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Entries from July 2008

US Steel Producers Accused of Anti-Dumping?

July 25th, 2008 · No Comments

My learned colleague Stuart mentioned to me yesterday that he saw an article in a trial subscription of Steel Business Briefing, that steel producers in the US “were exporting finished products overseas at under domestic prices.” Now if that wasn’t a hoot given all the squawking by US steel companies over foreign material entering the […]

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Tags: Anti-Dumping · Ferrous metals · Global trade developments

What a Bellwether Tells Us About the Economy

July 25th, 2008 · 1 Comment

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Tags: Commodities · Macroeconomics

Which Way For Oil?

July 25th, 2008 · No Comments

The price of oil has come down significantly over the last week or so falling from over $147/barrel to $126/barrel as of this writing. Is this the top of the chart and if it continues to fall what can we expect for metals?
Some are still predicting $250/barrel for oil next year, though others have called $50/barrel. Both seem […]

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Tags: Commodities · Ferrous metals · Non-ferrous metals · Supply and demand

Johnson Controls Goes After Steel Suppliers’ Surcharges

July 24th, 2008 · 1 Comment

In a rather shocking story that came out late last week, Johnson Controls, the interiors and seating system Tier 1 automotive supplier, sued four suppliers for levying steel surcharges on them, alleging the suppliers had violated their purchasing contract. The story is rather shocking not because automotive suppliers have been squeezed considerably since the start […]

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Tags: Ferrous metals · Sourcing strategies

Wonder Welders: Polio Victims Create Scrap Metal Treasures

July 24th, 2008 · No Comments

Although worldwide immunization efforts have resulted in a steady decline of polio cases, the disabling disease is still a fact of life in a small number of countries. More than 1,000 cases were reported in Africa in 2004. A viral disease, polio can damage the nervous system and even cause paralysis, and in several countries, […]

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Tags: Product developments

Does Magnesium Justify Protectionism?

July 24th, 2008 · No Comments

MetalMiner has always held a strong free market philosophy. Our belief is in most cases the benefits of lower cost material to consumers outweighs the damage to domestic producers that global trade can bring. In our experience, calls for anti- dumping fines, import tariffs or quotas are nearly always brought by large industrial producers.  The losers […]

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Tags: Anti-Dumping · Ferro Alloys · Ferrous metals · Global trade developments

Is the LME’s Steel Billet Price A Leading Price Indicator?

July 23rd, 2008 · No Comments

For those that follow the new LME Billet contract, or those that want to once we launch our new premium service, MetalMiner IndX (SM) which daily tracks this and many other metals, there has been a telling development in the prices over the last week few weeks or so. Amid continuous reports of rising steel costs, prices for […]

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Tags: Ferrous metals · Global trade developments · Supply and demand

Midas Touch Lasers Turn Any Metal to Gold

July 23rd, 2008 · No Comments

Photo: Aluminum, titanium and platinum, in unexpected colors.
Credit: Richard Baker, University of Rochester.
In 2006, U.S. scientists announced the first step to a perfect, pitch-black Batmobile for the hero of The Dark Knight. Using lasers (or more accurately, a quick beam of light called a femtosecond laser pulse), scientists discovered a way to alter the surface properties of […]

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Tags: Commodities · Precious Metals · Product developments

Why Care About the Doha Round of Trade Talks?

July 22nd, 2008 · 1 Comment

Type in “Doha trade talks and steel” into Google and few if any articles appear. And yet I can’t help but fear that the latest round of Doha trade talks starting again this week may have profound long term implications on metals buyers across this country and elsewhere. First, a re-cap of Doha and who/what […]

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Tags: Anti-Dumping · Global trade developments

Platinum Gives Up Gains

July 22nd, 2008 · No Comments

It surprised me to read how little platinum is actually in circulation, even though one in five goods manufactured either contains or is produced using the metal. According to the article, all the platinum ever mined would fit in a room measuring 25ft square (I notice they didn’t say how high it was though!). Nevertheless, when […]

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Tags: Precious Metals