This morning in metals news, the U.S. steel sector continues to outproduce 2018 levels, copper prices are around two-week highs and President Donald Trump took to Twitter to tout the impact of the U.S.’s tariffs on China’s economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Capacity Utilization Rate Reaches […]
Tag: Steel
Trump Executive Order Aims to Increase Domestic Steel Content in Federal Procurement
The U.S. steel industry applauded the president’s latest executive order, which targets the augmentation of the percentage of domestic steel content — among other goods — in federal procurements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Monday, July 15, the president signed a proclamation hailing this “Made in […]
Indian Steel Industry Opinions Mixed on New Budget
Reactions from Indian steel industry leaders to some of the provisions of the annual budget that was just passed have been a mixed bag. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Overall, industry players were in agreement that the annual budget exercise would push big-ticket infrastructure projects. Stress on […]
Raw Steels MMI: Weak U.S. Prices Lead to One-Point Index Decline
The Raw Steels Monthly Metals Index (MMI) fell slightly this month, following last month’s more significant decline. The index came in at 75 this month, down one point from the previous month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices continued their clear drop this month, with […]
This Morning in Metals: Department of Commerce Announces Circumvention Rulings on Vietnamese Steel
This morning in metals news, the Department of Commerce made preliminary affirmative determinations with respect to imports of steel from Vietnam, iron ore is powering Australia’s trade surplus and copper slipped for the second straight session. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook DOC Issues Circumvention Rulings The Department […]
EUROFER President: Challenges Threaten to ‘Erase’ E.U. Steel Industry
The European steel sector is facing an existential threat based on a variety of factors, according to the president of the European Steel Association (EUROFER), who spoke at the group’s annual conference June 26. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The issue of rising imports has been a […]
U.S. Steel Imports Fall 12% in Year to Date; Import Market Share Drops to 19%
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 […]
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 […]