China is one of the most-watched economies in the world because its health ties in heavily with overall global economic growth. Further, there is a strong correlation between the Chinese economy as an industrial metals demand generator and the primary metals market outlook. MetalMiner has always followed some Chinese indicators in order to completely understand […]
Tag: L1
Gold is Making a Comeback
Gold has been the metal to hold these last few months. While the base metals index has been at best trading sideways — and in many instances, gradually weakening — gold has been making a comeback. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Even before Fed announcements in January […]
India Moves Past Japan into No. 2 Spot of Global Steel Producers
It was an expected development — so when it was announced, it did not come as much of a surprise to many in the steel sector in India (or even globally). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook An updated World Steel Association analysis of crude steel outputs by […]
AK Steel to Close ‘Largely-Idled’ Ashland Works by End of 2019
AK Steel on Monday reported its Q4 2018 and full-year earnings, posting net income of $33.5 million in the fourth quarter and adjusted net income of $48.0 million (compared with a loss in Q4 2017). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For the full year, AK Steel reported […]
Podcast Ep. 5: Reshoring Brought Record Number of Jobs Back to U.S. in 2017 — What Now?
Late last week, a CMO of a B2B mobile technology company published a lightly scathing take on the mainstream media’s characterization of the current “trade war” (a “farce,” according to the headline), by making the case for, among other things, reshoring. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Ostensibly […]
Global Crude Steel Production Rises 4.6% in 2018
According to a World Steel Association report, global crude steel production increased 4.6% last year compared to 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Crude steel production increased in every region except the E.U. E.U. production declined 0.3% year over year. Overall, production growth slowed from the 6.3% […]
PwC: Value of M&A Metals Deals Surges 90% in 2018
Last year was a big one for a M&A activity in the world of metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to a report released yesterday by PwC, the total value of metals M&A deals in 2018 hit $53.4 billion — up from $28.1 billion in 2017 […]
China Reports Slowing Growth, but by How Much?
The New York Times reports this week that China’s economy continues to gently slow its pace of growth. For the last three months of 2018, growth came in at 6.4% compared with a year earlier, the paper said, its slowest pace since a decade ago. For the full year, the Chinese economy grew at 6.6% […]
BHP Announces Production Figures for Second Half of 2018
Miner BHP unveiled its production totals for the second half of 2018, reporting a negative impact of approximately $600 million due to unplanned outages at Olympic Dam, Spence and Western Australia Iron Ore. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Production in the first half was broadly in line with […]
EUROFER Director General: Steel Safeguard Measures ‘Welcome’ but Could ‘Undermine’ Intended Function
Last week, E.U. member states voted to go ahead with new quotas on steel imports extending until July 2021. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Last July, the E.U. voted to impose provisional steel safeguards, which were allowed to remain in place for a maximum of 200 days […]
