There’s a feel-good story emerging out of India vis-a-vis the steel sector. A recent policy document showed a rise in steel exports in 2017, while a freshly released World Steel Association (WSA) report recorded a growth in crude steel production last year. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook The […]
Tag: Steel
Nucor Reports Highest Earnings Since 2008 Despite Rising Imports
Nucor Corporation announced its 4Q and 2017 full-year earnings during its quarterly earnings call Tuesday afternoon. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook For the fourth quarter of 2017, Nucor reported consolidated net earnings of $383.9 million, or $1.20 per diluted share, compared with net earnings of $254.9 million ($0.79 per […]
World Crude Steel Output Rises 5.3% in 2017: World Steel Association
The World Steel Association released its 2017 annual crude steel report on Wednesday, which showed steel output increases in almost every part of the world last year.Need buying strategies for steel? Try two free months of MetalMiner’s OutlookAccording to the report, the 1,691.2 million tons (MT) produced last year marked a 5.3% increase from the […]
This Morning in Metals: Kobe Steel Hopes New Personnel Can Help Restore Image
This morning in metals news, Kobe Steel‘s personnel shake-up constitutes one attempt to put distance between the company and its quality data falsification scandal, the chairman of the Japan Iron and Steel Federation said China’s steel output is under control despite record production in 2017 and the fate of the 24-year-old North American Free Trade […]
Steel Prices Pick Up Momentum to Kick Off 2018
Steel price momentum appears significantly stronger with the start of the year. Steel price momentum shifted in December, showing stronger upward movement. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Despite the momentum, MetalMiner remains cautious about steel prices. The U.S. Department of Commerce’s Section 232 outcome might also add some […]
This Morning in Metals: Metals Supplies, NLMK and Copper Tracks Back
This morning in metals news, the metals supply situation is complicated, Russian steel producer NLMK‘s output rose 3% last year and copper dropped the most it had in almost six weeks. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel What is the Supply Situation? According to Reuters, stocks of metals in LME industrial […]
America is Picking the Right Fight with the Wrong Enemy
The above headline is true, assuming the U.S.’s avowed aim is the health and future of the American steel industry and its workers. Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need No one would dispute the idea that the world has too much steelmaking capacity. Many emerging markets and […]
This Morning in Metals: Steel Wins Big with New Ram, Chevy Models
This morning in metals news, two new vehicles made mostly with steel represent a victory for the steel industry, iron ore prices are down and the U.S. International Trade Commission (ITC) voted to continue its investigation into common alloy aluminum sheet from China. New Ram Pickup, Chevy Silverado Made with Steel As the steel industry […]
Section 232 Steel Probe Report Moves on to President Trump
After a couple of self-imposed deadlines blown by and a lot of waiting, the next step in the Section 232 process has finally arrived. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Thursday evening the Department of Commerce announced Secretary of Commerce Wilbur Ross had completed his Setion 232 steel report […]
This Morning in Metals: Proposed Law Could Offer Fewer Protections for U.K. Steel Industry than E.U. Regulations, Union Warns
This morning in metals news, a law proposed in the U.K. could have a negative impact on the domestic steel industry as the country moves forward with Brexit talks, steel production in the U.S. Great Lakes region has jumped to start the year, four firms have submitted resolution plans for Electrosteel Steels and the U.S. […]