The European Union (E.U.) posted a 3% increase in apparent steel consumption during Q1 2018 compared with Q1 2017, according to a recent European Steel Association (EUROFER) report. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to EUROFER, the E.U. steel market began 2018 on “relatively strong footing,” but that […]
Tag: L9
USTR Hearings on Proposed $16B in Tariffs Begin Days After Trump’s $500B Threat
After last week’s hearings on the Department of Commerce’s Section 232 investigation of automobile and automotive part imports, this week the Office of the United States Trade Representative (USTR) will holding public hearings on the proposed list of items to be subjected to tariffs pursuant to Section 301. Need buying strategies for steel? Try two […]
India’s Coal Shortage is U.S. Miners’ Gain
What is one man’s meat is another’s poison. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The proverb seems to be true for India’s coal supply woes. The country’s power ministry has advised all provinces to start importing coal for the next three years in order to operate their power plants […]
European Safeguards Go Into Effect to Combat Diverted Steel
Announced by the European Commission yesterday, provisional steel safeguard measures went into effect today, covering 23 steel product categories. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The measures were instituted in response to a challenge about which European leaders have frequently expressed concern: diverted steel as a result of the […]
Concentration of Cobalt Sector Expected to Increase in Coming Years
Cobalt is a product we don’t often talk about, partly because of its relative scarcity but also because of the specificity of its industrial application. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook With that said, the industries it does draw interest from are high-profile ones, including the growing electric vehicle […]
DOC Launches Anti-Dumping, CVD Investigations of Steel Rack Imports From China
Last week, the U.S. Department of Commerce announced it had launched anti-dumping (AD) and countervailing duty investigations of steel rack imports from China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The alleged dumping margins in the AD case are 130.0-144.5%, according to a DOC release. The DOC added there 28 alleged […]
India, U.S. Set to Meet Over Metals Tariffs This Week
The U.S. and India are scheduled to sit across the table this week in Geneva to discuss the case filed by India with the World Trade Organization’s (WTO) dispute settlement mechanism over the U.S.’s imposition of import duties on steel and aluminum. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The […]
Global Precious MMI: Record-Low Prices Mark this Month – Are More Drops Coming?
Here’s What Happened MetalMiner’s Global Precious Monthly Metals Index (MMI), tracking a basket of precious metals from across the globe, dropped four points (a loss of 4.5%) for the June reading after holding flat for three straight months. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Incidentally, the July 2018 MMI […]
Stainless Steel MMI: LME Nickel Prices Fall While Stainless Surcharges Rise
The Stainless Steel Monthly Metals Index (MMI) fell slightly this month, down to 82 from 84. Despite the fall in the Stainless Steel MMI, the index remains at February 2015 highs. The index dropped due to a slight decrease in LME nickel prices in June. However, stainless steel surcharges inched higher again this month, remaining […]
Aluminum MMI: LME Aluminum Drops, Midwest Premium at Four-Year High
The July Aluminum Monthly Metals Index (MMI) fell six points, falling to April 2018 levels. The Aluminum MMI now stands at 95 points. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook LME aluminum prices fell in June and have continued to slide so far in July. However, the rate of the declines has […]
