This morning in metals news, the U.S. Department of Commerce made affirmative determinations in two of three countervailing duty investigations regarding fabricated structural steel, Chinese copper smelters inked deals with Chile’s Antofagasta and India is investigating dumping claims vis-a-vis flat-rolled steel imports from 15 countries. Need buying strategies for steel? Request your two-month free trial […]
Tag: Copper
Copper MMI: Global Prices Make Modest Gains Amid Output Disruptions
The Copper Monthly Metals Index (MMI) rebounded to 74 following last month’s fairly sizable drop from 78 to 73 (hitting a 2019 index low). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices dropped by nearly $100/mt around the first of July after gaining strength in June, then […]
This Morning in Metals: Hebei Moves Up Capacity Cut Deadline
This morning in metals news, the Chinese steelmaking province of Hebei has moved up its target date for plant relocation and capacity cuts, miners in the Democratic Republic of the Congo are moving to copper as a result of dropping cobalt prices, and Chile’s copper exports fell in June. Need buying strategies for steel? Request […]
This Morning in Metals: Department of Commerce Announces Circumvention Rulings on Vietnamese Steel
This morning in metals news, the Department of Commerce made preliminary affirmative determinations with respect to imports of steel from Vietnam, iron ore is powering Australia’s trade surplus and copper slipped for the second straight session. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DOC Issues Circumvention Rulings The Department […]
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
ICSG: Global Copper Mine Production Falls 1.3% in Q1 2019
According to the International Copper Study Group’s (ICSG) most recently monthly report, global copper mine production dropped 1.3% in Q1 2019 compared with the same quarter the previous year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In addition, concentrate production fell 1% and solvent extraction-electrowinning fell 3.5%. Top copper […]
This Morning in Metals: Strike Ends at Coldelco’s Chuquicamata Copper Mine
This morning in metals news, a workers’ strike came to an end at top copper producer Codelco’s Chuquicamata mine in Chile, South Korean steelmakers Posco and Hyundai Steel are facing government shutdown orders at some locations over emissions, and the liquidated British Steel has attracted some interest before a June 30 bid deadline. Need buying […]
This Morning in Metals: Copper Flat Ahead of Trump-Xi Meeting
This morning in metals news, the copper price didn’t budge Thursday ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, Nucor announced a price hike for flat-rolled steel products, and automaker Tesla won a tariff exemption on aluminum imported from Japan. Need buying strategies for steel? Request your two-month […]
Strike at Chuquicamata Copper Mine Drives Prices Up — How Far Will They Go?
Copper appears to be caught in the crosswinds. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After months of steady declines from a peak of U.S. $6,600 per ton in April, the copper price had drifted down to well below $6,000 per ton on fears of what impact the ongoing […]
This Morning in Metals: Rio Tinto Downgrades Iron Ore Guidance
This morning in metals news, Rio Tinto downgraded its 2019 iron ore guidance, India is looking to combat Chinese steel imports with higher duties, and the copper price lost some gains late this week on the back of U.S.-Iran tensions and ahead of the G20 Summit in Japan. Need buying strategies for steel? Request your […]
