Numerous factors weigh heavily on the base metals and commodity complex: the Chinese copper scrap ban, the Section 232 proclamation on aluminum and steel combined with country-specific exemptions set to expire on May 1, the Section 301 investigation, and multiple strikes at copper and nickel mines to boot. After the turmoil of the first few […]
Tag: Zinc
This Morning in Metals: Thyssenkrupp, Tata Delay Signing Joint Venture Pending Labor Talks
This morning in metals news, big firms Thyssenkrupp and Tata Steel are delaying the signing of a previously agreed to joint venture for their European operations, Chinese steel is retracing and LME zinc has hit a four-month low. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Thyssenkrupp, Tata Delay Inking Deal […]
Have Zinc Prices Already Peaked?
This month, zinc prices started to trade lower, returning to the $3,200 level. This activity represents the first short-term price pullback we’ve seen in zinc prices since June 2017, when prices started their latest rally. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But going back even further, the zinc price […]
This Morning in Metals: Nucor CEO Says Tariffs Treat Other Countries ‘How They Treat Us’
This morning in metals news, Nucor CEO John Ferriola weighed in on President Trump’s tariffs proposal, embattled Kobe Steel admits that its data fraud traces back more than five decades and Shanghai zinc has a tough day. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook ‘How They Treat Us’ As the world waits […]
This Morning in Metals: U.S. Raw Steel Production Picked Up
This morning in metals news, domestic raw steel production for the week ending Feb. 24 was up slightly from the same week last year, Shanghai copper prices drop and Japan’s steel exports rose 24.1% in January. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Raw Steel Production Up 0.7% Year Over […]
This Morning in Metals News: Nickel, Zinc Hit More Than 1-Week Lows
This morning in metals, zinc and nickel dropped to their lowest prices in over a week, another country hints at retaliation vis-a-vis potential U.S. Section 232 tariffs and Chinese steel mills are looking to increase output before future cuts take hold. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Nickel, Zinc […]
This Morning in Metals: Chinese Scrap Steel Exports Jump in 2017
This morning in metals news, China’s scrap steel exports surged last year, two popular American non-metal products could be affected by steel and aluminum tariffs, and a miner of gold and silver looks to get into copper and zinc. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Scrap Steel Exports […]
This Morning in Metals: NAFTA Talks Continue as U.S. Seeks ‘Breakthroughs’
This morning in metals news, the U.S. team looks for “breakthroughs” in the renegotiation of the North American Free Trade Agreement (NAFTA), more than 25,000 British Steel pension members did not respond to a consultation about the future of their pension pots and zinc hits a 10 1/2-year high on supply concerns. Need buying strategies […]
Zinc Has Been the Best-Performing LME Metal of Late — Can it Go Up Further?
Three-month zinc on the London Metal Exchange was up 1.3% at $3,426 a metric ton in official midday trading on Monday, having earlier touched a peak of $3,440 a ton — its highest since August 2007, Reuters reports. Lower your zinc spend – Take a free trial of MetalMiner’s Monthly Outlook! Like all base metals, […]
This Morning in Metals: U.S. Raw Steel Closes 2017 with 1.63M NT Output
This morning in metals news, U.S. raw steel production for the final week of 2017 hit 1.63 million net tons, some Indian steel companies are upset about a hike in iron ore prices and zinc hits a 10-year high. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up Raw […]
