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 […]
Tag: Steel
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 […]
The January MMI Report: Metals Slump to Close Action-Packed 2018
With the January 2019 Monthly Metals Index (MMI) report, we can close the book on 2018 and what was a wild year in the world of metals and metals price movements. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was a book that closed with a pessimistic chapter for […]
This Morning in Metals: China’s December Exports to the U.S. Fall
This morning in metals news, exports from China to the U.S. took a dive in December, India will drive global steel demand in the coming years and Serbia has requested an exemption from the E.U.’s imminent quotas on steel imports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook December Exports […]
This Morning in Metals: China Looks to Improve Steel Capacity Structure
This morning in metals news, China is eyeing improvements to its steel capacity structure, China’s 2018 aluminum exports surged and Shanghai rebar futures hit a two-month high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Steel Structure According to Reuters, China is looking to shift the focus of its […]
Europe Embraces Tariff Barriers in Response to Rising Imports
They call it the law of unintended consequences and, broadly speaking, it was intended by the American sociologist Robert K. Merton to mean unintended consequences are outcomes that are not the ones foreseen and intended by a purposeful action — particularly actions of a government. Need buying strategies for steel? Request your two-month free trial […]