The Stainless Monthly Metals Index (MMI) rose by 4.3% for this month’s reading, as news of a supply deal by China’s Tsingshan Holding Group helped push the nickel price downward. Sick of not finding good price indexes for stainless steel? Check out the MetalMiner stainless steel should-cost model — detailed price-per-pound info for grade, form, […]
Year: 2021
Raw Steels MMI: As steel price gains slow, could a peak be near?
The Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow. Steel price gains appear to slow Steel price rises have continued, much to the chagrin of buyers battling for hard-to-get supply. However, the pace of the price gains has started […]
Week in Review: ArcelorMittal and GFG; copper prices; China’s Five-Year Plan
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of ArcelorMittal, copper prices, China’s latest five-year plan and much more: Week of March 8-12 (ArcelorMittal, China’s Five-Year Plan and more) Australia’s Lynas Rare Earths reported its half-year […]
This Morning in Metals: ArcelorMittal reportedly asks for cash upfront to supply GFG mills
This morning in metals news: amid GFG Alliance’s financial crisis, ArcelorMittal has reportedly asked for cash upfront to supply Sanjeev Gupta’s steel mills; meanwhile, a so-called “green hydrogen” facility in Germany has started operations; and, finally, the LME three-month aluminum price has trended sideways this month. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in […]
Copper MMI: Traders take profits after copper price surges to 10-year high
The Copper Monthly Metals Index (MMI) picked up by 12.6% for this month’s reading, as the copper price surged to a 10-year high last month. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper price rise The copper price […]
OPEC producers walk a fine line amid oil price run-up
This time last year, Saudi Arabia all but announced war on America’s fracking industry and major OPEC+ partner Russia by releasing a flood of oil onto the world market just as the pandemic was getting underway. The pandemic, among other impacts, led to a plunge in oil demand. The unprecedented collapse in prices took oil […]
This Morning in Metals: US Court of International Trade dismisses tariff exclusion challenge
This morning in metals news: the US Court of International Trade rejected a tariff exclusion process challenge; meanwhile, a metals trader ordered 10,000 tons of copper blister and got something else; and, finally, aluminum is gaining popularity as a material for outdoor living products. US Court of International Trade rules on Section 232 tariff exclusion […]
Aluminum MMI: China’s latest five-year plan could support aluminum prices
The Aluminum Monthly Metals Index (MMI) picked up 6.3% for this month’s reading, as the China aluminum sector could get a price boost from the 14th Five-Year Plan. Furthermore, the Department of Commerce made anti-dumping and countervailing duty determinations on aluminum sheet. China’s 14th Five-Year Plan By virtue of its having the largest aluminum and […]
China’s steel industry facing increasing environmental constraints
Many areas, industries (including the China steel sector) and, indeed, societies are under threat from pollution. In many emerging markets, economic growth has come at the stark price of appalling levels of pollution. But the Financial Times suggested that in China, home of the largest steel and aluminum industries in the world by far, steel […]
This Morning in Metals: Nucor to build new tube mill in Midwest
This morning in metals news: Nucor announced plans to build a new tube mill in the Midwest; meanwhile, the Bureau of Labor Statistics released the Consumer Price Index summary for February; and the oil price pulled back slightly this week. Nucor to build new tube mill Nucor Corporation said Tuesday its Board of Directors had […]