According to the U.S. Federal Reserve’s latest report on industrial production, industrial production in December dipped 0.3%. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Industrial capacity utilization dipped by 0.4 percentage point to 77.0%, which is down from the long-run average — from 1972-2018 — […]
Tag: Steel
This Morning in Metals: U.S. to appeal WTO panel decision in Indian steel dispute
This morning in metals news, the U.S. plans to appeal a World Trade Organization (WTO) compliance panel ruling related to its steel dispute with India, China’s crude steel production again hit a record high in 2019 and General Motors announced plans to invest $40 million at its Spring Hill Global Propulsion Systems plant in Tennessee. […]
After lengthy House approval process, Senate swiftly approves USMCA
The successor to the 1994 North American Free Trade Agreement, dubbed the United States-Mexico-Canada Agreement (USMCA), has now made its way through both chambers of the U.S. Congress. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! In December, the White House and House Democrats reached a […]
Indian mining sector breathes sigh of relief after government amends mining law
Steel companies and mining companies in India have heaved a sigh of relief after the federal government amended the prevailing mining law to permit the “seamless transfer” of regulatory approvals to new owners of operational iron ore mines, the Economic Times reported. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
With first phase in the books, U.S.-China trade talks shift to next stage
The escalation in U.S.-China trade relations appeared to take a brief pause Wednesday when U.S. President Donald Trump and Chinese Vice Premier Liu He signed what has been billed as a “Phase One” trade agreement between the world’s two largest economies. “Today we take a momentous step, one that has never been taken before with […]
Raw Steels MMI: U.S. price increases push three-point index gain
The Raw Steels Monthly Metals Index (MMI) showed some strength again this month with another three-point increase, rising to 72. U.S. HRC and scrap prices increased quite a bit, while LME billet prices also registered double-digit increases. Key forms of steel increased across the board in the first half of December 2019. Plate prices increased […]
This Morning in Metals: Manufacturing employment falls; unemployment steady at 3.5%
This morning in metals news, the U.S. Bureau of Labor Statistics released monthly jobs data Friday, Liberty Steel Group announced it is the preferred buyer for Bayou Steel Group and U.S. November steel shipments dropped 3.1%. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Unemployment rate […]
This Morning in Metals: U.S. raw steel production up 1.9% in 2019
This morning in metals news, U.S. raw steel production in 2019 increased 1.9% over 2018, Rio Tinto announced the restart of operations at its Richards Bay Minerals operation in South Africa and the U.S. Department of Commerce made an affirmative preliminary antidumping duty determination related to collated steel staples from China.
India’s steel sector struggled in 2019 — but what does 2020 hold?
For Indian steel producers, 2019 was an unremarkable year.
U.S. steel production up 1.8% in 2019
According to recent data from the American Iron and Steel Institute (AISI), U.S. raw steel production for the year through Dec. 21, 2019, had increased 1.8% compared with the same period in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the nearly full year in 2019 totaled […]