Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the […]
Tag: Steel
European Commission Proposes Lowering Steel Quota Hike to 3%
Lacking a Trumpian figure in overall charge of such measures, import controls take time to be worked out in Europe, as they require consensus among E.U. members that often have conflicting priorities. One issue they do seem to agree on, though, is the need to protect Europe from rising imports of cheap steel products. Need […]
Raw Steels MMI: Sluggish August Demand Hits Index
The Raw Steels Monthly Metals Index (MMI) dropped more significantly compared to last month’s one-point decline, this month falling by four points to 70. Global prices looked weak overall; however, U.S. futures spot prices increased, along with U.S. shredded scrap prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
This Morning in Metals: Bank of America Cuts Steel Price Forecast
This morning in metals news, Bank Of America cut its steel price forecast, copper prices dropped and gold lost some of its safe haven luster. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Gloomy Steel Forecast Bank of America has cut its steel price forecast and is less than optimistic […]
Thyssenkrupp Breakup Talks Resurface as Group Prepares for DAX Exit this Month
No one would argue that Thyssenkrupp has had its fair share of challenges in recent years. Formed from a merger in 1999 between steelmaking giants, Krupp and Thyssen, a recent Sky News article observed, makes them both older than the country of Germany. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: U.S. DOC Makes Affirmative Rulings in Fabricated Structural Steel Case
This morning in metals news, the U.S. Department of Commerce issued affirmative determinations in its anti-dumping investigation of fabricated structural steel imports, Turkey’s largest industrial group will halt steel production and a U.S. Department of Justice lawsuit poses a roadblock for Novelis‘ bid to buy Aleris. Need buying strategies for steel? Request your two-month free […]
India’s Steel Sector Woes Continue as Steel Inventories Pile Up
India’s growth rate has slowed, which in turn means sluggishness in the manufacturing sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook All of the above means lower consumption of steel. Riding on these developments comes the news that domestic steel producers are sitting on a “larger than usual” steel […]
U.K. Government Seeks Feedback for £250M Clean Steel Fund
The U.K.’s Department for Business, Energy and Industrial Strategy (BEIS) has issued a call for evidence to help inform a planned £250 million Clean Steel Fund. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the BEIS, the fund will “support the UK steel sector to move to a […]
U.S. Steel Capacity Utilization Rate Reaches 81.0%
According to a recent American Iron and Steel Institute (AISI) report, the U.S. steel industry operated at a capacity utilization rate of 81.0% for the year through Aug. 24. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date steel production reached 63.55 million tons, according to AISI, up 4.4% […]
This Morning in Metals: Steel Imports Down 10.6% Through July
This morning in metals news, U.S. imports of steel are down 10.6% for the first seven months of the year, U.S. Steel plans to idle its East Chicago plant, and China will raise tariffs on imports of copper scrap and aluminum scrap from the U.S. Need buying strategies for steel? Request your two-month free trial […]
