This morning in metals news: miner Rio Tinto joined an effort in Japan promoting decarbonization transparency; the Nikkei Review reported automaker Nissan plans to use cobalt-free electric vehicle batteries by mid-decade; and British Prime Minister Boris Johnson weighed in on the Liberty Steel crisis. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
Year: 2021
Metals industry groups react to details of Biden’s American Jobs Plan
President Joe Biden released details of the so-called American Jobs Plan, which among its stated goals aims to modernize infrastructure, revitalize manufacturing and create what it says will be “millions” of jobs. The proposal will include an investment of approximately $2 trillion over the next 15 years, the White House said Wednesday. The MetalMiner Best […]
This Morning in Metals: Biden releases details of $2T American Jobs Plan
This morning in metals news: President Joe Biden unveiled details of the $2 trillion investment toward the American Jobs Plan; meanwhile, J.D. Power and LMC Automotive recently released their automotive sales forecast for March; and, lastly, Ford yesterday announced its first-ever integrated sustainability and financial report. The MetalMiner Best Practice Library offers a wealth of […]
US steel capacity utilization ticks up to 77.6%
After dipping slightly the previous week, US steel capacity utilization jumped to 77.6% for the week ending March 27, the American Iron and Steel Institute (AISI) reported. 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 steel capacity utilization […]
China, Russia see Suez Canal blockage as an opportunity
The weeklong blockage of the Suez Canal — coming as it does on top of a year of escalating ocean freight rates for the Asia-European trade, port congestion in both regions and shipping delays — has inevitably prompted debate about alternatives. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
This Morning in Metals: Chile’s industrial output, copper production fall in February
This morning in metals news: Chile’s INE reported the country’s industrial production, including copper production, fell in February; meanwhile, US automotive sales fell in February; and, lastly, the United States International Trade Commission made duty rulings on imports of silicon metal. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? […]
Tight supply continues to push hot rolled coil prices upward in Western Europe
Continued tight supply for hot rolled coil in Western Europe has further pushed up prices for the flat product over the past 10 days. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Hot rolled coil heats up Some producers’ offer prices from late last week are now at least […]
United Steelworkers announces ATI strike, citing ‘unfair labor practices’
The United Steelworkers union Monday announced a strike at nine Allegheny Technologies Inc. (ATI) facilities, citing what it calls “unfair labor practices.” The ATI strike, which began at 7 a.m. EDT Monday, marked the first at ATI since 1994, according to media reports. In addition, USW spokesperson Tony Montana told MetalMiner the strike involves workers […]
This Morning in Metals: Nucor to build new Kentucky tube mill
This morning in metals news: Nucor Corporation announced plans to build a new tube mill in Kentucky; meanwhile, US retail gasoline prices have been on the rise; and, lastly, unemployment rates in February fell in 23 states. You want more MetalMiner on your terms. Sign up for weekly email updates. Nucor to build new tube mill Nucor […]
Ever Given freed in Suez Canal, but ripple effect on trade will linger
As the days went by and the disruption from the blockage of the Suez Canal by the container vessel Ever Given increased, the implications became more and more severe. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Not all of those 360 vessels backed up waiting for […]