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: Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Week of Sept. 27-Oct. 1 Automakers see 2022 steel price […]
Year: 2021
This Morning in Metals: China problems weaken London copper price; Sigma Broking to join LME ring; Monthly Metal Outlook comes out today
This morning in metals news: Events in China are affecting the copper market; the London Metals Exchange may get a new member to its ring, the influential trading group that may be facing more changes itself; and look for our MMO today. Are you under pressure to generate steel cost savings? Make sure you are […]
Like steel, global aluminum production slides
Just as global steel producers have slowed in the past few months, global aluminum production has also dropped and aluminum prices recently touched a 13-year high. You want more MetalMiner on your terms. Sign up for weekly email updates here. Global aluminum production drops Amid surging aluminum prices, global aluminum production dropped in August, the […]
Global crude steel production down in August, China’s drops 5.3%
Global crude steel production fell by 1.4% year over year in August, the World Steel Association reported. Do you know which market conditions are best with different steel contracting mechanisms? Check out our best practices on this topic. Global crude steel production falls, including in China Global crude steel production fell by 1.4% to 156.8 […]
Carbon Steel 2022: What types of steel contracts to set up and when to execute them
Rising steel prices have sounded like a broken record. As we get closer to 2022, will we ever see them peak?
Increased steel capacity will certainly play a role as 2021 comes to an end. But don’t take our word for it — just yet. Join VP, Business Solutions Don Hauser and Nichole Bastin, Forecast Analyst, for their insights during the September monthly webinar. Don and Nichole will walk through 2022 buying strategies and discuss the impact of new capacity on steel prices.
With more than a decade of experience negotiating over $300 million of annual global steel purchases at John Deere, Don surely knows a thing or two about steel.
Department of Commerce launches Section 232 neodymium magnets probe
The Department of Commerce has initiated a Section 232 investigation covering neodymium-iron-boron magnets, the department announced Sept. 24. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Section 232 investigation to cover neodymium magnets The Trump administration used Section 232 of the Trade Expansion Act of 1962 to […]
This Morning in Metals: Steel capacity utilization rises to 85.2%
This morning in metals news: U.S. steel capacity utilization reached 85.2% for the week ending Sept. 25; meanwhile, most planned U.S. battery storage additions in the next few years will be paired with solar; and, lastly, unemployment rates in August declined in nearly all metropolitan areas. Steel prices have been rising for over a year, […]
Nuclear to power Poland’s copper production
Europe’s drive to reduce carbon emissions is taking many forms, from government support for R&D to investment in electric vehicle (EV) charging structures, hydrogen fuel technology and infrastructure, to name just a few. So much for the carrots. On the stick side, the E.U. has a carbon emissions trading scheme that grants credits to major […]
This Morning in Metals: Intel breaks ground on semiconductor factories in Arizona
This morning in metals news: Intel on Friday broke ground on two new chip factories in Arizona; meanwhile, a spill Sunday at from a U.S. Steel plant in Northwest Indiana led to the closure of beaches in the area; and, lastly, the aluminum price has taken a breather during the second half of the month […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]