As my colleague Fouad Egbaria wrote last week, the U.S. administration’s relaxation of the timescale for implementation of sanctions against Rusal has had the effect of taking the panic out of the market. As a result, prices have fallen for several days, not just for aluminum but for other metals that the market feared could […]
Tag: L1
Indian Steel Demand on the Upswing as Bidding for Essar Heats Up
The Indian steel industry is witnessing some interesting times — and not in the sense of the Chinese curse. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After a hiatus, domestic demand is up. On the other hand, the sector is seeing consolidation as international and domestic steel players spar over […]
LME Nickel Follows Aluminum in Price Slide
MetalMiner’s Stuart Burns touched on the rapid swing back downward for the aluminum price, which surged on news of U.S. sanctions on Russian oligarchs and companies but quickly dropped when the U.S. Treasury opened the door to potential easing of sanctions. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook But aluminum wasn’t the […]
Aluminum Prices Drop Sharply This Week After Announcement on Potential Easing of Sanctions
What goes up must come down, goes the old adage. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Although that adage does not always hold true, it has for aluminum this week following a change of tone from Washington. According to the Financial Times, the U.S. Treasury made two important announcements this week, […]
Steel Price Trends: An Upcoming Top?
U.S. domestic steel prices steadily increased after the release of the Section 232 report and President Donald Trump’s formal proclamation. However, the pace of the increases has started to slow down, signaling a possible top. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After what now looks like sluggish steel momentum […]
As E.U. Strikes Back at Steel Tariffs, Here’s Why Section 232 National Security Argument Matters
As my colleague Sydney Lazarus reported yesterday, even though the European Union has a temporary exemption from the U.S.’s Section 232 tariffs on steel and aluminum, it is demanding compensation at the World Trade Organization as shown in a filing by that trade body two days ago, according to Reuters. The EU is arguing that […]
USITC to Advise USTR on Proposed KORUS Changes Related to Auto Duties
The U.S. International Trade Commission late last week sent out a note that it is looking for input on a new investigation concerning proposed modifications to the U.S. Korea Free Trade Agreement (KORUS), specifically related to customs duties for motor vehicles. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Recently, the […]
Aluminum Recovers With More Than 13% Price Jump in a Week
At the end of week before last, aluminum prices seemed to struggle; some thought the metal might have shifted to bearish country. However, after that LME aluminum prices jumped by more than 13% in a week. LME aluminum prices retraced to August resistance levels ($1,972/mt), and then increased sharply again. Need buying strategies for steel? […]
DOC Investigation Finds Dumping of Mechanical Tubes from 6 Countries
The U.S. Department of Commerce on Tuesday announced it had issued a final affirmative determination in its anti-dumping investigation of imports of cold-drawn mechanical tubing from China, Germany, India, Italy, Korea and Switzerland. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “Today’s decision allows U.S. producers of cold-drawn mechanical tubing to […]
Trump’s Sanctions Could Hit Trade in Rusal Metal
We could love reading these murky tales about Russian businessmen and their dealings if the reality was not that some of them at least are rather too close to the truth and rather too close to home, (many of them living, as they do, at least part of their time in Western capitals). Buying Aluminum […]
