This morning in metals news, India is considering upping its steel import duty, China’s spending on subways could assist its steel sector and an update in the Rusal sanctions saga. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supporting the Rupee In order to give support to its currency, the […]
Tag: Steel
Moody’s Paints Bullish Picture of Indian Steel Sector
Moody’s Investors Service has said India will be the brightest spot for the steel sector over the next 12-18 months, according to a report by the Hindu Business Line. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Moody’s pointed out that India’s steel consumption was rising at least 5.5%-6% every […]
This Morning in Metals: USW, U.S. Steel Continue Contract Talks
This morning in metals news, the United Steelworkers union is reportedly not happy with U.S. Steel’s latest contract proposal, Vice President Mike Pence touts a steel resurgence in Michigan and South Korean firms seek an exemption from the E.U. steel safeguards. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Union […]
Raw Steels MMI: Domestic Steel Price Momentum Slows
The Raw Steels Monthly Metals Index (MMI) traded sideways this month, driven by slower domestic steel price momentum. The current Raw Steels MMI fell to May 2018 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have started to fall slightly. Prices traded lower in August, showing […]
This Morning in Metals: Steel, Raw Material Prices Fall in China
This morning in metals news, prices of steel and raw materials in China are slumping, India is eyeing the No. 2 spot in the list of top global crude steel producers and copper jumps as the euro rises. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Prices Drop in China […]
This Morning in Metals: U.S. Weekly Steel Capacity Up to Highest Level Since 2014
This morning in metals news, the U.S. steel industry posted its highest weekly capacity utilization ratio since 2014, U.S. Steel workers hope to see a windfall from rising steel prices and Canada is holding firm in NAFTA talks. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Steel Capacity Utilization Rises The U.S.’s steel […]
European Steel Producers Performing Well Despite Tariffs, Political Turmoil
European steel producers have rarely had it so good— that’s not a statement you would expect to hear describing what has been a horribly cyclical industry that has struggled with overcapacity, political interference and significant legacy costs (such as expensive pension funds). At the same time, the European market has been flooded with cheap imports […]
This Morning in Metals: Trump Signs Proclamation That Could Offer Tariff Relief to Quota Countries
This morning in metals news, President Donald Trump signed a proclamation that offers “targeted relief” for a quartet of countries subject to metals quotas, Mexico’s steel association urges the government to negotiate a repeal of the U.S.’s steel tariff and Canada rejoins talks with the U.S. regarding the North American Free Trade Agreement (NAFTA). Need […]
Global Crude Steel Production in July Rises 5.8% Year Over Year
Global crude steel production was on the rise last month, jumping 5.8% compared with July 2017, according to a World Steel Association report this week. That rate is down from the 8.5% posted in July 2017 and the 6.4% in June 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According […]
This Morning in Metals: Energy Companies Hit a Wall in Steel Tariff Exemption Bids
This morning in metals news, U.S. energy companies haven’t had much luck in the steel tariff exemption request process, iron ore prices bounced back from a one-month low and Mexican steel exports to the U.S. plunged in June. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Energy Companies Look for […]