According to Bank of America Research Analyst Timna Tanners, Steelmageddon looms on the horizon due to massive planned capacity increases in the U.S. steel industry. Her analysis indicates the equivalent of around a 20% capacity increase when aggregating investments across companies and production methodologies over the next few years. Due to the massive ramp-up, the Steelmageddon theory […]
Tag: L1
Norsk Hydro Appoints New CEO as Firm Aims to Restore Alunorte Capacity
Norwegian aluminum maker Norsk Hydro ASA has a new CEO for the first time in a decade. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The firm announced Monday that CEO Svein Richard Brandtzæg will be stepping down after 10 years. Hilde Merete Aasheim, executive vice president and head of Norsk Hydro’s primary metal business […]
Value of Raw Mineral Materials Produced by U.S. Mines Increases 3% in 2018
According to a recent report from the U.S. Geological Survey (USGS), U.S. mines churned out $82.8 billion worth of minerals in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The 2018 total marked a 3% year-over-year increase from $79.7 billion in 2017, according to the report from the USGS National […]
ITA: Global Tin Use Exceeded Expectations in 2018
According to a recent International Tin Association (ITA) report, global tin consumption bested expectations last year, despite trade headwinds created by tensions between the U.S. and China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Tin consumption in 2018 was stronger than previously anticipated, according to year-end data,” the ITA […]
India’s NCLT OKs ArcelorMittal’s Resolution Plan for Essar Steel
Steel tycoon Lakshmi Mittal’s dream of re-entering the Indian steel market is about to come true. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After almost a year of legal tussles, the National Company Law Tribunal (NCLT), Ahmedabad bench, gave the green light to ArcelorMittal’s resolution plan for the debt-laden […]
U.S. Jobs Report Shock Spooks the Markets
Well, some folks have been talking about it for a while, but figures this week suggest the long-anticipated slowdown has arrived. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Negative numbers out of China have been reported for some months now, particularly falling PMI figures suggesting a steadily deteriorating outlook. […]
Stainless MMI: Stainless Prices Continue to Tick Upward as Q1 Progresses
The Stainless Steel Monthly Metals Index (MMI) increased again this month by 4.3% to 71, up again after last month’s 11.7% gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Once again, nickel price increases provided an impetus for rising prices. This month, prices increased for all the metals in […]
Global Precious MMI: Palladium Prices Singlehandedly Heating Up a Frigid Winter
If you’re in the midwestern U.S., chances are your March has gotten off to a more-frigid-than-normal start. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Not so for the Global Precious Monthly Metals Index (MMI), which has gotten even hotter. The subindex tracking a basket of gold, silver, platinum and […]
Raw Steels MMI: U.S. Raw Steel Prices Begin Sideways Trend
The Raw Steels Monthly Metals Index (MMI) increased slightly again this month, moving to an MMI reading of 82, an increase of 2.5% month on month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month, U.S. raw steel prices stopped their multimonth decline off peak highs and began moving sideways […]
Brexit Uncertainty Could Linger Long After March 29 Deadline
March 29 is currently supposed to be the date by which Britain’s future relationship with the European Union is finally settled. MetalMiner’s Annual Outlook provides 2019 buying strategies for carbon steel There are several possible outcomes of varying likelihood. Britain could remain part of the E.U., which is looking comparatively unlikely. Or, it will leave […]
