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 […]
Tag: Steel
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 […]
Baowu Steel Moves Relentlessly Toward Distinction of World’s Largest Steelmaker
The planned merger of Chinese behemoth Baowu Steel Group with a smaller rival is painted in rather dramatic terms, as if it is to be something that is feared. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In practice, we should see this as a positive move. The Financial Times […]
This Morning in Metals: Iron Ore Price’s Rise Slows
This morning in metals news, the iron ore price slipped Thursday, the Indian steel import market is dominated by Japan and South Korea, and trade tensions between the U.S. and China continue to gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Slows Down Supported by supply-side concerns, […]
India in Wait-and-See Mode on U.S.-China Trade Developments
The tariff war between the United States and China is being watched with trepidation in India. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook There’s no unanimous view yet on the fallout of the tariffs with respect India. Most in India are in a wait-and-see mode as things unfold. Overall, […]
Experts Fail to Quantify Impact of Section 232 Steel, Aluminum Tariffs
If you ask 100 procurement professionals whether or not the Section 232 steel and aluminum tariffs have helped or harmed them, 100% will say the tariffs harmed them. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After fielding hundreds of calls from metal-buying organizations this past year, we here at […]