Through the first five months of 2019, U.S. steel imports were down 12% compared with the equivalent period in 2018, the American Iron and Steel Institute (AISI) reported Tuesday. According to AISI — citing Census Bureau data — the U.S. imported 2.06 million net tons of steel in May 2019, which marked a 38.2% decrease […]
Tag: Steel
Rising Iron Ore Prices Push Some Chinese Steel Mills into the Red
Chinese steel mills are caught between the proverbial rock and a hard place. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported. Vale’s Feijao mine disaster, which […]
This Morning in Metals: Supreme Court Won’t Hear Challenge to Trump’s Section 232 Steel Tariffs
This morning in metals news, the Supreme Court will not hear a challenge to President Donald Trump’s Section 232 steel tariffs, Chinese steel prices made gains Monday and the U.S. is mulling a ban on 5G technology manufactured in China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supreme Court […]
Mexico Becomes First Country to Ratify USMCA; U.S., Canada Approvals Pending
Quite a bit has happened since late November, when the leaders of the U.S., Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA), the intended successor to the North American Free Trade Agreement (NAFTA) and sometimes dubbed “NAFTA 2.0.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More recently, President […]
This Morning in Metals: Trump Says U.S., China to Restart Trade Talks
This morning in metals news, the U.S. and China will resume trade talks, Tokyo Steel announced its first steel price cuts in nearly three years and Rio Tinto recently celebrated the launch of its automated heavy-haul rail network. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trade Talks After last […]
China Flat-Rolled Steel, Part 2: Weaker Economy Could Dampen Steel Prices
(Editor’s note: This is the second of a two-part series. Read Part 1 here.) The International Monetary Fund (IMF) recently lowered its 2019 growth forecast for China from 6.3% to 6.2%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s current economic slowdown shows in the FXI, a large-cap market […]
China Flat-Rolled Steel, Part 1: Prices Weaken as Hot and Rainy Season Begins
(Editor’s note: This is the first of a two-part series examining Chinese flat-rolled steel prices. The first part examines historical steel price trends. The second part, which will be published Tuesday, will cover the economic outlook for China.) Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese steel prices started to […]
Raw Steels MMI: Weak U.S. Prices Lead Subindex Drop
The Raw Steels Monthly Metals Index (MMI) came in at 76 this month, a 5% drop, after several months of sideways movement and a May reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices formed a clear downward price trend. A mix of factors led […]
This Morning in Metals: U.S. Steel Execs Wary of Potential Mexico Tariffs
This morning in metals news, U.S. steel executives are concerned about the impact of proposed tariffs on Mexican goods, bidders are looking at the liquidated British Steel in parts and Norsk Hydro released its Q1 2019 financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Executives Express […]
This Morning in Metals: European Steel Chiefs Say E.U. Needs to Act Against Rising Imports
This morning in metals news, European steel sector leaders are asking the E.U. for action in the face of rising imports, the U.S. says China is playing the “blame game” and U.S. Commerce Secretary Wilbur Ross met with Mexico’s Secretary of Economy Graciela Márquez Colín. Need buying strategies for steel? Request your two-month free trial of […]
