This morning in metals news, U.S. Trade Representative Robert Lighthizer on Tuesday said the U.S. is working on a “practical solution” to lift the steel and aluminum tariffs on Canada and Mexico, China is expected to have a 2.65-million-ton copper deficit this year, and a preliminary report on iron ore miner BHP’s train derailment in […]
Tag: Steel
This Morning in Metals: Canada Announces $100M in Funding for Steel, Aluminum Industries
This morning in metals news, the Canadian government announced it is rolling out $100 million in funding for its domestic steel and aluminum industries, copper moves toward a seven-month high, and Vietnam’s steel exports to the U.S. increased in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canadian Steel, […]
This Morning in Metals: U.S. Steel Imports Fell 11.5% in 2018
This morning in metals, U.S. imports of steel dropped 12% year over year last year, Chile’s copper and lithium export revenue fell in February and markets react to uncertainty over the ongoing U.S.-China trade talks. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Imports of Steel Drop 11.5% U.S. steel […]
U.S. Steel Mills Reach Capacity Rate of 81.1% for the Year Through March 2
According to the American Iron and Steel Institute’s (AISI) weekly steel production report, U.S. steel mills churned out steel at a capacity utilization rate of 81.1% for the year through March 2. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date production by U.S. steel mills for the year […]
India Faces Lack of Domestic Steel Options for Railway Development Initiatives
The railways sector is one of the high-growth areas in India, so far as infrastructure is concerned. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Much of it still runs on a setup that its former colonial ruler, the British Empire, left behind, and then some. In a bid for […]
This Morning in Metals: Chinese Steel Prices Move Upward
This morning in metals news, Chinese steel prices are up ahead of the peak construction season, mining companies around the world are looking to change the way they operate in the wake of Vale SA’s fatal dam collapse and solar sector companies are sourcing prefab in order to find a way around the Trump administration’s […]
Global Crude Steel Production Rises 1% Year Over Year in January
Global crude steel production growth slowed in January, hitting its lowest level since August. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the World Steel Association, global crude steel production rose 1.0% year over year in January, down from 3.8% growth in December. Global steel production in January […]
This Morning in Metals: U.S. Steel Capacity Rate Hits 81%
This morning in metals, the U.S.’s steel capacity utilization rate inches upward, Emirates Steel forecasts a slower 2019 for regional construction and copper falls back from its eight-month peak. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Capacity Utilization Rate According to the American Iron and Steel Institute’s […]
This Morning in Metals: Copper Price Hits 7 1/2-Month High
This morning in metals news, the copper price has surged to its highest level in 7 1/2 months, Canada’s ambassador to the U.S. is confident the U.S.’s Section 232 steel and aluminum tariffs will be coming to an end soon and China’s state-backed Chinalco plans to sell an aluminum plant for just under $164 million. […]
Are CME HRC Futures Ready for Prime Time?
The Chicago Mercantile Exchange (CME) hot-rolled coil (HRC) steel futures market finally demonstrated increased liquidity during 2018, about five years following its introduction in February 2014. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Both volume of trading and open interest numbers showed improvement during 2018, as evidenced by increasing […]