This morning in metals news: Chinese steel prices have plunged early this week following Beijing’s weekend warning to commodity speculators; MetalMiner is hosting its monthly webinar tomorrow, May 27, at 11:30 a.m. CDT; and the US Census Bureau released data on April steel imports. Get social with us. Follow MetalMiner on LinkedIn. Chinese steel prices […]
Tag: steel imports
US steel imports rise nearly 20% from February to March
Preliminary US steel imports reached 2.1 million metric tons in March, the Census Bureau reported earlier this month. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. US steel imports rise, paced by sheets and HDG strip US steel imports picked up in March from the 1.7 […]
US steel imports drop 22% in February
US steel imports in February — and through the first two months of the year — are down compared with 2020, the Census Bureau reported. Do you know the five best practices of sourcing metals, including steel? US steel imports in February down 22% from previous month US steel imports reached 1.71 million metric tons […]
This Morning in Metals: February US auto sales forecast to rise 3.3%
This morning in metals news: J.D. Power and LMC Automotive released their joint forecast on February US auto sales; meanwhile, US steel imports fell by 23% in January; and, lastly, Ford’s CEO urged the US government to support the implementation of electric vehicle applications. February US auto sales forecast to rise New-vehicle retail sales in […]
This Morning in Metals: Arconic reports 14% revenue decline, led by aerospace weakness
This morning in metals news: Arconic reported its fourth quarter and full-year 2020 financial results; meanwhile, the Census Bureau reported steel import totals; and, finally, hot rolled coil steel prices continue to rise. Arconic reports Q4, 2020 financial results Pittsburgh-based Arconic reported Q4 2020 revenues of $1.5 billion, up 3% from the previous quarter. However, […]
India proposes to reduce duties on steel, stainless steel products
A budgetary proposal by the Indian government to reduce steel duties has divided the Indian steel sector. India proposes reduction in steel duties In her 2021 budget speech presented in parliament earlier in the week, Finance Minister Nirmala Sitharaman proposed reducing customs duty on imports of semi-flat steel. She proposed cutting the duy for the […]
This Morning in Metals: Changan Ford to manufacture Mach-E in China for local customers
This morning in metals news: Ford Motor Co. announced Changan Ford will manufacture the new all-electric Mach-E SUV in China for local customers; the U.S.’s monthly deficit declined from November to December; and U.S. steel imports fell by 21% last year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
This Morning in Metals: U.S. steel imports rise in December
This morning in metals news: U.S. steel imports in December picked up compared with the previous month; President Joe Biden’s nomination for secretary of commerce, Rhode Island Gov. Gina Raimondo, faced her Senate confirmation hearing yesterday; and the E.U.’s ambassador to the United States called on Biden to reach a resolution on aluminum tariffs and […]
This Morning in Metals: U.S. goods and services deficit hits $68.1M in November
This morning in metals news: the Census Bureau and Bureau of Economic Analysis reported the U.S. goods and services deficit totaled $68.1 billion in November; the Brazilian state of Minas Gerais is hoping to win a compensation deal from miner Vale; and the American Iron and Steel Institute released steel import data for December. MetalMiner […]
This Morning in Metals: Finished steel import market share 18% in November
This morning in metals news: the American Iron and Steel Association (AISI) reported on November import data, including the month’s finished steel import market share; China’s Baosteel is working on a new project; and Norsk Hydro has signed two MoUs for renewable power projects in Brazil. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter […]
