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 […]
Tag: Steel
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 […]
This Morning in Metals: China’s Aluminum, Steel Exports Increased in April
This morning in metals news, Chinese exports of steel and aluminum were up in April, copper prices fell and negotiators are working to reach a deal on the North American Free Trade Agreement (NAFTA) this month. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Chinese Steel, Aluminum Exports Jump in May […]
Steel, Aluminum Tariffs Postponed for Another 30 Days
Following intense lobbying by French President Emmanuel Macron and German Chancellor Angela Merkel — plus, it must be said, the whole European steel industry and many consumers in the U.S. — U.S. President Donald Trump has announced a delay in the imposition of steel and aluminium tariffs on Canada, Mexico and, crucially, the European Union […]
This Morning in Metals: Steels Mills Shut Down in China’s Xuzhou
This morning in metals, steel mills in China’s second-biggest steelmaking province are shutting down, U.S. Steel reports its Q1 financials and Ecuadorian officials are engaging in talks to potentially bring a copper refinery to the country. Chinese Mills Shut Down in Pollution-Curbing Measure Several steel mills in the Chinese city of Xuzhou have been shut […]
Indian Steel Demand on the Upswing as Bidding for Essar Heats Up
The Indian steel industry is witnessing some interesting times — and not in the sense of the Chinese curse. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After a hiatus, domestic demand is up. On the other hand, the sector is seeing consolidation as international and domestic steel players spar over […]