This morning in metals news, U.S. Steel reported its Q2 earnings, Century Aluminum also posted its Q2 earnings and China is preparing $60 billion in retaliatory tariffs against the U.S. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Steel Posts Strong Q2, But Stock Drops U.S. Steel reported better-than-expected Q2 […]
Tag: China
This Morning in Metals: USTR to Consider Tariff Rate Bump on $200B China Import List
This morning in metals, United States Trade Representative Robert Lighthizer released a statement regarding the news of a potential increase in the tariff rate on the previously proposed list of $200 billion worth in Chinese goods, China responds and Secretary of Commerce downplays the potential impact of the tariffs. Need buying strategies for steel? Try […]
This Morning in Metals: U.S. Could Increase Tariff Level on Proposed $200B List of Chinese Imports
This morning in metals news, media reports indicate President Donald Trump could up the ante regarding a previously announced $200 billion tariff proposal, ArcelorMittal announced strong second-quarter financial numbers and Mexican officials are optimistic about reaching a deal on a renegotiated North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free […]
Aleris Finds a Buyer in India After Failing to Find an Acquirer in China
China Zhongwang Holdings failed to close a deal to buy Aleris last year after concerns were raised about the national security and corporate responsibility track record of the Chinese group. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Not that we think of Novelis as Indian, but they are. Since 2007, the ex-Alcan […]
The Disconnect Between Iron Ore and Finished Steel Prices in China
We had a little mythbusting discussion the other day here at MetalMiner®, including, among other examples, that tracking raw material inputs is no predictor of finished product prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Take, for example, iron ore. Prices fell this spring and have been bouncing around either […]
Freeport-McMoRan Reports Q2 Net Income Jump As Copper Price Continues to Fall
Miner Freeport-McMoRan Inc., the world’s largest publicly traded copper producer, announced its second-quarter earnings Wednesday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The miner reported Q2 net income attributable to common stock of $869 million and $1.6 billion for the first six months of the calendar year. The figures compare with […]
Australia is the Bellwether of China’s Economic Growth (Not Copper)
Stock markets in the West react to peaks and troughs on the Shanghai stock market as if the market were a true indicator of the health of the Chinese economy. Shanghai has been down since talk of sanctions has spooked markets in China, Europe and the U.S. Need buying strategies for steel in 2018? MetalMiner’s […]
This Morning in Metals: Chinese Aluminum Foil Maker Sues Over U.S. Duties
This morning in metals news, a Chinese company that makes aluminum foil is suing the U.S. over anti-dumping and countervailing duties imposed on the product, Japan is concerned about a rise in Chinese steel exports and President Trump throws another supporting tweet behind his tariffs. Need buying strategies for steel? Try two free months of […]
This Morning in Metals: China Launches Anti-Dumping Probe of Stainless Steel Imports
This morning in metals news, China initiated an anti-dumping probe of stainless steel imports worth a total of $1.3 billion, LME copper held above its one-year low Monday and President Trump will visit the Granite City steelworks in Southern Illinois this Thursday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook China […]
Week in Review: Auto Hearings, Wind Energy, Cobalt and a Uranium Investigation
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner®: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India sought consultations with the U.S. over its steel and aluminum tariffs. The Department of Commerce launched anti-dumping […]
