Editor’s Note: This article has been corrected to reflect the most recent AISI capacity utilization rates and the price delta between the ROW and the US. Judging by the plunging share price of steel producers and the collapse in steel prices from $1,006 per ton just over two years ago to $557 now, it would […]
Tag: Steel
Steel, Other Industries Breathe Sigh of Relief Over India’s Retreat from RCEP Trade Pact
For a while, whether or not India would join the Regional Comprehensive Economic Partnership (RCEP) was touch and go. But eventually, much to the relief of domestic steel companies and those from other sectors, the Narendra Modi-led Indian government decided to sit out the controversial RCEP trade pact, which features the 10 members of the […]
U.S. Steel Sector’s Capacity Utilization Hits 81.6%; Steel Price Slide Continues
The U.S. steel sector notched a capacity utilization rate of 81.6% for the week ending Nov. 2, according to a recent American Iron and Steel Institute (AISI) report, as U.S. steel prices continue to plunge. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. […]
This Morning in Metals: South Korea Will No Longer Seek Special Treatment for Developing Countries
This morning in metals news, South Korea will no longer seek to benefit from special treatment granted to developing countries vis-a-vis WTO rules, iron ore exports from Australia’s Port Hedland are surging and Rio Tinto has commissioned new press filter technology at its Quebec alumina refinery. Keep up to date on everything going on in […]
Global Steel Production Drops 0.3% in September
Global steel production contracted in September, according to the most recent monthly data from the World Steel Association. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. In September, steel production from the 64 countries reporting data to the World Steel Association totaled 151.5 […]
This Morning in Metals: UAW Members Ratify New General Motors Contract
Members of the United Auto Workers (UAW) voted Friday to ratify a new labor contract with General Motors, the United States Trade Representative offered a mixed reaction to the latest gathering of the Global Forum on Steel Excess Capacity, and a copper mine in Ecuador plans to make its first shipments in November. Keep up […]
This Morning in Metals: U.S. Steel Imports Down 13.7%
This morning in metals news, the U.S.’s imports of steel are down 13.7% in the year to date, miner Glencore is partnering with other companies at the World Economic Forum on responsible sourcing and the Aluminum Association supported a bipartisan letter to Congress lobbying for an aluminum import monitoring program. Keep up to date on […]
China’s Steel Capacity Rising Just as Demand is Weakening
A recent Platts report offers a worrying picture of overcapacity in the Chinese steel market, which could have ramifications for steel prices worldwide. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. When Europe or the U.S. has an overcapacity issue, domestic producers suffer […]
U.S. Steel Prices Plunge; Production Last Week Fell Below 80% Capacity
U.S. raw steel production for the week ending Oct. 19 slowed, with the sector’s capacity utilization rate checking in just below the important 80% mark, all coming as steel prices continue to fall — in some cases, to late 2016 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Capacity […]
The October MMI Report: Steel Prices Slide, U.S. Readies E.U. Tariffs
The October 2019 Monthly Metals Index (MMI) report is in the books. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. This month, just one of the Monthly Metals Indexes (MMIs) increased, while six declined and three held flat. Some highlights from this month’s MMIs: After […]
