It has been a long, tortuous road, but finally ArcelorMittal’s reported €2 billion purchase of Italy’s Ilva steel plant looks like it is nearing completion. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The deal was largely contingent, according to a European Commission Press release, on an agreement between unions […]
Tag: L1
Theft of Auto Catalytic Converters on the Rise in the U.K.
There used to be a time when you were wary of parking your car in an unlit street or side road for fear you may come back to find it jacked up on blocks and all four shiny alloy wheels missing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Locking […]
Why Are We Relaxed About a Possible Trade War with China?
The markets appear strangely relaxed about the growing economic and political standoff between the U.S. and China. Maybe because it has been a slow burn over the last six months or maybe because no one quite believes either side would be stupid enough to allow a full-blown trade war to develop, but markets are generally […]
Rusal Sanctions Deadline Looming
As the Oct. 23 deadline approaches, the aluminum market is taking no risks on continued supply from Russia’s Rusal, Reuters reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The industry traditionally gets together in Berlin this week to negotiate annual supply contracts for 2019 with billet makers, rolling mills […]
Aluminum MMI: U.S. Midwest Premium Falls for Second Straight Month
The September Aluminum Monthly Metals Index (MMI) traded sideways this month. The Aluminum MMI index stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices increased in August. However, so far in September, prices have fallen. Aluminum prices are in a sideways trend within the $1970-$2170/mt band. Buying […]
Automotive MMI: Fiat Chrysler, Ford Post August Sales Increases
The Automotive Monthly Metals Index (MMI) dropped three points this month, falling for our reading of 96. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales August proved to be an uneven month for auto sales in the U.S. General Motors no longer publicly reports sales on a monthly basis, instead […]
European Steel Producers Performing Well Despite Tariffs, Political Turmoil
European steel producers have rarely had it so good— that’s not a statement you would expect to hear describing what has been a horribly cyclical industry that has struggled with overcapacity, political interference and significant legacy costs (such as expensive pension funds). At the same time, the European market has been flooded with cheap imports […]
China Seeks Consultations with U.S. Over $16B in Tariffs
In a world of increasing trade tensions, sometimes involved parties just want to talk.Need buying strategies for steel? Try two free months of MetalMiner’s OutlookSuch was the case last week, as China initiated a World Trade Organization (WTO) dispute complaint seeking consultations with the U.S. over the $16 billion in tariffs that went into effect […]
Vedanta Plans Multibillion-Dollar Investment in Oil, Energy Businesses
The Anil Agarwal-led Vedanta Ltd. may have faced a blow when one of its operations in India was shut down earlier this year, but that is not stopping it from investing more money in the country. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Navin Agarwal, chairman of the company, has […]
DOC Issues Affirmative Preliminary Determination on Steel Wheels from China
The Department of Commerce handed down an affirmative preliminary determination in its countervailing duty investigation of steel wheel imports from China. In the preliminary determination, the Department of Commerce said the imports benefited from countervailable subsidies ranging from 58.75% to 172.51%. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Imports of […]
