals Index (MMI) picked up one point, rising to a value of 19. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need Lynas Considers Initial Ore Processing at Home Amid Pressure in Malaysia Australian rare-earths miner Lynas Corp., as we’ve noted in previous Rare Earths MMI reports, […]
Automakers Face Headwinds in Rapidly Changing Automotive Marketplace
We are used to dire stories emanating from the automotive industry in Europe of late. The swing from diesel engines has hit European producers hard, as the region had been heavily biased toward the economical but historically carbon particulate polluting oil burners. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: Chinese Steelmaking Cities to Extend Production Cuts
This morning in metals news, two major Chinese steelmaking cities will have to extend their winter output curbs, Russian aluminum maker Rusal has once again started shipping aluminum supplies to the U.S. market and iron ore on the Dalian Commodity Exchange surged to a seven-week high. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Mnuchin Calls Latest Round of China Trade Talks ‘Constructive’
This morning in metals news, U.S. Treasury Secretary Steven Mnuchin tweeted Friday that this week’s round of trade talks with China were “constructive,” LME copper is on its way for its first quarterly gain since the end of 2017 and China’s imports of copper are forecast to dip this year. Need buying strategies for steel? […]
Global Crude Steel Production Rises 4.1% Year Over Year in February
Global crude steel production increased 4.1% in February compared with February 2018 production, according to the World Steel Association’s monthly production report. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Production Growth Continues Global production hit 137.3 million tons in February, down from 150.3 million tons in January. […]
ICSG: Global Copper Deficit Estimated at 390K Tons in 2018
The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase […]
