A recent article by CBC in Canada highlights the mess that has resulted from the imposition of steel and aluminum tariffs between the U.S. and Canada. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It is fair to say the same mess is almost certainly prevailing on the U.S. side […]
Tag: Steel
AK Steel to Close ‘Largely-Idled’ Ashland Works by End of 2019
AK Steel on Monday reported its Q4 2018 and full-year earnings, posting net income of $33.5 million in the fourth quarter and adjusted net income of $48.0 million (compared with a loss in Q4 2017). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For the full year, AK Steel reported […]
U.S. Steel Mills’ Capacity Utilization Rate Inches Over 80% for YTD
U.S. steel mills achieved a capacity utilization rate of 80.3% for the year through Jan. 26, according to a recent report by the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Year-to-date production hit 70.07 million tons, according to the AISI report, up 10.9% from […]
Global Crude Steel Production Rises 4.6% in 2018
According to a World Steel Association report, global crude steel production increased 4.6% last year compared to 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Crude steel production increased in every region except the E.U. E.U. production declined 0.3% year over year. Overall, production growth slowed from the 6.3% […]
This Morning in Metals: LME, SHFE Copper Prices Slide
This morning in metals news, copper slides, one business says it has been impacted by the Trump administration’s Section 232 steel tariff and a November train derailment had a major impact on miner BHP’s production totals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Slides The price of London […]
Domestic Steel Prices Continue to Trend Downward
Domestic steel prices have been in a downtrend since August, when prices started to show the first signs of weakness. All forms of steel, except plate, have showed downward price momentum. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Historically, steel prices move lower during Q3 and part of Q4. […]
Indian Government Forecasts Up to $10B in Auto Sector Investment by 2023
In a late December report, the Indian government said it forecast the Indian automotive sector to attract between U.S. $8 billion and $10 billion in local and foreign investment by 2023. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Year End Review 2018 by the Ministry of Heavy Industries […]
This Morning in Metals: Alcoa Reports 4Q, Full-Year 2018 Results
This morning in metals news, aluminum producer Alcoa Corporation reported its fourth-quarter and full-year 2018 results, India is considering a higher iron ore import duty and Shanghai steel futures moved up. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa Reports 4Q Earnings Pittsburgh-based aluminum producer Alcoa Corporation reported its […]
U.S. Steel Sector’s Capacity Utilization Rate at Just Under 80% to Start 2019
Around the time that the Trump administration’s Section 232 tariffs on steel and aluminum were implemented last year, U.S. Commerce Secretary Wilbur Ross noted the administration’s goal of lifting steel and aluminum capacity to 80% (the level reflecting a healthy industry). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Following […]
Mid-January Review: DBB Struggles to Recover Momentum
Base metals traded higher at the beginning of January. However, momentum appears to be weaker once again. The DBB index has shown weakness since June 2018, when it started this short-term downtrend. MetalMiner has recently revised its market outlook, advising buying organizations to closely follow how the index develops. Need buying strategies for steel? Request […]
