The European steel sector is facing an existential threat based on a variety of factors, according to the president of the European Steel Association (EUROFER), who spoke at the group’s annual conference June 26. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The issue of rising imports has been a […]
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Strike at Chuquicamata Copper Mine Drives Prices Up — How Far Will They Go?
Copper appears to be caught in the crosswinds. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After months of steady declines from a peak of U.S. $6,600 per ton in April, the copper price had drifted down to well below $6,000 per ton on fears of what impact the ongoing […]
Rising Iron Ore Prices Push Some Chinese Steel Mills into the Red
Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
A Shifting U.S. Dollar Could Impact Precious Metals Prices
Several years ago, analysts and mainstream publications once speculated the yuan would eventually replace the U.S. dollar as the world’s reserve currency. But with most commodities still priced in U.S. dollars, especially oil, the U.S. dollar has remained the world’s reserve currency. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Mexico Becomes First Country to Ratify USMCA; U.S., Canada Approvals Pending
Quite a bit has happened since late November, when the leaders of the U.S., Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA), the intended successor to the North American Free Trade Agreement (NAFTA) and sometimes dubbed “NAFTA 2.0.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More recently, President […]
Will the ‘Fruit and Nut Tax’ Adversely Impact Indo-U.S. Relations?
India’s retaliatory tariff on 28 U.S. goods, including some finished metal products, has been dubbed the “fruit and nut tax” in trade circles. The facetious label, though, does not take away from the seriousness of the developing situation. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In India and the […]
U.S. Midwest Premium Remains High to Consumers’ Chagrin
Aluminum base prices on the London Metal Exchange (LME) have been sliding for the last couple of months, suggesting we have a market in surplus. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook So when the United States removed tariffs on imported steel and aluminum from Canada and Mexico last […]
May Housing Starts Fall 0.9% from April; Pending Home Sales Index Drops
U.S. housing starts in May were down once again, falling 0.9% compared with April and down 4.7% from May 2018, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Housing starts in May totaled a seasonally adjusted […]
China Flat-Rolled Steel, Part 2: Weaker Economy Could Dampen Steel Prices
(Editor’s note: This is the second of a two-part series. Read Part 1 here.) The International Monetary Fund (IMF) recently lowered its 2019 growth forecast for China from 6.3% to 6.2%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s current economic slowdown shows in the FXI, a large-cap market […]
The June 2019 MMI Report: Eight of 10 MMIs Post Declines
The June 2019 Monthly Metals Index (MMI) report is in the books. June proved to be a down month for most of the MMIs, with eight of 10 posting declines. Only the Rare Earths and Renewables MMIs posted increases this month. Across the board, metals prices fell last month, including U.S. steel prices. A few […]
