This morning in metals news, Chinese steel prices are not running in the same direction as the Chinese stock market, copper hit a two-week high and automaker shares were up on yesterday’s NAFTA news. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel Surging The Chinese stock market has been […]
Tag: China
This Morning in Metals: U.S., Mexico Reportedly Reach Preliminary NAFTA Deal
This morning in metals news, the U.S. and Mexico reportedly reached a deal on the North American Free Trade Agreement (NAFTA), China’s Baosteel posted a surge in first-half profits and Japan’s steel output dropped unexpectedly in July. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook NAFTA Deal According to media reports, the U.S. […]
Commodities Face China Headwinds Amid Slowing Consumption
How often have you seen headlines like “Copper rises on strong Chinese growth” and China’s industrial profits rise the most in four years on commodity prices“? Apparently, a mutually supportive cycle of strong growth fuels rising commodity prices, and rising prices fuels strong growth. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
This Morning in Metals: Mexican Steel Industry to Visit Washington to Talk Quotas
This morning in metals news, the Mexican steel industry has been invited to visit Washington to talk about the possibility of a steel quota (instead of the the 25% tariff), Tata Steel’s UK arm has posted losses this past year and China says trade talks this week were “constructive and candid.” Need buying strategies for […]
This Morning in Metals: Next Round of U.S. Tariffs on China Set to Go Into Effect
This morning in metals news, $16 billion in tariffs on imports of Chinese goods will go into effect tomorrow, optimism from the Mexican side is high with respect to a NAFTA deal and steel demand in India is pushing the global total toward a new record. Need buying strategies for steel? Try two free months […]
This Morning in Metals: U.S. Steel Announces $750M Investment in Gary Plant
This morning in metals, U.S. Steel announced a large investment at its flagship steel plant, the U.S. and China will resume talks on trade, and copper is set to finish the week with its biggest weekly loss since early July. U.S. Steel Announces $750M Investment U.S. Steel announced it plans to invest $750 million in […]
This Morning in Metals: Domestic Raw Steel Production Up 5% Year Over Year
This morning in metals news, domestic raw steel production for the week ending Aug. 11 jumped 5% compared with the same week last year, the U.S. has raked in more than $1.4 billion from its steel and aluminum tariffs, and China’s aluminum production surged in July. Need buying strategies for steel? Try two free months […]
This Morning in Metals: China Responds to U.S. with $16B in Tariffs
This morning in metals news, China responds to the U.S.’s $16 billion in tariffs with the same amount in return, China’s additional announced $60 billion tariff threat could have a significant impact on the liquefied natural gas sector and copper traded flat yesterday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
This Morning in Metals: USTR Moves Forward With $16B in Tariffs
This morning in metals news, the Office of the United States Trade Representative announced it will move forward with $16 billion in tariffs on Chinese imports (out of an initially announced total of $50 billion in tariffs), Chile posted solid copper exports in July and U.S. raw steel production data is in for the week […]
Rare Earths MMI: Rare Earths Appear on Trump Administration’s Proposed $200B Tariff List
The Rare Earths Monthly Metals Index (MMI) fell one point for an August reading of 18. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rare Earths and Trade Tensions Much has been said about the rise of trade tensions around the world, particularly between the U.S. and China. Those tensions began to manifest […]
