All indicators seem to show that India may end up being a net importer of steel for the second consecutive year in fiscal year 2020, according to sector experts and ratings agencies. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The reasons underpinning this development are many. In a desperate […]
Tag: Steel
This Morning in Metals: Chinese Iron Ore Falls to 10-Week Low
This morning in metals news, Chinese iron ore futures fell to their lowest level in 10 weeks, JP Morgan weighed in on the impact of tariffs on U.S. consumers and Tokyo Steel has decided to hold its prices steady for September. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore […]
Indian Steel Companies Worry About Demand as Auto Sales Fall
Since April this year, the Indian automobile sector has been seeing signs of a slowdown in sales. This has led to job cuts and expressions of concern from some major domestic steel producers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The slump in the sales of four- and two-wheelers […]
Raw Steels MMI: Mixed Price Movements Lead to One-Point Index Drop
The Raw Steels Monthly Metals Index (MMI) fell one point this month for an August reading of 74. Small price increases for some metals did not outweigh a few steeper price drops, bringing the index down for the month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices […]
This Morning in Metals: Vale’s July Iron Ore Production Hits 9-Month High
This morning in metals news, Vale’s resumption of activities boosted its iron ore production to its highest level in nine months, ArcelorMittal released its second-quarter financial results and a U.S. judge blocked a planned copper project in Arizona. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Vale Production Surges in […]
India’s Ambitious Water Pipe Plans Could be a Boon to its Domestic Steel Sector
Piped water to all – a new Government of India (GoI) multimillion-dollar scheme announced recently — comes as a pleasant surprise to India’s steel industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Called the “Nal se Jal” scheme (meaning “water connection to all”), this flagship project aims to provide […]
Global Crude Steel Production Rises 4.6% in the First Half of 2019
Global crude steel production reached 925.1 million tons for the first six months of the year, marking a 4.6% increase compared with the same period in 2018, the World Steel Association reported. Year-over-year production growth has fallen each of the last two months, from 6.4% in April to 5.2% in May. Need buying strategies for […]
This Morning in Metals: U.S., China Resume Trade Talks
This morning in metals news, U.S. and Chinese trade negotiators resumed talks this week, Goldman Sachs is pessimistic about copper supply and smaller Chinese steel mills are shaking off anti-pollution laws in an effort to compete against larger steel firms in the country. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
U.S. Steel Imports Down 13% in 1H 2019
The U.S. imported 13% less steel in the first half of 2019 compared with the first half of 2018, the American Iron and Steel Institute (AISI) reported recently. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Through the first six months of the year, U.S. total steel imports reached 15.62 million […]
This Morning in Metals: U.S. June Steel Imports Fall to 1.8M Metric Tons
This morning in metals news, June steel imports in the U.S. declined, U.S.-China trade talks are expected to resume after falling apart in May and copper prices picked up Wednesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook June Steel Imports Hit 1.8M Tons June steel imports in the U.S. […]
