This morning in metals news, President Trump is reviewing the U.S.’s steel and aluminum tariffs with respect to their application to Canada and Mexico, copper prices are up and the World Trade Organization (WTO) has set up a panel for a dispute between Japan and South Korea. Need buying strategies for steel? Request your two-month […]
Tag: Steel
India Grapples with Repercussions of U.S. Metals Tariffs
The ripples continue to spread across the pond of international trade from President Trump’s steel and aluminum tariffs. In a recent post from India reported in Aluminium Insider, an analysis of the scrap, primary and downstream semi-finished metals trades into and out of India reveal how economies on the other side of the globe are grappling […]
DOC Issues Preliminary Determination in CVD Investigation of Chinese Steel Propane Cylinders
The U.S. Department of Commerce (DOC) earlier this week issued an affirmative preliminary determination in its countervailing duty investigation of imports of steel propane cylinders from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The DOC determined Chinese exporters of steel propane cylinders received countervailable subsidies ranging from 42.77% […]
This Morning in Metals: Ford Says Prices of U.S. Steel More Expensive than Anywhere Else
This morning in metals, Ford Motor Co. says prices of U.S. steel are higher than anywhere else in the world, China’s alumina exports surged in September and the LME copper price dropped Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook High Prices U.S. automaker Ford has been vocal about […]
Nucor Reports Year-to-Date Net Earnings of $1.71 Billion
For those wondering how the surge in domestic steel prices have impacted many domestic steelmakers, there is perhaps no better indicator of that impact than quarterly earnings reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steelmaker Nucor Corporation reported its third-quarter earnings late last week, reporting net earnings of […]
Credit Suisse Downgrades U.S. Steel Sector Despite Tariff Boon
It seems almost inconceivable that Credit Suisse could be downgrading expectations for the US steel sector, as recently reported by Reuters. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It feels counterintuitive that an industry buttressed by 25% import tariffs would not be riding the crest of a wave, particularly […]
World Steel Association Forecasts Steel Demand to Grow by 3.9% in 2018
The World Steel Association yesterday released its Short Range Outlook (SRO), in which it forecasts global steel demand to grow 3.9% in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global steel demand is projected to hit 1,657.9 million tons (MT). Meanwhile, the SRO forecasts global steel demand will rise by […]
This Morning in Metals: U.S. Eyeing Steel Quotas for Mexico
This morning in metals news, the U.S. is reportedly looking to impose steel quotas on Mexico, the World Steel Association boosts its forecast for global steel demand and U.S. Steel reaches a tentative agreement with United Steelworkers to avoid a potential strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: U.S. Steel Sector Gets a Downgrade from Credit Suisse
This morning in metals news, Credit Suisse has downgraded the outlook for the U.S. steel sector, a Turkish steel company CEO is optimistic the U.S. will roll back the recently doubled Section 232 metals tariffs and Brazilian miner Vale posted record Q3 iron ore output. Need buying strategies for steel? Request your two-month free trial […]
Latest Tragedy at Indian Steel Plant Again Raises Red Flags Regarding Safety Standards
Loss-making balance sheets and cost-cutting in — or lax — oversight of health and safety can go hand in hand; they are often examples of poor management. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The aforementioned also sometimes go hand in hand with state ownership – in both the […]