This morning in metals news, President Donald Trump escalated trade tensions by threatening to slap tariffs on essentially all Chinese imports, Nucor reported its Q2 and first-half earnings, and copper hits a one-year low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook On Another Level The back-and-forth of tariffs and threats […]
Tag: Copper
This Morning in Metals: China Hits Record Daily Steel Output in June
This morning in metals news, China hit a record vis-a-vis steel production, China responded to the U.S.’s threat of $200 billion in tariffs and copper continues its slide. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Record June China steelmakers put out a record amount of steel, on a daily […]
This Morning in Metals: China’s No. 1 Steel City Begins Five-Day Industry Cuts
This morning in metals, China’s biggest steel city has ordered five-day output curbs to tackle pollution, the deputy USTR criticized Indian retaliatory tariff measures and it was another down week for copper. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Tangshan Launches Cuts Ahead of Expected Smog China’s top steelmaking city, […]
This Morning in Metals: Trump Threatens China With Additional $200B in Tariffs
This morning in metals news, President Donald Trump threatened China with an additional $200 billion in tariffs, copper fell to a one-year low and Glencore released a statement regarding the subpoena it received from the U.S. Department of Justice in its corruption probe. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Copper MMI: LME Copper Prices Continue Downtrend
In July, the Copper Monthly Metals Index (MMI) fell by three points, falling to its lowest value since October 2017. The Copper MMI currently stands at 81 points. The decrease came as a result of falling LME copper prices as well as other elements that make up the Copper MMI. Need buying strategies for steel? […]
This Morning in Metals: E.U. Approves Provisional Measures to Limit Steel Imports
This morning in metals news, E.U. states have thrown their support behind measures to curb steel imports, Indian steel demand could double by 2025, and copper and zinc prices continue to drop. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Backs Steel Import Curbing Measures E.U. states voted to approve […]
This Morning in Metals: thyssenkrupp CEO Says Europe Must Protect Steel Industry From China
This morning in metals news, thyssenkrupp CEO Heinrich Hiesinger said European lawmakers need to protect the steel industry from China, copper plummets to a seven-month low and President Donald Trump responded to a European threat of retaliatory tariffs (in response to potential U.S. tariffs on auto imports). Need buying strategies for steel? Try two free […]
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 […]
This Morning in Metals: U.S. Announces Steel Tariff Product Exclusions
This morning in metals news, the U.S. released the first round of exclusion request responses vis-a-vis the Section 232 steel tariff, copper bounces back and ThyssenKrupp looks to form a joint venture in China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Exclusion Time The U.S. Department of Commerce announced Wednesday […]
Copper Has Had a Good Run — But Where Does it Go From Here?
Copper has been on a good run, you say? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook It has been drifting down for much of the first quarter and it has only been the scare of a strike at Escondida that has returned prices to levels last seen at the start […]