Although not yet at the coveted 80% mark, the U.S. steel sector’s capacity utilization rate is up over three percentage points in the year to date (up to Oct. 20) compared with the same time frame in 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Through Oct. 20, domestic […]
Tag: L9
Global Lead, Zinc Demand Forecast to Rise in 2019
The International Lead and Zinc Study Group (ILZSG) convened its 63rd session earlier this month in Lisbon, Portugal, during which it reviewed global demand forecasts for this year and next with respect to zinc and lead. Global Zinc Picture According to ILZSG, global zinc demand is set to rise by 0.4% in 2018 to 13.74 million […]
Alcoa Upgrades Full-Year Outlook Slightly in Q3 Financial Report
Alcoa, a leading producer of bauxite, alumina and aluminum products, announced a $200 million share buyback program on Wednesday as part of the release of its third-quarter financial results. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “Today’s stock buyback announcement, our smaller net pension and OPEB liability, and our results since launching […]
World Steel Association Forecasts Steel Demand to Grow by 3.9% in 2018
The World Steel Association yesterday released its Short Range Outlook (SRO), in which it forecasts global steel demand to grow 3.9% in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global steel demand is projected to hit 1,657.9 million tons (MT). Meanwhile, the SRO forecasts global steel demand will rise by […]
London Metal Exchange Announces New Contracts as Competition Rises
The London Metal Exchange is feeling the heat from rivals CME and the SHFE, it would seem. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In an announcement last week reported by Reuters, the 141-year-old exchange advised it was introducing a plethora of new contracts to woo customers increasingly attracted […]
Aluminum MMI: Aluminum Prices Rise and Fall on Alunorte News
The October Aluminum Monthly Metals Index (MMI) fell two points for an October MMI subindex value of 91 (its lowest since August 2017). Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell slightly in September. However, the mid-term trend has moved mostly sideways, trading between the $1,970-$2,170/mt level. Movements […]
GOES MMI: ABB, Cooper Power Battle AK Steel in GOES Section 232 Exclusion Requests
GOES Monthly Metals Index (MMI) spot prices took a big drop while large power equipment manufacturers went head to head with the sole U.S. producer of grain-oriented electrical steel (GOES), AK Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook GOES appears more challenging under Section 232 because both producers […]
Copper MMI: LME Copper Prices Breach $6,000/MT
In October, the Copper Monthly Metals Index (MMI) increased four points, recovering to August 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The latest Copper MMI latest increase came from stronger LME copper prices in September. The current Copper MMI stands at 77 points. LME copper prices recovered […]
We Could Be in the Early Stages of a New Cold War
A new Cold War — does that sound ridiculous? Does it sound alarmist? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It would have been a month or more back, but today it is a plausible statement. A post by Edward Luce in the Financial Times refers to a Bloomberg […]
Rare Earths MMI: U.S. Drops Rare Earths From $200B Tariff List
The Rare Earths Monthly Metals Index (MMI) stood pat this month for an MMI value of 17. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Pentagon Reviews Critical Materials Dependence Tariffs have been flying left and right this year, impacting a wide range of products, from steel and aluminum to […]
