You never quite know with Donald Trump whether a new announcement is a case of international headline grabbing or whether the true motivation is the financial deal. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But the president’s push for the U.S. to create a sixth branch of the armed forces […]
Tag: L1
Turkey’s Disproportionately Large Steel Sector Heavily Impacted by Tariffs
Turkey may not be a big cheese in many ways, but its currency has taken a hammering following President Donald Trump’s threats of doubling tariffs and dire sanctions against a select few individuals close to authoritarian President Recep Tayyip Erdoğan. But apart from the impact on one or two other emerging-market currencies, like South Africa’s, […]
LME Aluminum Price Continues Downtrend as Commerce Secretary Visits Century Aluminum Plant
Like a sudden and overwhelming springtime rainstorm, aluminum prices, as many are no doubt aware, received a shock in April. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the news of U.S. sanctions targeting Russian companies and their owners — including Russian aluminum giant Rusal, the second-biggest aluminum producer in the world […]
Commodities Face China Headwinds Amid Slowing Consumption
How often have you seen headlines like “Copper rises on strong Chinese growth” and China’s industrial profits rise the most in four years on commodity prices“? Apparently, a mutually supportive cycle of strong growth fuels rising commodity prices, and rising prices fuels strong growth. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Oil Sands Get a Makeover as Petroteq Touts New Extraction Process
Just when environmentalists and shale oil had pretty much done for any more significant investment in tar sands, a couple of ex-oil industry veterans, David Sealock formerly of Chevron, and Jerry Bailey, formerly of ExxonMobil, are out to do to oil sands what modern drilling and fracturing did to tight oil. Need buying strategies for […]
The U.S. Dollar’s Softening Lifts Commodities Prices
The dollar dropped this week and stocks pulled back following comments early this week form President Trump that reversed earlier optimism over U.S.-China trade talks later this week. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to the Financial Times, the index tracking the U.S. dollar was down 0.3% at […]
Are Natural Gas Prices Due for a Shakeup?
Futures markets are suggesting the currently benign level of natural gas price volatility may not remain through the winter months. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to the Financial Times, market volatility this year has been the lowest on record despite inventory levels falling 19.5% below average and […]
India’s Largest Aluminum Producer Seeks Import Caps as Sector Looks to Up Competitiveness
India’s aluminum sector finds itself in a state of flux. Secondary aluminum makers in India are not upset by the import levies announced by U.S. President Donald Trump, but have expressed concern at the inverted duty structure perpetuated by the Indian government itself. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook On the […]
How Good Data Enables Section 232 and 301 Tariff Compliance
The Trump administration’s Section 232 investigation led to new steel and aluminum tariffs on China, but an even bigger trade decision is looming. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In August 2017, the Office of the U.S. Trade Representative (USTR) launched a Section 301 probe, which sought to assess […]
Tariffs Lift Prices But Capacity Utilization Remains an Issue
Even if U.S. steelmakers have been slow to add capacity following President Trump’s tariff protection, it would seem foreign steel makers are willing to commit to domestic U.S. production. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Financial Times this week reported on the announcement by BlueScope Steel, Australia’s biggest […]
