This morning in metals news, U.S. steel mills’ capacity utilization rate inched up this past week, India’s steel sector looks to the government for protection from diverted steel, and the Office of the United States Representative (USTR) released its annual report on the WTO compliance of China and Russia. Need buying strategies for steel? Request […]
Tag: China
A Look at China’s Slowing Economic Growth Vis-a-Vis the Metals Market
China is one of the most-watched economies in the world because its health ties in heavily with overall global economic growth. Further, there is a strong correlation between the Chinese economy as an industrial metals demand generator and the primary metals market outlook. MetalMiner has always followed some Chinese indicators in order to completely understand […]
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. […]
China Reports Slowing Growth, but by How Much?
The New York Times reports this week that China’s economy continues to gently slow its pace of growth. For the last three months of 2018, growth came in at 6.4% compared with a year earlier, the paper said, its slowest pace since a decade ago. For the full year, the Chinese economy grew at 6.6% […]
This Morning in Metals: China’s Daily Crude Steel Output Fell in December
This morning in metals news, China’s daily crude steel output slipped in December, miner Rio Tinto reported its fourth-quarter production results and Luxembourg-based Tenaris purchased a large stake in the Saudi Steel Pipe Company. Steel Output Slides China’s daily steel output for December fell to its lowest level since March, according to Reuters. Need buying […]
This Morning in Metals: Chinese Iron Ore Futures Surge
This morning in metals news, Chinese iron ore futures hit their highest price point in 10 months, Turkey’s steel sector takes another hit, and copper and zinc hit their 2019 highs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Rises Is optimism building vis-a-vis a potential resolution to […]
This Morning in Metals: China’s December Exports to the U.S. Fall
This morning in metals news, exports from China to the U.S. took a dive in December, India will drive global steel demand in the coming years and Serbia has requested an exemption from the E.U.’s imminent quotas on steel imports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook December Exports […]
This Morning in Metals: China Looks to Improve Steel Capacity Structure
This morning in metals news, China is eyeing improvements to its steel capacity structure, China’s 2018 aluminum exports surged and Shanghai rebar futures hit a two-month high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Structure According to Reuters, China is looking to shift the focus of its […]
This Morning in Metals: U.S. Steel Mills’ November Shipments Up 5.6% Year Over Year
This morning in metals news, U.S. steel shipments in November surged on a year-over-year basis, the next chief of Nippon Steel and Sumitomo Metals Corp. hopes to make the company the world’s No. 1 producer and U.S.-China trade talks could formally continue later this month. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Copper Prices Make Gains as Dollar Weakens
This morning in metals news, copper prices are buoyed by a softening U.S. dollar, Dalian iron ore drops and trade ministers from the U.S., Japan and the European Union met in Washington, D.C. yesterday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Prices Rise The price of copper has […]
