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, […]
Tag: Aluminum
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, […]
Commerce Secretary Ross Testifies on Trade Actions Before Senate Finance Committee
Rising trade tensions are all the talk these days, stemming from an increasingly complicated web of tariffs, counter-tariffs and World Trade Organization (WTO) disputes, not to mention the ongoing talks surrounding renegotiation of the 24-year-old North American Free Trade Agreement (NAFTA). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On Wednesday, […]
This Morning in Metals: JSW Steel USA Announces 1,000 New Jobs
This morning in metals news, JSW Steel USA announces it will add 1,000 jobs, India announces retaliatory tariffs in response to the U.S. steel tariff and aluminum tariffs, and the copper price fell for a second straight week. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook JSW Announces New Jobs JSW […]
E.U. Responds to U.S. Tariffs With Duties on Products Worth €2.8B
The European Union announced Wednesday that it will impose duties on a list of U.S. products, worth approximately €2.8 billion, in response to the U.S.’s steel and aluminum tariffs. The 25% duty will go into effect Friday, June 22. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The U.S.’s 25% duty on […]