Not before time, China’s steel industry is making some progress towards consolidation. Although both sides deny talks are taking place, a Reuters article details information received from various sources that suggests state-owned China Baowu Steel Group is in talks to take over rival local Anhui province government-controlled Magang Group. Need buying strategies for steel? Request […]
Tag: Steel
Value of U.S. Imports of Steel Hits $2.7 Billion in October
According to preliminary U.S. Census Bureau data released Tuesday, U.S. imports of steel in October hit 3.0 million metric tons, at a value of $2.7 billion. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The October total marks an increase from the previous month, when the U.S imported 2.0 million […]
This Morning in Metals: Senators Request Review of Tariff Waiver Process
This morning in metals news, U.S. senators are asking for an independent review of the Trump administration’s Section 232 tariff waiver process, LME copper is down for the third straight day and Chinese steel mills are preparing for difficult times ahead. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Another […]
This Morning in Metals: Chinese Steel Market Slides
This morning in metals news, Chinese steel prices are dropping, Rio Tinto is leading the copper charge in Australia’s Great Sandy Desert and Asian aluminum prices are coming down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese Steel Market Chinese steel prices are entering a bear market, according to […]
Indian Steel Sector Looks on Nervously at RCEP Trade Talks
A move to hammer out a new trade agreement between the Association of Southeast Asian Nations (ASEAN) and other associated free trade agreement (FTA) countries has left India’s steel, manufacturing and other industries somewhat jittery. The country’s steel sector has been working overtime trying to make the Narendra Modi-led government understand its concerns, pointing to […]
This Morning in Metals: Mexico Expects U.S. to Lift Metals Tariffs with USMCA Signing
This morning in metals news, the Mexican ambassador to the U.S. told news agency McClatchy he expects the U.S. to lift its steel and aluminum tariffs, world aluminum production jumped in October, and Norilsk Nickel says it is willing to work with London-listed Kaz Minerals on a copper project in Russia. Need buying strategies for […]
AISI: Year-to-Date Steel Capacity Utilization Rate Jumps to 78%
The U.S.’s capacity utilization rate for steel continues to inch toward that magic 80% benchmark. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to data from the American Iron and Steel Institute (AISI), the U.S.’s steel capacity utilization rate for the year through Nov. 17 reached 78%, up from […]
This Morning in Metals: Zinc, Copper Move Toward Gains for the Week
This morning in metals news, the zinc and copper prices made gains this week, automakers expressed criticism of the U.S.’s steel and aluminum tariffs, and Shanghai rebar prices fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc, Copper Prices Rise Both metals made gains this week on concerns of […]
Metal Manufacturers Group Weighs in on Tariff Exclusion Process
Yesterday, we noted a recent Aluminum Association letter, in which the industry group claimed the Department of Commerce’s Section 232 tariff exclusion request undermined the domestic aluminum industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Tuesday, the Coalition of American Metal Manufacturers and Users (CAMMU) also weighed in […]
This Morning in Metals: China’s Steel Output Soars in October
This morning in metals news, China’s October steel output hit a record high, workers and management at U.S. Steel have reached an agreement on a four-year labor deal and the Aluminum Association in a letter criticized the Department of Commerce’s tariff exclusion process. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]