This morning in metals, U.S. Trade Representative (USTR) Robert Lighthizer said Canada is a national security threat with respect to steel, the U.S. posted 4.1% GDP growth in Q2 and The Coca-Cola Company says it is raising prices on account of the Trump administration’s 10% aluminum tariff. Need buying strategies for steel? Try two free […]
Tag: Aluminum
U.S. Consultations Fizzle With India, Others Over Metals Tariffs
Ultimately, it went along expected lines. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India and a handful of other nations held trade dispute settlement consultations with the United States over its steel and aluminum tariffs in Geneva, but got absolutely no concession from the latter, according to reports coming out […]
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 […]
LME Aluminum Price May Appear to be in Bear Territory … But Not Yet
Falling aluminum prices over the last month have given rise to some asking if aluminum is now on a prolonged downward trend. Tempting as it is to look at day-to-day movements, a more holistic analysis suggests otherwise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook As a recent Reuters article suggests, […]
Alcoa Posts Strong Q2 But Dampens Outlook for Rest of the Year
Aluminum firm Alcoa Corporation reported its second-quarter earnings Wednesday, with some numbers showing the impact of current market trends and forces. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The Pittsburgh-based firm reported $3.6 billion in Q2 revenue and $904 in adjusted earnings before interest, tax, depreciation and amortization (EBITDA). The firm’s Q2 EBITDA marked […]
India, U.S. Set to Meet Over Metals Tariffs This Week
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminum. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The […]
The July MMI Report: Metals Markets Post a Down Month as Trade Tensions Rise
It was another busy month in the world of metals. Then again, these days quiet months in metals or in trade, generally, are few and far between. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Trade tensions continued to rise, as $34 billion in tariffs on Chinese goods went into effect […]
Aluminum MMI: LME Aluminum Drops, Midwest Premium at Four-Year High
The July Aluminum Monthly Metals Index (MMI) fell six points, falling to April 2018 levels. The Aluminum MMI now stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in June and have continued to slide so far in July. However, the rate of the declines has […]
This Morning in Metals: Sanjeev Gupta Reopens Steelworks in South Carolina
This morning in metals news, Sanjeev Gupta reopened his GFG Industrial Group’s steelworks in South Carolina in an effort to beat the U.S. steel tariff, the steel tariff could lead to the loss of jobs at a Missouri nail production plant and Harley-Davidson feels the sting of the E.U.’s counter-tariffs. Need buying strategies for steel? […]
Aluminum Tariffs Results Are a Mixed Bag for U.S. So Far
If the aim of President Trump’s 10% import tariff on aluminum was to impact China or to encourage the reshoring of primary aluminum production into the U.S., it has, at least so far, been at best only a partial success. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Just last month, […]
