This morning in metals news, Mexico hits back against the U.S.; tariffs aren’t good for relationships with allies, the Aluminum Association’s CEO says; and the E.U. could impose steel and aluminum safeguard measures as early as July. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Mexico Hits Back Retaliation on the […]
Tag: Steel
U.S. Goes Ahead With Steel, Aluminum Tariffs on E.U., Canada, Mexico
Well, he went and did it, didn’t he? Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Against advice from consumers and pleading from politicians in Europe and the Americas, President Trump went ahead with the imposition of 25% import tariffs on steel and 10% on aluminum from the E.U., Canada and […]
A May Review: Metals Prices Show Less Volatility After Wobbly April
After the instability in the industrial metals complex in April, May closed with an overall increase in metal prices. However, the increases are, in general, less sharp and less volatile than last month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum, Copper and Nickel The three main metals have seen […]
World Steel Association Releases 2018 Steel in Figures Report
The World Steel Association (worldsteel) 2018 World Steel in Figures report offers a sweeping view of the industry, including historical data on steel production, apparent steel use and more. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The report, released on Tuesday, is part of what can be seen as a […]
This Morning in Metals: U.S. Says It Will Continue Trade Actions Against China
This morning in metals news, despite a recent detente, the U.S announced it would continue trade actions against China; Canada launched a dumping investigation of steel imports from China, Vietnam and South Korea; and China’s Chinalco gets closer to equaling rival Hongqiao in production with a recent deal. Need buying strategies for steel? Try two […]
Steelmakers Are Performing Strongly … But How Long Will That Last?
Steelmakers’ fortunes are up, and for that we should all rejoice; an industry fighting bankruptcy or suffering long-running losses is not an industry that invests in its products or services. But questions remain about how long the current run of good fortune will continue for Western steelmakers. Need buying strategies for steel? Try two free […]
This Morning in Metals: E.U. Opens Investigation of Steel from China
This morning in metals news, the E.U. opened a new steel investigation, turnover at Russian aluminum giant Rusal and Novelis announces a major investment. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook E.U. Investigates Chinese Steel According to Reuters.com, the E.U. has launched a new investigation of Chinese hot-rolled steel sheet […]
CRISIL Report: Resolution of Indian Stressed Steel Assets Will Alter the Sector
Even as news came in late last week that some of India’s biggest steelmakers were set to expand production after reporting solid quarterly earnings amid strong steel prices, well-known research agency CRISIL has said in a report that resolution of stressed steel assets – those that are bankrupt – will “alter” the Indian steel sector […]
Momentum Slows for Domestic Steel
Domestic steel momentum seems appears to have finally started to slow down. So far this month, hot-rolled coil, cold-rolled coil, hot-dip galvanized and plate prices have begun to trade sideways. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The slower pace of the increases should come as no surprise, as domestic […]
This Morning in Metals: Japan’s JFE Says Tariff Hasn’t Impacted Its Steel Exports Yet
This morning in metals news, the parent company of Japan’s second-largest steelmaker said the U.S. steel tariff on steel had yet to impact its exports, Novelis breaks ground on a new automotive aluminum facility in Kentucky and a NAFTA deal is unlikely to happen by the May 17 deadline put forth by U.S. House Speaker […]
