The Stainless Steel Monthly Metals Index (MMI) traded sideways in October. The current index stands at 72 points, back at January 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The sideways trend was created by a less volatile nickel price and lower domestic stainless steel surcharges, while stainless […]
Tag: Steel
This Morning in Metals: Gillette Wins Exemption from Section 232 Steel Tariff
This morning in metals news, Gillette gets a break from the U.S.’s Section 232 steel tariff, Century Aluminum strikes a deal to keep its Charleston smelter going through at least 2020 and Indian steel mills are increasingly looking outside the country for iron ore. Need buying strategies for steel? Request your two-month free trial of […]
Raw Steels MMI: Subindex Holds at 89 For Third Straight Month
The Raw Steels Monthly Metals Index MMI again traded sideways this month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This marks the third consecutive month the index has held at 89 points. The current Raw Steels MMI is at May 2018 levels. Domestic steel prices have decreased sharply and steel […]
This Morning in Metals: Norsk Hydro Plans Alunorte Restart
This morning in metals news, Norsk Hydro plans to restart its Alunorte alumina refinery, Shanghai steel rebar prices fell and Turkey plans to impose steel import quotas. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Aluminum Prices Back Down After surging last week on news of Norsk Hydro’s shutdown of […]
This Morning in Metals: Aluminum Association Disappointed in USMCA
This morning in metals news, the Aluminum Association expressed its disappointment in the United States-Mexico-Canada Agreement (USMCA), the Pentagon is reviewing the U.S.’s dependence on foreign sources of critical materials (including rare earths from China) and Section 232 steel tariff exemption requests continue to rise. Need buying strategies for steel? Request your two-month free trial […]
China is Taking a Breather in its War on Smog This Winter
In recent years China’s steel sector — particularly the large, state-owned steel mills — have benefited from the enforced closure of capacity on environmental grounds during the winter heating season. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Contrarian as it may at first sound, closure of private mills largely […]
This Morning in Metals: U.S., Canada Reach NAFTA Deal
This morning in metals news, the U.S. and Canada have reached a deal on the North American Free Trade Agreement (NAFTA) after several weeks of talks, Secretary of Commerce Wilbur Ross said the steel and aluminum tariffs on Canada and Mexico will remain in place, and copper prices are down on account of perceived drops […]
DOC Announces New Rebuttal System in Attempt to Improve Much-Criticized Section 232 Exclusion Process
The impact of the U.S.’s Section 232 steel and aluminum tariffs on its relationships with other countries has been well-documented — but what about Section 232 challenges at home? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For domestic businesses seeking to win product exclusions from the tariffs that went […]
This Morning in Metals: U.S. August Steel Imports Hit 2.7M Metric Tons
This morning in metals, the U.S. Census Bureau reported figures for August steel imports, Japanese aluminum consumers are looking to scrap and universities in the U.K. are conducting testing in the hopes of producing “greener” steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Imports 2.7M Metric Tons of […]
This Morning in Metals: USTR Questions Global Steel Forum’s Ability to Deliver Capacity Cuts
This morning in metals news, the Office of the United States Trade Representative (USTR) dished out criticism for a global steel forum and its efforts toward curbing excess steel capacity, Chinese steel rebar prices are up and Walmart warns tariffs could result in price increases. Need buying strategies for steel? Request your two-month free trial […]