The Automotive Monthly Metals Index (MMI) picked up one point for a December MMI reading of 95. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Sales General Motors reports sales numbers on a quarterly basis, rather than a monthly basis. The automaker reported sales fell 11% year over year in […]
Tag: L1
Century Aluminum Announces Expansion at Sebree Smelter
U.S. aluminum maker Century Aluminum announced last week it plans to expand production at its smelter in Sebree, Kentucky. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Sebree smelter — one of two Century Aluminum smelters in Kentucky, the other in Hawesville — has an annual production capacity of 220,000 tons. […]
Companies, Industry Groups React to USMCA Signing
“USMCA” might not roll off the tongue like “NAFTA.” Nonetheless, it’s the talk of North America. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The United States-Mexico-Canada Agreement (USMCA) — the successor to the 1994 trilateral trade deal, the North American Free Trade Agreement (NAFTA) — was signed Friday by […]
Hyundai Explores Possibility of Steel Plant in India
It may be in an extremely preliminary stage, but South Korean steelmaker Hyundai seems keen on setting up a steel plant in India. A team from the Hyundai group visited Visakhapatnam in South India, where the steel plant of Rashtriya Ispat Nigam Ltd (RINL) is located, and spoke of looking at the possibility of setting […]
Is General Motors Ahead of the Curve?
Judging from the howls of protest on Capitol Hill, politicians do not agree with analysts’ estimates that General Motors’ decision to shed 15% of its workforce and close seven facilities worldwide is the act of a smart first mover in an industry facing seismic changes. GM’s plans, reported in the Financial Times, are intended to […]
Value of U.S. Imports of Steel Hits $2.7 Billion in October
According to preliminary U.S. Census Bureau data released Tuesday, U.S. imports of steel in October hit 3.0 million metric tons, at a value of $2.7 billion. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The October total marks an increase from the previous month, when the U.S imported 2.0 million […]
October Global Crude Steel Production Up 5.8% Year Over Year
According to World Steel Association data released late last week, global crude steel production in October jumped 5.8% compared with October 2017 production. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting data to the World Steel Association amounted to 156.6 million tons in October. […]
WBMS Report Shows Metal Deficits Can’t Fend Off Falling Investor Appetite
The World Bureau of Metal Statistics’ (WBMS) most recent press release makes for curious reading. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Covering as it does the first three quarters of this year, the January to September period, you could read the report and then ponder the recent price direction […]
Global Aluminum Production Rises 4% Year Over Year in October
According to International Aluminum Institute (IAI) data released yesterday, global aluminum production jumped 4% year over year in October. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Global aluminum production hit 5.4 million metric tons in October, up from 5.2 million metric tons in October 2017. The October production total also marked an […]
Azevêdo: WTO Has Opportunity to Address ‘Crisis of Multilateralism’
The past year’s developments in global trade have offered a stiff test to the international trading order and, more specifically, the World Trade Organization (WTO). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Amid a surge in protectionist measures, the WTO has come under pressure. U.S. President Donald Trump has […]
