With all this talk of trade wars and weakness, both on the Shanghai stock market and in the Chinese currency, you would expect that steel production in China would be heading south fast. In actual fact, steel mills continue to churn out product at near-record levels and imports of iron ore remain robust. Need buying […]
Tag: China
A Novel Approach to Predicting Price Direction
Price forecasters are always looking out for apparently unrelated factors that correlate to the price movement they are tracking. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sometimes the relationship seems bizarre. At first sight, a link between oil prices and aluminum prices appears tenuous until you consider that the […]
U.S.-China Trade Talks at G20 Thaw Icy Relations, For Now
It’s good to talk — or so the oft-quoted phrase used in the mobile phone ads would have us believe. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook And so it would seem from the market’s reaction to two meetings over the weekend. The first was a temporary truce in […]
This Morning in Metals: Trump, Xi Reach Agreement to Press Pause on New Tariffs
This morning in metals news, President Donald Trump and President Xi Jinping reached an agreement that at least temporarily puts a cap on the escalation of trade tensions, Chinese steel and iron ore prices rose on the news, and Chinese copper premiums hit an 18-month low. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Norsk Hydro Says Aluminum Demand to Rise 2-3% in 2019
This morning in metals news, Norsk Hydro sees global aluminum demand picking up 2-3% next year, the Office of the United States Trade Representative (USTR) released a statement on China’s automotive tariffs and Steel Dynamics shares bounced back from a 14-month low. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: Chinese Iron Ore Drops to 4 1/2-Month Low
This morning in metals news, Chinese iron ore has hit a 4 1/2-month low, the zinc price fell for a fourth straight session and tariff waiver requests have been granted for a great number of metals from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Iron Ore Continues […]
China’s Steel Industry Consolidation Takes Another Step Forward
Not before time, China’s steel industry is making some progress towards consolidation. Although both sides deny talks are taking place, a Reuters article details information received from various sources that suggests state-owned China Baowu Steel Group is in talks to take over rival local Anhui province government-controlled Magang Group. Need buying strategies for steel? Request […]
This Morning in Metals: Senators Request Review of Tariff Waiver Process
This morning in metals news, U.S. senators are asking for an independent review of the Trump administration’s Section 232 tariff waiver process, LME copper is down for the third straight day and Chinese steel mills are preparing for difficult times ahead. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Another […]
In Section 301 Update, USTR Says China Hasn’t ‘Fundamentally Altered’ Unfair Trade Practices
The Office of the United States Trade Representative (USTR) released an update on its Section 301 investigation into China last week, an update — titled “Update Concerning China’s Acts, Policies and Practices Related to Technology Transfer, Intellectual Property, And Innovation” — which followed the same theme as previous reports. That theme? China has made some […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
