Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have […]
Year: 2021
Automotive MMI: US auto sales robust in April
The Automotive Monthly Metals Index (MMI) jumped by 8.1% for this month’s value, as US auto sales showed strength in April. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. US auto sales continue to show strength Automakers posted solid US sales results in April, even as the […]
This Morning in Metals: May MMO report; crude oil imports; IEA on critical minerals
This morning in metals news: MetalMiner released its May MMO report earlier this week; US crude oil imports from OPEC are down; and the International Energy Agency issued a report on clean energy and the expected surge in critical mineral demand. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
Construction MMI: Construction spending rises, ABI reflects second consecutive month of billings growth
The Construction Monthly Metals Index (MMI) jumped by 12.1% for this month’s reading, as construction spending picked up in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US construction spending rises US construction spending in March reached a […]
Dept. of Energy awards $19M for rare earths, critical minerals initiatives
The Biden administration taken another step to ease China’s current stranglehold on the rare earth element (REE) sector. These elements are a crucial ingredient in the manufacture of products for both civilians and the defense sector. Rare earths make their way into smartphones, computer hard drives, medical imaging equipment, electric vehicles, and missiles, aircraft guidance […]
Nickel prices rise but fail to catch up with other base metals market
Nickel prices and, as a result, stainless surcharges, remain in the doldrums this month, recovering only slightly from last month’s sharp sell-off. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Nickel prices drop in March Nickel’s bull story took a hit at the beginning of March by announcements from […]
This Morning in Metals: US steel capacity utilization rises to 78.7%
This morning in metals news: US steel capacity utilization picked up to 78.7% last week; the US Census Bureau reported US goods and services trade figures for March; and Ford released its April sales totals. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals […]
This Morning in Metals: U.S. Steel ends $1.5B plans to upgrade Mon Valley Works
This morning in metals news: U.S. Steel announced it is ending plans for $1.5 billion in upgrades to the Mon Valley Works site; the Census Bureau reported construction spending figures for March; and the copper price has heated up once again. Do you know the five best practices of sourcing metals, including steel? U.S. Steel […]
As electric vehicles continue to surge, cobalt prices also rise
The prospect of buying an electric vehicle (EV) may fill you with anxiety. That is, range anxiety, charging point anxiety, reliability anxiety and resale anxiety. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Sales rise despite electric vehicle anxieties […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]