This morning in metals news, U.S. steel mills shipped 3.2% more steel in June 2018 than in June 2017, President Donald Trump announced the doubling of steel and aluminum tariff rates against Turkey, and Ford is feeling the effects of rising metals prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook […]
Tag: Steel
Raw Steels MMI: Steel Price Momentum Slows
The Raw Steels Monthly Metals Index (MMI) fell one point further this month, dropping to 89 from the previous 90 reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The Raw Steel MMI has returned to May 2018 levels. The slight drop came as a result of slower domestic steel price […]
Automotive MMI: Fiat Chrysler Sales Up in Overall Down Month For Automakers
The Automotive Monthly Metals Index (MMI) retraced four points, hitting 99 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales July was a down month for Ford, which saw its U.S. sales drop 3.1%. Ford car sales were down 27.7% year over year, and 15.7% in […]
Construction MMI: June Spending Falls 1.1% From Previous Month
The Construction Monthly Metals Index (MMI) lost three points this month, hitting 90 for our August MMI reading. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending, Employment According to U.S. Census Bureau data, U.S. construction spending in June fell 1.1% from the previous month. Spending in June hit $1,317.2 billion, […]
This Morning in Metals: AIIS Seeks Funds for Section 232 Lawsuit
This morning in metals news, a trade association looks to raise money to support its lawsuit against the Section 232 steel tariff, Honda’s quarterly earnings hit a 12-year high and the oil price’s recent dip may just be temporary. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook American Institute for International […]
The Disconnect Between Iron Ore and Finished Steel Prices in China
We had a little mythbusting discussion the other day here at MetalMiner®, including, among other examples, that tracking raw material inputs is no predictor of finished product prices. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Take, for example, iron ore. Prices fell this spring and have been bouncing around either […]
This Morning in Metals: U.S. Imports of Steel Fall 15.5% From May to June
This morning in metals news, U.S. imports of steel dropped from May to June, Novelis is making a $2.6 billion acquisition, and President Donald Trump has agreed to work with the E.U. to remove trade barriers. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Imports Drop U.S. imports of steel fell […]
U.S. Consultations Fizzle With India, Others Over Metals Tariffs
Ultimately, it went along expected lines. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India and a handful of other nations held trade dispute settlement consultations with the United States over its steel and aluminum tariffs in Geneva, but got absolutely no concession from the latter, according to reports coming out […]
E.U. Steel Consumption Up 3% in Q1 2018
The European Union (E.U.) posted a 3% increase in apparent steel consumption during Q1 2018 compared with Q1 2017, according to a recent European Steel Association (EUROFER) report. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook According to EUROFER, the E.U. steel market began 2018 on “relatively strong footing,” but that […]
This Morning in Metals: Canada Mulls Measures to Combat Diverted Steel
This morning in metals news, Canada is considering new tariffs or quotas to protect itself from steel diverted from the U.S., the U.S. goes at it with several WTO members and a major energy project in the U.S. is denied a tariff exclusion request. Need buying strategies for steel? Try two free months of MetalMiner’s […]