India’s aluminum sector finds itself in a state of flux. Secondary aluminum makers in India are not upset by the import levies announced by U.S. President Donald Trump, but have expressed concern at the inverted duty structure perpetuated by the Indian government itself. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the […]
Tag: Aluminum
Tariffs Lift Prices But Capacity Utilization Remains an Issue
Even if U.S. steelmakers have been slow to add capacity following President Trump’s tariff protection, it would seem foreign steel makers are willing to commit to domestic U.S. production. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Financial Times this week reported on the announcement by BlueScope Steel, Australia’s biggest […]
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 […]
Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch
The spike in aluminum prices this quarter, caused by the initial announcement of sanctions on Oleg Deripaska and his investments, is an issue anyone in the aluminum sector will be only too well aware of. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Prices spiked in days and were associated with a number […]
This Morning in Metals: U.S. Steel Mills See 3.2% Jump in Shipments
This morning in metals news, U.S. steel mills shipped 3.2% more steel in June 2018 than in June 2017, President Donald Trump announced the doubling of steel and aluminum tariff rates against Turkey, and Ford is feeling the effects of rising metals prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Aluminum MMI: LME Prices Fall Toward Support Level
The August Aluminum Monthly Metals Index (MMI) fell two points last month. The current Aluminum MMI index now stands at 93 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in July. However, the rate of the declines has slowed. Price changes do not appear to be sharp and […]
This Morning in Metals: 71% of Business Owners Support Additional China Tariffs, Poll Says
This morning in metals news, a recent poll indicates broad support within the U.S. business community for new tariffs on China, Novelis reported its quarterly earnings and Alcoa seeks an exemption from the Trump administration’s aluminum tariff. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Support for Tariffs Much has been said about […]
Automotive MMI: Fiat Chrysler Sales Up in Overall Down Month For Automakers
The Automotive Monthly Metals Index (MMI) retraced four points, hitting 99 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales July was a down month for Ford, which saw its U.S. sales drop 3.1%. Ford car sales were down 27.7% year over year, and 15.7% in […]
Construction MMI: June Spending Falls 1.1% From Previous Month
The Construction Monthly Metals Index (MMI) lost three points this month, hitting 90 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending, Employment According to U.S. Census Bureau data, U.S. construction spending in June fell 1.1% from the previous month. Spending in June hit $1,317.2 billion, […]
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 […]
