The Stainless Monthly Metals Index (MMI) increased by 5.3% for this month’s index value, as this month we touch on Chinese stainless production, South Africa’s proposed chrome export tax and more. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Chinese stainless steel market The […]
Tag: South Africa
Global Precious MMI: Gold prices hold steady after grim April jobs report
The Global Precious Monthly Metals Index (MMI) dropped 1.7% this month. Gold prices steady around $1,700/ounce With some states beginning to reopen and ease restrictions put in place to curb the spread of COVID-19, interest in gold as a safe-haven asset has picked up. After falling below $1,500 per ounce in March, the gold price […]
Stainless MMI: South Africa’s 21-day lockdown shakes up ferrochrome markets
The Stainless Monthly Metals Index (MMI) fell 6.0% this month. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Week in Review: Oil prices plunge; auto sales slump in Q1; steel output up in February
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: oil prices, Section 232 steel tariffs, the gold market, PMI numbers, steel production and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
South Africa’s 21-day lockdown disrupts chrome sector, delays stainless surcharge update
Sporadic reports of mine closures and special working arrangements have gathered momentum during March and into April, in some cases sparking fears of ore supply shortages. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Few places have had quite the profound impact that closures in South […]
Week in Review: Copper prices; British Steel roadblock; U.S. auto sales
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper prices and the coronavirus’ impact; European steel consumption; Jingye’s British Steel takeover bid; U.S. steel production; automotive sales and more. Improve metal purchase timing and mitigate price […]
Eskom’s monopoly on South African power production finally comes to an end
South Africa, the primary or major source of so many critical metals, is caught in a Catch-22 situation of its own making. Request a 30-minute demo of the MetalMiner Insights platform now. The mining industry is a major employer in South Africa and contributes some 7% of national GDP. The impact of mining goes beyond […]
Power outages in South Africa cause platinum, palladium price rises
Platinum has had a decent year from a price perspective. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Not as strong as palladium, by any means. But despite the travails of the global automotive market, tighter emissions standards have helped demand. But now price support has […]
ArcelorMittal Announces Shuttering of Plants in South Africa, Poland
The world’s largest steelmaker is in for some tough times. First, ArcelorMittal announced it would be shutting down a plant in South Africa, quickly followed up with another notice of the temporary closure of a furnace in Poland. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
USITC Says Carbon and Alloy Wire Rod Imports from South Africa, Ukraine Harm Domestic Industry
While the Department of Commerce’s release of its Section 232 report on steel and aluminum stole most of the headlines last Friday, the United States International Trade Commission (USITC) voted that imports of carbon and alloy steel wire rod from South Africa and Ukraine pose harm to domestic industry. According to the USITC release, the […]
