This morning in metals news: the union representing workers at the Escondida copper mine rejected BHP’s latest contract offer; meanwhile, U.S. construction spending ticked up in June; and, lastly, productivity increased in a majority of wholesale and retail trade industries last year. You want more MetalMiner on your terms. Sign up for weekly email updates […]
Year: 2021
Tata Steel to raise carbon surcharge on new contracts beginning Sept. 1
Tata Steel Europe (TSE) plans to raise from Sept. 1 its carbon surcharge on new contracts concluded for flat rolled steel products, an official with the company said. “The surcharge is in line with the [European Union’s] Emissions Trading Scheme” for carbon regulation, the official told MetalMiner late last week. You want more MetalMiner on […]
Week in Review: Stainless demand; global crude steel production; tin prices
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 stainless demand, a drop in global crude steel production and much more: We know what you should be paying for metals — MetalMiner should-cost models are the ultimate savings […]
This Morning in Metals: China raises export tariffs for steels
This morning in metals news: China opted to increase export tariffs on some steel products; meanwhile, Glencore released its first-half production results; and, lastly, U.S. personal income increased slightly in June. Want MetalMiner directly in your inbox? Sign up for weekly updates now. China boosts steel export tariffs China has raised export tariffs for some […]
Elevated US Midwest aluminum premium is here to stay
A recent post from the Russian news agency Interfax paints a predictably conciliatory line on the impact of Russia’s export tariffs on RUSAL. The post faithfully reports RUSAL’S complaints that the introduction of export duties will make some of the group’s export supplies unprofitable. It add that it may force the company to mothball a […]
This Morning in Metals: US GDP rises by estimated 6.5% in Q2
This morning in metals news: according to the Bureau of Economic Analysis, U.S. gross domestic product rose by an estimated 6.5% in the second quarter; meanwhile, the American Iron and Steel Institute (AISI) commented on the Biden administration’s infrastructure deal; and, lastly, copper prices have found some support this week. MetalMiner should-cost models: Give your […]
Federal Reserve holds off on rate increases, touts strengthening economy
For those keeping an eye on monetary policy, for now the Federal Reserve is maintaining the status quo vis-á-vis federal funds rates. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Federal Reserve holds funds rate at 0-0.25% As the […]
How much should a city trash can really cost?
Walk down just about any major city in the United States and, eventually, you’ll walk past a city-installed garbage can. Maybe you’ll see a classic black trash receptacle, with the black vertical paneling and open top. Or, maybe, you might see a trash receptacle with a top-side lid that opens and closes (like you might […]
This Morning in Metals: Rio Tinto commits $2.4B in funding for Serbia lithium project
This morning in metals news: miner Rio Tinto said it had committed funding of $2.4 billion toward the Jadar lithium-borates project in Serbia; meanwhile, the U.S. international trade in goods deficit rose in June; and, finally, the United States International Trade Commission determined imports of metal lockers from China materially injure U.S. industry. Want MetalMiner […]
June global crude steel production drops 4.0% month over month
While global steel production levels remain well ahead of levels seen at the same time last year — when the COVID-19 was still only in its early days and demand had not yet had a chance to bounce back — output levels in June did fall compared with the previous month. According to the World […]