This morning in metals news, the nickel price has plunged to its lowest level in 11 months, Canadian Prime Minister Justin Trudeau spoke with President Donald Trump over the weekend regarding the U.S.’s steel and aluminum tariffs, and two train derailments appear to have had little impact on Australia’s iron ore sector. Need buying strategies […]
Tag: Steel
This Morning in Metals: Copper Falls to One-Week Low
This morning in metals news, the copper price has slipped to a one-week low, builders in British Columbia are asking the Canadian government to loosen limits on steel imports and U.S. tariffs contributed to a Pittsburgh steelmaker’s down third quarter. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Copper […]
Politics or Compliance? Tariff Waiver Process Under Scrutiny
Criticism of Donald Trump’s tariff action, particularly by archrival Sen. Elizabeth Warren, is too often cast as simply political maneuvering, but there is a very real issue underpinning this current argument. That is, to be successful tariffs need to block imports and support domestic production — otherwise, what’s the point? Need buying strategies for steel? […]
This Morning in Metals: North American Aluminum Associations Petition for Tariff Exemptions
This morning in metals news, North American aluminum associations wrote a joint letter asking for quota-free tariff exemptions for Canadian and Mexican aluminum, European automakers plan to try out new LME steel contracts launching next year, and the LME copper price has dropped ahead of the U.S. midterm elections. Need buying strategies for steel? Request […]
First Indian Steel Conclave Touts Indian Steel Sector’s Progress
It was the first edition of its kind, but it attracted quite an audience. The International Steel Conclave, organized by the Indian Steel Association and Messe Frankfurt India, was held in the Indian capital of New Delhi on Oct. 25. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Using the […]
This Morning in Metals: Two Chinese Economists Critical of Country’s Economic Model
This morning in metals news, two prominent Chinese economists have been publicly critical of China’s economic model, the U.S. Department of Commerce has launched an audit of tariff waivers received by companies, China’s steel demand appears to be a boon for the Indian iron ore sector and U.S. Steel shares dipped after hours Thursday following […]
This Morning in Metals: U.S. Steel Imports Down 26% in September
This morning in metals, U.S. imports of steel are down by 26%, metal prices have gotten a boost from a softer dollar and ArcelorMittal reported its third-quarter results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steel Imports in the U.S. U.S. imports of steel were down 26% in September […]
This Morning in Metals: Shanghai Metals Prices Drop on Weaker Manufacturing Growth
This morning in metals news, Shanghai steel prices are down, Shanghai zinc and copper prices are also down, and U.S. steel prices are up by double-digit percentages this year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Steel Falls Prices of Shanghai steel have dropped Wednesday for a third […]
From Spitfires to Watches: REC Looks to Use Metal from Fighter Plane in Watches
Yes, yes, I know this has nothing to do with metal prices or trading fundamentals — but in my defense I will say it covers two of my passions (so just get over it, will you). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook ThomasNet occasionally puts out some great […]
EUROFER: E.U. Steel Markets Stabilizing But Facing Numerous Challenges
Growth is stabilizing in E.U. steel markets, according to the director general of the European Steel Association (EUROFER), but the sector nonetheless faces challenges, including trade barriers and high import levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Growth is stabilising in EU steel markets, in line with expectations,” […]