According to the BBC last week, British Steel, the U.K.’s second-largest steel producer, is knocking on the door of the British government for the second time in as many months looking for support. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In April, the firm borrowed £120 million from the […]
Tag: L1
One of Two Embargoes Lifted on Norsk Hydro’s Alunorte Alumina Refinery
A federal court in Brazil lifted one of two production embargoes on Norsk Hydro’s Alunorte alumina facility, as the Norwegian firm angles to bring the facility back to full capacity. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In October, Brazil’s Institute of Environment and Renewable Natural Resources lifted its embargo […]
Is it Time to Call a Bear Market for Industrial Metals?
While industrial metals started 2019 in an upward trend, the complex showed weakness as 2019 progressed. In fact, all of the industrial metals hit down around current support levels — and lower at times — during the past few weeks. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook With industrial […]
After Thyssenkrupp JV Falls Through, Tata Steel Looks to Other Options
After the collapse of its deal in Europe with Thyssenkrupp AG, Tata Steel is reportedly considering several options, including a new partner for a joint venture (JV), according to Bloomberg Quint. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook A report in the Business Standard quoted Tata Steel CEO and […]
Chinese HRC Prices Continue to Rise on the Back of Government Stimulus Measures
Chinese HRC prices increased again this month, while other forms of steel stayed flat overall. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Looking more closely at HRC — along with CRC, HDG and plate — prices generally remain lower than a year ago on a year-on-year basis, with the […]
Just How Bad are European Steel Markets?
It is often tough to discern fact from fiction, particularly when it comes to corporations and politicians. Two developments this month in Europe raise questions about the relationship and balance of influence between major corporations and government. Are corporations reacting to markets or seeking to stimulate political action is often the question? Need buying strategies […]
Raw Steels MMI: Prices Continue to Trend Sideways
The Raw Steel Monthly Metals Index (MMI) dropped 1.2% this month, down to an index reading of 80. Weakness in the index once again came from U.S. domestic steel prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. prices showed weakness of late with HRC, CRC, HDG and plate […]
Stainless MMI: Subindex Drops as Nickel Prices Show Weakness
The Stainless Steel Monthly Metals Index (MMI) declined this month, dropping by two index points to 69. A few of the prices in the basket registered fair declines, with nickel prices showing weakness. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel The LME primary nickel 3-month price decreased […]
India Aims to Speed Up Activity Toward Renewable Energy Installation Goal
Faced with the prospect of perhaps not being able to meet the target of installing 175 GW of renewable energy by 2022, the Indian government has decided to adopt a new tack. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Media reports in India say the government is mulling a […]
Copper MMI: Copper Price Stuck in Sideways Trend
The Copper Monthly Metal Index (MMI) dropped slightly this month, from 79 last month to an index value of 78 for May. Mild price decreases of less than 1% hit nearly all the prices in the index, with the exception of the Japanese copper cash price (which increased by less than 0.5%). Need buying strategies […]
