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 […]
Tag: imports
U.S. Steel Imports Fall 12% in Year to Date; Import Market Share Drops to 19%
Through the first five months of 2019, U.S. steel imports were down 12% compared with the equivalent period in 2018, the American Iron and Steel Institute (AISI) reported Tuesday. According to AISI — citing Census Bureau data — the U.S. imported 2.06 million net tons of steel in May 2019, which marked a 38.2% decrease […]
This Morning in Metals: Copper Price Slide Continues
This morning in metals news, the LME copper price continued its tumble this week, U.S. imports from countries like Vietnam have increased and the June 10 Mexico tariff deadline draws near. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Down for Eighth Straight Week The copper price is set […]
This Morning in Metals: Iron Ore Price’s Rise Slows
This morning in metals news, the iron ore price slipped Thursday, the Indian steel import market is dominated by Japan and South Korea, and trade tensions between the U.S. and China continue to gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Slows Down Supported by supply-side concerns, […]
EUROFER: Imports, Slower Growth, Raw Material Costs Form ‘Perfect Storm’
It’s been a busy and somewhat bumpy year for Europe’s steel sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The E.U. approved steel safeguards in January that would extend to 2021 at the latest, an effort by the bloc to mitigate the impact of steel supplies diverted as a […]
Will a Weakening Yuan Result in Rising CRC Steel Imports from China?
In recent weeks, the Chinese yuan (CNY) has weakened against the U.S. dollar (USD). A weaker yuan makes imports cheaper, all other things holding equal. As we can see in this chart, during the past couple of weeks the yuan weakened back to roughly December levels. Will this currency change result in surging steel imports […]
This Morning in Metals: Aluminum Association Says Quotas are ‘Bad Deal’ for American Workers
This morning in metals news, the Aluminum Association released a report panning aluminum import quotas, Republican senators urged President Donald Trump not to impose tariffs on imported automobiles and U.S. automotive sector layoffs in 2019 have surged. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Association Comes in Against […]
Indian Government Eyes Trade Action on Imported Stainless Steel
Already labeled a protectionist regime, the Indian government recently issued notice to the World Trade Organization (WTO) of its intent to bring more stainless steel items under quality control, The Hindu Business Line reported. The move has Indian importers of stainless steel worried. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what […]
This Morning in Metals: China’s March Iron Ore Imports Rise
This morning in metals news, iron ore shipments into China picked up in March after February’s 10-month low, India’s top court blocked ArcelorMittal’s attempt to buy the bankrupt Essar Steel and the E.U. opened the door to formal trade negotiations with the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: LME Steel Contract Launch Could be Delayed
This morning in metals news, Reuters reports the launch of the London Metal Exchange’s planned steel contract will likely be pushed back to 2020, China’s average daily steel output in January and February increased, and India’s imports of iron ore were up 157% during the April-December 2018 period. Need buying strategies for steel? Request your […]
