Platinum has had a decent year from a price perspective. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Not as strong as palladium, by any means. But despite the travails of the global automotive market, tighter emissions standards have helped demand. But now price support has […]
Tag: L1
Raw Steels MMI: Steel price increases boost the index
The Raw Steels Monthly Metals Index (MMI) showed some strength this month with a three-point increase, rising to 69 from 66 last month. U.S. steel prices rebounded in November when recent mill prices increases took effect. Once again, plate price increases have lagged behind the other forms, (similar to July, when plate prices failed to […]
Finally, Saudi Aramco’s IPO happens — to more of a damp squib than fanfare
After much delay and considerable uncertainty, Saudi Aramco finally got its IPO away, albeit only on the domestic Saudi market and not in New York, London or Hong Kong – yet. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Shares were priced at $8.53, or 32 […]
India could become net importer of iron ore next year
Talk about an own goal. India, the fourth-largest iron ore producer in the world, could become a net importer next year, Cogencis reported recently. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In the April-September period this year, India imported 900,000 tons of iron ore and […]
Nickel not joining in the Christmas cheer
We observed last month that the peak had passed in nickel prices and earlier suggestions from some quarters that nickel may hit $20,000 per ton were highly unlikely. Any stainless consumers taking that on board and living hand to mouth will have seen surcharges come down and should have been able to trim stocks in […]
Cliffs-AK Steel merger not likely to leapfrog EAFs
Cliff’s acquisition of AK Steel suggests it can leapfrog EAF steel producers like Nucor and SDI with a better raw material cost structure, cost synergies and new pig iron production.
IEA warns of imminent oil glut, putting pressure on global prices
Conventional wisdom has suggested we are headed for a significant oil surplus next year, with some commentators talking about a glut. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Even respected industry publications like OilPrice.com headlined “IEA Warns Of A Looming Oil Glut […]
Global aluminum production rises in October; China’s production hits 3M tons
Global aluminum production in October totaled 5.39 million tons, according to a recent report by the International Aluminum Institute. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Global production through the first 10 months of the year reached 53.04 million tons, down 0.9% […]
Global steel production drops 2.8%, China’s falls 0.6%
Global crude steel production took a fall in October, including in No. 1 steel producer China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to statistics compiled by the World Steel Association — using data from 64 data-reporting countries — global steel production fell 2.8% in October on a […]
Britain’s Dec. 12 general election has the potential to move markets
You could be excused in the U.S. for overlooking the fact that the U.K. is going through a snap election campaign. Any such coverage of the U.K.’s upcoming election is being drowned out by the U.S. media’s hourly reporting of the varying prospects for the numerous Democratic contenders and the daily tussles between lawmakers and […]
