This morning in metals news, the zinc and copper prices made gains this week, automakers expressed criticism of the U.S.’s steel and aluminum tariffs, and Shanghai rebar prices fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc, Copper Prices Rise Both metals made gains this week on concerns of […]
Tag: tariffs
Metal Manufacturers Group Weighs in on Tariff Exclusion Process
Yesterday, we noted a recent Aluminum Association letter, in which the industry group claimed the Department of Commerce’s Section 232 tariff exclusion request undermined the domestic aluminum industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Tuesday, the Coalition of American Metal Manufacturers and Users (CAMMU) also weighed in […]
This Morning in Metals: Nickel Falls to 11-Month Low
This morning in metals news, the nickel price has plunged to its lowest level in 11 months, Canadian Prime Minister Justin Trudeau spoke with President Donald Trump over the weekend regarding the U.S.’s steel and aluminum tariffs, and two train derailments appear to have had little impact on Australia’s iron ore sector. Need buying strategies […]
Chinese Ambassador Appeals to ‘Better Angels’ in Ongoing U.S.-China Trade Row
As the prospect of an additional $257 billion in tariffs on Chinese goods looms, China’s ambassador to the U.S. said the countries should look to their “better angels” to guide them toward a resolution of their trade dispute, the state-run Xinhua News Agency reported. Need buying strategies for steel? Request your two-month free trial of […]
This Morning in Metals: U.S. Could Add $257B in Tariffs on China if Talks Fail
This morning in metals news, another major tariff hammer could be set to fall on Chinese goods coming into the U.S., iron ore prices continue to rise and copper falls. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook More Tariffs on the Way? The U.S. has already imposed tariffs worth […]
This Morning in Metals: POSCO Reports Strongest Quarter Since 2011
This morning in metals news, Korean steelmaker POSCO posted its highest quarterly earnings in seven years, Caterpillar cites tariffs are part of the reason for its slide and a German metals distributor’s third-quarter earnings were boosted significantly by higher prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook POSCO Earnings […]
This Morning in Metals: Ford Says Prices of U.S. Steel More Expensive than Anywhere Else
This morning in metals, Ford Motor Co. says prices of U.S. steel are higher than anywhere else in the world, China’s alumina exports surged in September and the LME copper price dropped Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook High Prices U.S. automaker Ford has been vocal about […]
Credit Suisse Downgrades U.S. Steel Sector Despite Tariff Boon
It seems almost inconceivable that Credit Suisse could be downgrading expectations for the US steel sector, as recently reported by Reuters. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It feels counterintuitive that an industry buttressed by 25% import tariffs would not be riding the crest of a wave, particularly […]
This Morning in Metals: U.S. Steel Sector Gets a Downgrade from Credit Suisse
This morning in metals news, Credit Suisse has downgraded the outlook for the U.S. steel sector, a Turkish steel company CEO is optimistic the U.S. will roll back the recently doubled Section 232 metals tariffs and Brazilian miner Vale posted record Q3 iron ore output. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Canada Plans to Impose 25% Steel Tariff, Quotas
This morning in metals news, Canada plans to impose tariffs and quotas on seven categories of steel, the VIX surged this week to an eight-month high, and China’s steel and aluminum exports held relatively steady last month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canada to Impose Steel Safeguards […]
