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 […]
Tag: Steel
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 […]
This Morning in Metals: Steel Capacity Utilization Rate Falls to 80.3%
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 […]
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 […]