The Raw Steels Monthly Metals Index (MMI) rose by 12.7% month over month to 121, as scrap prices made gains this past month. U.S. steel prices continue to retreat from their 2021 peaks. At the start of the year, hot rolled coil prices sat almost 18% below the October high. US steelmakers invest in scrap […]
Category: Company News
This Morning in Metals: U.S. steel prices continue to cool
This morning in metals news: U.S. steel prices have continued to decline; OPEC will continue its output increase schedule in February 2022; and, lastly, Alcoa at the end of last year announced plans to curtail production at its San Ciprián aluminum smelter in Spain. Does your company have a steel buying strategy based on current […]
This Morning in Metals: Copper prices move sideways; construction employment rises; Northvolt assembles first lithium-ion battery cell at Swedish gigafactory
This morning in metals news: copper prices have moved sideways to close 2021; meanwhile, the U.S. construction sector added jobs in November; and, finally, Northvolt said it had produced the first lithium-ion battery cell at its gigafactory in Sweden. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, […]
This Morning in Metals: Aluminum prices rally; Rio Tinto to acquire lithium project; Biden signs proclamation adjusting steel imports
This morning in metals news: aluminum prices have rallied to close the year; Rio Tinto is acquiring a lithium mining project; and, lastly, the American Iron and Steel Institute commented on the president’s proclamation this week adjusting steel imports. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters […]
ArcelorMittal Nippon Steel to build 23 million ton per year steel facility
One of the world’s largest steelmakers, ArcelorMittal Nippon Steel, will invest ₹1 trillion (approx. U.S. $13 billion) to put up a 24 million ton per annum (MTPA) integrated greenfield steel facility in India’s eastern province of Odisha, India Today reported. The project will generate 16,000 direct employment opportunities and other related indirect employment jobs through […]
Thyssenkrupp continues to explore steel unit sale
Thyssenkrupp’s prospective plans to separate Thyssenkrupp Steel (TKS) into a standalone company indicate a plan to sell it, industry watchers said, though they questioned what kind of price the German conglomerate would ultimately receive. “Everybody knows that it has been an exceptional year,” one trader said about steel prices and demand. Are you under pressure […]
Week in Review: Steel prices decline; inflation’s impact on metals; US stainless steel output forecast to rise 16%
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including declining steel prices, a look at inflation’s impact on metals and much more: All the metals intelligence you need in one user-friendly platform with unlimited usage. Request a MetalMiner […]
This Morning in Metals: U.S. Steel releases Q4 guidance
This morning in metals news: U.S. Steel released its guidance for Q4 2021; U.S. job openings increased in 16 states in October; and, lastly, copper prices continue to trade sideways. Do you know the five best practices of sourcing metals, including steel? U.S. Steel releases Q4 guidance U.S. Steel said it expects its Q4 2021 […]
MetalMiner Spins Out as Alpha Commodities
GARY, Ind. – MetalMiner™, the leading metal market price intelligence brand and SaaS platform, providing forecasts, analysis and risk mitigation solutions for global manufacturers, has moved to newly incorporated Alpha Commodities, spinning out of parent company Azul Partners. Supply chain disruptions, lack of material availability, high prices and rampant inflation have wreaked havoc for manufacturers […]
This Morning in Metals: US steel capacity utilization up to 82.4%, steel prices cool
This morning in metals news: U.S. steel capacity utilization ticked up to 82.4% last week, as steel prices continue to cool; meanwhile, Nucor Corporation announced it is expanding its production footprint by acquiring majority ownership of California Steel Industries; and, lastly, U.S. stainless steel imports declined in October. Request a 30-minute demo of the MetalMiner […]
