This morning in metals news: job openings and new hires fell in August, the Census Bureau reported; steel producers in the U.K. are warning of an energy-related crisis; and, lastly, Liberty Steel received a £50 million boost that it says will preserve about 660 jobs. Stay up to date on MetalMiner with weekly updates – […]
Year: 2021
ArcelorMittal adds €50 surcharge on European longs products
ArcelorMittal plans to introduce a €50 ($58) surcharge on all of its long products in Europe in order to account for sharply rising energy prices, an official with the Luxembourg-headquartered group said. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. ArcelorMittal introduces new surcharge “The price […]
Raw Steels MMI: Steel prices settle going into the fourth quarter
The Raw Steels Monthly Metals Index (MMI) dropped by 2.4%, as most forms of steel around the world declined, despite coking coal prices being at all-time highs. Do you know the five best practices of sourcing metals, including steel? Global steel production According to the World Steel Association, global steel production declined for the fourth […]
Aluminum MMI: Aluminum remains high but stays below all-time high
The Aluminum Monthly Metals Index (MMI) went up by 3.1% this month, as all forms of aluminum jumped this month. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Primary capacity interest Historically high prices, increasing demand and production cuts in China have opened a window of opportunity […]
This Morning in Metals: Anglo American explores integrating hydrogen into South African economy
This morning in metals news: miner Anglo American announced the results of a feasibility exploring the potential for hydrogen in the South African economy; General Motors last week announced plans to double its revenue; and, lastly, steel prices have showed signs of flatlining of late. Stay up to date on MetalMiner with weekly updates – […]
Week in Review: Energy crisis in China, India; auto sales; copper demand doubts
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: Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. Week of Oct. 4-8 Stuart Burns on the energy crisis in China. […]
This Morning in Metals: Nonfarm payroll employment rises by 194,000
This morning in metals news: U.S. nonfarm payroll employment rose by 194,000 jobs in September; meanwhile, U.S. Steel had another spill from a plant in Northwest Indiana; and, finally, U.S. gasoline exports reached seasonal highs in May, June and July. Get social with us. Follow MetalMiner on LinkedIn. Nonfarm payroll employment rises Nonfarm payroll employment […]
Copper MMI: Copper demand doubts affect prices
The Copper Monthly Metals Index (MMI) fell 1.7%, as the copper demand picture could be set to weaken and the LME three-month and China primary cash prices fell month over month. Want MetalMiner directly in your inbox? Sign up for weekly updates now. The Fed effect and Congress delays As the Federal Reserve prepares to […]
Thyssenkrupp Steel restarts blast furnace at Duisburg plant
Thyssenkrupp Steel (TKS) has restarted at the Duisburg plant its blast furnace No. 1. The restart comes after a three-month stoppage for a partial reline, the German steelmaker and flats producer announced. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and part suppliers. Explore the models […]
Europe follows China, India in battling rising energy costs
We have written twice over the last week concerning the energy crunch, first in China and then India. Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing. The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a […]