The Raw Steels Monthly Metals Index (MMI) fell two points this month, dropping to 90 from the previous 92 reading. Domestic steel price momentum continued, as domestic steel prices increased again. Chinese steel prices also increased in June, adding support to domestic steel prices. Need buying strategies for steel? Try two free months of MetalMiner’s […]
Tag: L1
Glencore Finds Itself Under the Department of Justice Microscope
This is not the first time critics have lined up to suggest Glencore is on the ropes, but close to the wind as the trader often sails, the firm will likely find solutions to its current challenges, substantial as they are. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook And let’s […]
Copper MMI: LME Copper Prices Continue Downtrend
In July, the Copper Monthly Metals Index (MMI) fell by three points, falling to its lowest value since October 2017. The Copper MMI currently stands at 81 points. The decrease came as a result of falling LME copper prices as well as other elements that make up the Copper MMI. Need buying strategies for steel? […]
Why Has Gold Not Lived Up to Its Status as a Safe Haven?
Stock markets in New York, London and Shanghai have been sliding for a month now since President Donald Trump unleashed a trade war on the U.S.’s trading partners in an effort to reset terms seen as unfair by Washington. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Normally, as stock markets […]
Automotive MMI: Big Three Companies Post Sales Increases in June
The Automotive Monthly Metals Index (MMI) fell one point this month for a July reading of 103. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales Nonetheless, June was a good month for the top U.S. automakers. General Motors, which this year announced it would only report sales on a […]
Trade Tariffs Will Adversely Impact the Automotive Sector
There will be significant winners and losers to the current U.S.-E.U. trade war, but none more so than in the automotive sector. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Size matters when it comes to reshuffling production among plants to avoid import tariffs. According to the Financial Times, larger companies […]
Tata Steel and Thyssenkrupp Reach Final Agreement on Merger
Steel giants Tata Steel and thyssenkrupp have been talking about it since 2016, but now they have finally managed to reach an agreement to merge their European operations into a 50-50 joint-venture, according to the BBC. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The merged business, to be called thyssenkrupp […]
Automakers Go on the Offensive Over Potential Tariffs
The president’s assertion that trade wars are easy to win is — at this stage, at least — looking a little less certain than it was at the outset. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Not surprisingly, exporters to the U.S. impacted by actual and proposed import tariffs are […]
Harley-Davidson Plans to Move Production Overseas in Latest Chapter of Trade Saga
President Donald Trump will not be the first commander-in-chief to find that waging wars on multiple fronts is a strategy with significant drawbacks. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Taking on America’s NAFTA partners, Canada and Mexico, at the same time as the European Union is encouraging multiple retaliatory […]
DOC Makes Preliminary Affirmative Determination in Cast Iron Soil Pipe Probe
The U.S. Department of Commerce announced Tuesday that it had made a preliminary affirmative determination in its countervailing duty investigation of cast iron soil pipe imports from China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The department calculated countervailing subsidies ranging from 13.11-111.20%. The 13.11% rate was applied to Yuncheng Jiangxian […]
