The Renewables Monthly Metals Index (MMI) held steady this month, coming in for a reading of 108 for the second straight month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Cobalt Prices Cobalt prices are notorious for being both high and incredibly finicky given the relative scarcity of supply (not to mention […]
Tag: L9
Construction MMI: U.S. Construction Spending Up 0.4% in May
The Construction Monthly Metals Index (MMI) dropped two points, falling for a reading of 93 this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending May construction spending rose 0.4% compared with the revised final estimate for April, according to Census Bureau data released this week. Spending in […]
Tata Steel JV Expected to Bring Relief to its Indian Operations
Until a few years ago, Tata Steel was in the process of selling off most of its businesses in Europe because of the poor performance of steel globally. A few days ago, though, the Indian steel major announced its joint venture (JV) with German company thyssenkrupp. Need buying strategies for steel? Try two free months […]
GM Says Section 232 Auto Tariffs Would Harm Its Competitiveness
The Trump administration’s Department of Commerce announced in May that it would be using Section 232 once again, this time to investigate imports of automobiles and automotive components. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Secretary of Commerce Wilbur Ross testified before the Senate Finance Committee on June 20, a […]
Dropping Zinc Prices Get a Boost From Chinese Smelter Cuts
Not long ago, we mentioned that copper prices had been plunging of late — but the so-called “Dr. Copper” isn’t the only one on hard times. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Zinc has also been trending down this year. LME primary cash zinc opened the calendar year at […]
New European Commission Report Touts Removal of Trade Barriers
As even casual watchers of world affairs and international commerce might have caught on to by now, protectionism — or, at minimum, complaints of protectionism — has been on the rise. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The current of protectionism has blown in many directions, from the U.S. […]
May Steel Imports Down 23% From Previous Month
U.S. imports of steel dropped 23.2% in May compared to the previous month, according to an American Iron and Steel Institute (AISI) report citing U.S. Census Bureau data. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The U.S. imported a total of 2,887,000 net tons of steel in May. The finished […]
Global Crude Steel Production in May Up 6.6% Year Over Year
Global crude steel production in May rose 6.6% compared with production in May 2017, according to a World Steel Association report released Monday. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Global production for the month hit 154.9 million tons (MT), according to the report. Several Asian nations saw significant upticks […]
Good and Bad News From the Indian Iron Ore Sector
For the first time in years, India’s iron ore production crossed the 200 million tons per annum (MTPA) milestone. For 2017-18, output touched 210 MT, mostly on increased production in the provinces of Odisha and Karnataka, which was 9% higher than the 192 MT produced in 2016-17. This was also the first time crossing that […]
DOC Initiates AD, CVD Probes of Steel Propane Cylinders From China, Taiwan, Thailand
The U.S. Department of Commerce last week announced it had launched a new anti-dumping probe with respect to steel propane cylinders from China, Taiwan and Thailand. The DOC also launched a countervailing duty probe of the steel propane cylinders from China. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The DOC […]
