The Chicago chapter of the Association of Women in the Metal Industries (AWMI) hosted its January event featuring a market outlook presentation from Ping Liang, the Market Intelligence Manager at Nucor. Liang discussed Nucor’s 2025 steel market outlook, highlighting both the strength of the U.S. economy in years past and a forecast of what is to […]
Tag: Aluminum
Are Trump’s Tariffs Causing a Global Metal Market Earthquake?
The so-called “Trump Tariffs” have shaken things up for metal traders worldwide. At least three countries in the Asia Pacific region will see significant impacts from U.S. President Donald Trump’s 25% tariff imposition on steel and aluminum. In addition to increasing the rate to 25% from the previous 10%, President Trump also removed exemptions and […]
Aluminum MMI: Aluminum Prices Stable, Premiums Bullish Amid Tariff Threats
The Aluminum Monthly Metals Index (MMI) continued to move sideways, with a modest 1.11% rise from January to February. In the face ongoing tariff threats, LME aluminum prices remained consolidated while the Midwest Premium surged. Tariffs Add Chaos to the Aluminum Market Since President Trump’s term started, the aluminum market has been squarely in the […]
Trump’s Tariffs: EU Warns of ‘Firm and Proportionate’ Counterstrike
European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond […]
Construction MMI: Tariff Talk: What Should the Construction Industry Expect?
The Construction MMI (Monthly Metals Index) held its sideways trend, budging down a slight 1.35%. Meanwhile, the U.S. construction industry faces a complex landscape shaped by recent policy changes, Trump tariffs and other economic factors. Tariffs and Their Effect on Construction Materials Steel remains a fundamental component of modern construction, playing a crucial role in […]
Aluminum’s Paradox: Prices Hold Strong Despite Global Economic Slump
GDP growth in China and the United States, the world’s two largest aluminum consumers, has slowed for months. Meanwhile, Europe and Japan continued to struggle with stagnant growth for much of 2024. Though still fluctuating within a range, aluminum prices have pushed toward the top in recent weeks. For this reason, many consumers continue to […]
Aluminum Divide: Experts Clash Over EU’s Proposed Sanctions on Russian Metal
For now, the aluminum sector seems divided on the impact that a proposed new ban on Russian aluminum exports by the European Commission may have on the global supply chain. It is an important question, especially as aluminum prices remain locked in a sideways trend. However, price did experience a slight upsurge at the news. […]
Aluminum MMI: Aluminum Prices Sideways, Guinea Secures Alumina Investments
The Aluminum Monthly Metals Index (MMI) remained consolidated, falling by a modest 1.29% from December to January. Meanwhile, LME aluminum prices continued to trend sideways during the first half of January. Aluminum Prices Sideways, Midwest Premium Futures Up The aluminum market remained uncertain during the first few weeks of the new year. Less than a […]
Aluminum MMI: End of China Rebates, Alumina Supply Support Aluminum Prices
The Aluminum Monthly Metals Index (MMI) edged lower, with a 1.23% decline from November to December. Aluminum Prices: A Year in Review 2024 began on a low note for the aluminum market, as Q4 2023 witnessed a year-over-year drop in shipments as well as average selling prices for certain domestic suppliers. In its financial results, […]
Construction MMI: China’s Export Tax Rebate Reverberates on U.S. Construction Market
The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal reaction to recent interest rate drops. The Fed will likely need to drop interest rates more aggressively for the construction index to display any […]
