With the February 2019 Monthly Metals Index (MMI) report, we can officially move past 2018 and begin to take a look at the world of metals thus far in the new year. On the trade front, trade officials from the U.S. and China met in January for renewed talks on the ongoing trade standoff between the economic […]
Tag: Aluminum
Aluminum is in Deficit, but Prices Don’t Reflect Any Shortage
The aluminum price has been fluctuating between around $50/ton above and below a median of $1,900 for several months now. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There is considerable uncertainty as to where it is going to go in 2019, yet some commentators, such as ING Bank, are […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]
Winners and Losers in the Wake of the U.S., Canada’s Dueling Metals Tariffs
A recent article by CBC in Canada highlights the mess that has resulted from the imposition of steel and aluminum tariffs between the U.S. and Canada. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It is fair to say the same mess is almost certainly prevailing on the U.S. side […]
This Morning in Metals: Alcoa Reports 4Q, Full-Year 2018 Results
This morning in metals news, aluminum producer Alcoa Corporation reported its fourth-quarter and full-year 2018 results, India is considering a higher iron ore import duty and Shanghai steel futures moved up. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa Reports 4Q Earnings Pittsburgh-based aluminum producer Alcoa Corporation reported its […]
Senate Resolution to Block Easing of Russia Sanctions Falls Short
A resolution that sought to reverse the Trump administration’s decision to ease sanctions on Russian companies — including aluminum heavyweight United Company Rusal — failed to pass this week, coming in at a 57-42 vote (just short of the 60 votes needed to pass). Need buying strategies for steel? Request your two-month free trial of […]
Mid-January Review: DBB Struggles to Recover Momentum
Base metals traded higher at the beginning of January. However, momentum appears to be weaker once again. The DBB index has shown weakness since June 2018, when it started this short-term downtrend. MetalMiner has recently revised its market outlook, advising buying organizations to closely follow how the index develops. Need buying strategies for steel? Request […]
The January MMI Report: Metals Slump to Close Action-Packed 2018
With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was a book that closed with a pessimistic chapter for […]
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 […]