For those wondering how the surge in domestic steel prices have impacted many domestic steelmakers, there is perhaps no better indicator of that impact than quarterly earnings reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steelmaker Nucor Corporation reported its third-quarter earnings late last week, reporting net earnings of […]
Tag: L1
Credit Suisse Downgrades U.S. Steel Sector Despite Tariff Boon
It seems almost inconceivable that Credit Suisse could be downgrading expectations for the US steel sector, as recently reported by Reuters. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It feels counterintuitive that an industry buttressed by 25% import tariffs would not be riding the crest of a wave, particularly […]
India’s Coal Shortage Drags On
This story of India’s coal shortage refuses to die down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For some years now, many parts of the country have been facing power cuts. Why? Because of a shortage of coal, which becomes even more acute in the monsoon season (which is […]
Iron Ore is Defying Gravity (For Now)
Despite the turmoil of an escalating war of words and the prospect of a full-blown trade war, the price of iron ore has remained remarkably robust this year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As the primary ingredient in the most basic of manufacturing materials, steel, you may […]
Liberty House Set to Snap Up Yet Another Steel Asset in Europe
A couple of weeks back, we covered ArcelorMittal’s takeover of Italy’s Ilva, Europe’s largest producer of flat-rolled carbon steel. We observed at the time that ArcelorMittal was one of a few firms capable of funding the cleanup and modernization of Italy’s polluting giant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
Latest Tragedy at Indian Steel Plant Again Raises Red Flags Regarding Safety Standards
Loss-making balance sheets and cost-cutting in — or lax — oversight of health and safety can go hand in hand; they are often examples of poor management. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The aforementioned also sometimes go hand in hand with state ownership – in both the […]
Stainless Steel MMI: LME Nickel Price Volatility Decreases
The Stainless Steel Monthly Metals Index (MMI) traded sideways in October. The current index stands at 72 points, back at January 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The sideways trend was created by a less volatile nickel price and lower domestic stainless steel surcharges, while stainless […]
Global Precious MMI: Precious Metals Index Rebounds on Back of Palladium
MetalMiner’s precious metals index, tracking a basket of platinum, palladium, gold and silver prices in several geographies across the globe, bounced back in October after several months of declines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Global Precious Monthly Metals Index (MMI) registered a value of 83 for […]
Raw Steels MMI: Subindex Holds at 89 For Third Straight Month
The Raw Steels Monthly Metals Index MMI again traded sideways this month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This marks the third consecutive month the index has held at 89 points. The current Raw Steels MMI is at May 2018 levels. Domestic steel prices have decreased sharply and steel […]
Demands Coming From All Quarters to Restart Mining of Iron Ore in Goa
The Indian province of Goa, known world over for tourism, was once also a well-known destination on India’s mining map. But legal, environmental and political issues ensured the stoppage of mining operations there in 2012. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Though operations did resume to a degree […]
