This morning in metals news, prices of Chinese steel and steelmaking ingredients were down Friday, India is in talks with the U.S. over a steel tariff exemption and Japanese crude steel output might be decline in the first quarter of 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese […]
Tag: steel price
Best of 2018: Top Steel Posts of the Year, From Section 232 to Stainless Surcharges
It was yet another busy year in the world of steel news. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The main pillar of that news was the Trump administration’s imposition of a 25% tariff on imported steel. That saga, of course, is ongoing. A select few countries have won […]
November Global Crude Steel Production Up 5.8% Year Over Year
Global crude steel production in November jumped 5.8% year over year, the World Steel Association reported today. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting to the World Steel Association hit 148.6 million tons (MT) in November, continuing an upward production growth trend that […]
This Morning in Metals: U.S. to Lift Sanctions on Russian Oligarch Deripaska’s Companies
This morning in metals news, the U.S. Treasury Wednesday announced it will lift its sanctions against companies owned by Russian oligarch Oleg Deripaska (which includes aluminum giant United Company Rusal), Chinese steel prices hit a five-week high and Alcoa cuts aluminum production amid a labor dispute at its Becancour smelter in Quebec. Need buying strategies […]
This Morning in Metals: E.U. Extends Steel Investigation
This morning in metals news, the European Commission has extended its probe of steel imports, steel production in the Great Lakes region of the U.S. ticked up last week and Chinese aluminum companies will reportedly come together to discuss falling aluminum prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: Tokyo Steel to Hold Prices Steady in January
This morning in metals news, Tokyo Steel says it will hold steel prices steady in January, base metals prices fell Monday and Australian miner Fortescue announces its mid-grade iron ore production expectations for 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steady Steel Prices for Tokyo Steel After prices […]
Morning in Metals: U.S. Steel Shipments Up, China Near-Term Non-Ferrous Outlook Weak
Here’s what we’re tracking this morning in metals: U.S. steel shipments are up in October. AISI has reported that U.S. steel mills shipped close to 8.2 million net tons in October, a 4.6% rise over the month of September — and a 6% increase from the 7.7 million net tons shipped in October 2017. In […]
This Morning in Metals: Vale Says Drop in Steel Prices is Temporary
This morning in metals news, the state of falling global steel prices is a temporary condition attributable to Chinese overproduction ahead of winter cuts, according to miner Brazilian miner Vale; Chilean copper exports in November were less valuable; and the arrest of a Huawei Technologies executive has caused concern that it could cast a shadow […]
This Morning in Metals: U.S. Steel Import Market Share Hits 20% in November
This morning in metals news, steel imports coming into the U.S. continue to be down from last year’s levels, Shanghai steel prices are down and the sharp corrective trend in iron ore prices could be coming to an end. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Import […]
A Novel Approach to Predicting Price Direction
Price forecasters are always looking out for apparently unrelated factors that correlate to the price movement they are tracking. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sometimes the relationship seems bizarre. At first sight, a link between oil prices and aluminum prices appears tenuous until you consider that the […]
