Get a sneak peek of the MetalMiner Annual budgeting & forecasting workshop, a three-hour virtual event that will take place in August 2021. Get ready to plan for 2022!
Year: 2021
New orders, delivery backlogs high but sentiment sliding in Europe
Buyers sourcing product from Europe know that the manufacturing sector there has faced unprecedented levels of disruption and cost increases. The fact that European producers are facing major constraints to production, to supply chains and raising costs that are being passed along the supply chain is probably a widespread experience for U.S. consumers. But hopes […]
This Morning in Metals: Steel capacity utilization rises to 84.6%
This morning in metals news: the U.S. steel capacity utilization rate rose further to 84.6% last week; miner BHP announced a nickel supply agreement with Tesla; and, lastly, crude oil imports have been on the rise over the last four weeks. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
Tin prices soar to record levels
Tin prices have soared to a record high on the LME, closing last week at $34,177 per metric ton. The closing price marked an increase of 12.56% month over month. As we’ve noted in previous reports, increasing consumer demand for electronics has supported the tin price. Tin is also used a solder for joining pipes […]
US steel imports jump 13% in June
U.S. steel imports reached an estimated 2.6 million metric tons in June, the Census Bureau reported today. The total marked a jump of 13% from the 2.3 million metric tons the U.S. imported in May. US steel imports rise Furthermore, through May, U.S. steel imports totaled 10.7 million metric tons, up 7% from 10.0 million […]
This Morning in Metals: Steel Dynamics to invest in four new value-added flat rolled steel coating lines
This morning in metals news: Steel Dynamics Inc. released its second-quarter results, during which it tallied $4.5 billion in net sales; Nucor Corporation also released its Q2 results; and, lastly, miner Rio Tinto signed a renewable energy agreement in Madagascar. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
Stainless demand drives nickel prices
It is reassuring to see a metal price driven by good old fundamentals. With so much buzz around supercycles and electrification, the impact of the speculative element in pricing has been much in evidence this year for products like copper and oil. But according to a recent Reuters post, solid supply and demand fundamentals are […]
Week in Review: Exchanges tackle electrification; HRC momentum slows; MW premium hits record
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 competition between the COMEX and LME vis-á-vis electrification, consolidating copper prices, the upcoming MetalMiner 2020 Forecasting Workshop and much more: Each month, MetalMiner hosts a webinar on a specific […]
This Morning in Metals: South Korean steelmaker POSCO reports strong Q2
This morning in metals news: South Korean steelmaker POSCO reported its strongest operating profit in Q2 since Q3 2010; the United States International Trade Commission made a determination regarding steel wire mesh from Mexico; and, lastly, tin prices have been soaring. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should […]
Aluminum Midwest Premium hits record high
As if aluminum buyers didn’t have enough to contend with, including long mill lead times and rising conversion premiums, they are also dealing with a rising Midwest premium. Furthermore, Russia’s move to impose a 15% export tax on unwrought aluminum has had a profound impact on the Midwest delivery premium. Are you ready for your […]