This morning in metals news: Ontario Premier Doug Ford said the U.S. may follow up its reinstatement of aluminum tariffs with tariffs on Canadian steel; utility-scale battery storage continues to become more prevalent; and China imported a record amount of iron ore in July. We’re offering timely emails with exclusive analyst commentary and some best […]
Tag: Iron Ore
This Morning in Metals: E.U. extends anti-dumping duties on Chinese stainless
This morning in metals news: the European Commission on Wednesday extend anti-dumping duties on stainless steel from China; miner Glencore released its half-year report; and Brazil is trying to meet China’s surging iron ore demand. For more news and notes from the world of metals, make sure to subscribe to the free MetalMiner e-newsletter, Gunpowder.
Iron ore is being undermined by slowing steel demand
A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market.
This Morning in Metals: Toyota to source electrical steel sheet from Baowu
This morning in metals news: Toyota will reportedly source electrical steel sheet from China’s Baowu Steel; Nevada Copper is requesting a financial hardship exemption; and iron ore continues to soar.
This Morning in Metals: U.S. steel capacity utilization rises to 57.5%
This morning in metals news: the U.S. steel sector’s capacity utilization rate ticked up this past week; a steel processing company plans to open a new facility in Kentucky on Nucor’s campus; and China’s demand for iron ore from Australia has persisted, despite trade tensions between the two countries.
This Morning in Metals: U.S. Steel to restart blast furnace at Gary Works
This morning in metals news: amid improving demand, U.S. Steel plans to restart a blast furnace at its Gary Works; the United States-Mexico-Canada Agreement (USMCA) went into effect today; and China could be aiming to diversify its iron ore supply portfolio.
Chinese construction steel prices dip amid cluster of new coronavirus cases
As much as China would have the rest of the world believe it has the coronavirus beat, both the authorities and the economy are acutely sensitive to the possibility of a resurgence.
This Morning in Metals: U.S. petroleum demand falls 13% from February to March
This morning in metals news, U.S. petroleum demand took a hit on the heels of the coronavirus outbreak, the Carbon Trust is lobbying for clearer common standards for what can be called “green” aluminum and Australia’s iron ore sector could be set to receive a boost.
This Morning in Metals: U.S. goods and services trade deficit hits $49.4B in April
This morning in metals news, the U.S.’s trade deficit in goods and services rose in April, the China Iron and Steel Association expects Vale to ramp up iron ore exports to China this year and General Motors CEO Mary Barra expects the automaker’s production levels to return to nearly pre-coronavirus levels by the end of June.
This Morning in Metals: Copper demand to fall 5.4% this year, IWCC says
This morning in metals news, copper demand is set to take a fall this year, iron ore prices are getting a boost and the Pilbara Ports Authority announced new risk-assessment measures.
