This morning in metals news, the U.S. steel sector’s capacity utilization rate inched down another tenth of a percentage point, the U.S. raised its steel tariffs on Turkey to 50% and Chinese iron ore futures fell Tuesday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade […]
Tag: Steel
Raw Steels MMI: Global Steel Prices Continue to Falter
The Raw Steels Monthly Metals Index (MMI) took another hit this month, dropping three points to 67. The index has now dropped for seven consecutive months — following an early 2019 high of 82 in March — on the back of falling steel prices. U.S. steel prices dropped in September, with plate prices recording the […]
SUV Demand Raises Questions about Impact of EVs on Environmental Targets
An interesting article in the Financial Times this week struck a chord with us at MetalMiner where we often debate how we see metals and manufacturing will go. As such, we often try to shoot holes in oft touted but poorly researched “trends” found in the popular media or espoused by politicians. Keep up to […]
Automotive MMI: After Strong August, Sales Slow in September
The Automotive Monthly Metals Index (MMI) held flat this month for an MMI reading of 85. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Auto Sales The Big 3, which now all report sales on a quarterly basis, released sales figures for the […]
Global Steel Production Rises 3.4% in August; China’s Production Jumps 9.3%
Global crude steel production increased 3.4% in August on a year-over-year basis, the World Steel Association reported. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Production for the month reached 156 million tons, according to the World Steel Association report, which collects production […]
Chinese Currency Devaluation Helps Reverse the U.S.-Chinese Steel Price Spread
The primary reason to pay attention to Chinese steel prices pertains to the country’s price leadership in the global marketplace. However, since currency dynamics shifted recently, now is a good time to take a more tactical look at the U.S.-China steel price spread. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: U.S. Steel Imports Fall in August
This morning in metals news, U.S. steel imports fell in August compared with July, House Speaker Nancy Pelosi called for the beginning of an impeachment inquiry of President Donald Trump and Indian mining companies are concerned about the impending expiration of leases for non-captive iron ore mines. Keep up to date on everything going on […]
Earnings Suffer as U.S. Steel Companies Face Falling Steel Prices
Earnings guidance recently released by U.S. steel companies have a common denominator: the impact of falling steel prices. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Last year, upon the Trump administration’s implementation of Section 232 steel tariffs, domestic steel prices surged. However, since mid-2018, steel […]
This Morning in Metals: United Steelworkers Ratify Alcoa Labor Deal
This morning in metals news, members of the United Steelworkers union ratified a new Alcoa labor deal, the European Steel Association (EUROFER) recently released its 2019 European Steel in Figures report and LME copper prices were up Friday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s […]
U.S. Steel Sector’s Capacity Utilization Falls to 80.7%
The U.S. steel industry posted a capacity utilization rate of 80.7% for the year through Sept. 14, down slightly from the 80.8% utilization rate for the year through Sept. 7, according to the American Iron and Steel Institute (AISI). Keep up to date on everything going on in the world of trade and tariffs via […]
