This morning in metals news: the U.S. steel capacity utilization rate rose to 85.3% for the week ending Sept. 11; Norsk Hydro signed an energy deal; and, lastly, aluminum prices have continued to skyrocket. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Steel capacity utilization rises […]
Fouad Egbaria
This Morning in Metals: Global aluminum production jumps in July
This morning in metals news: global aluminum production picked up in July; the WTI crude price continues to hover around $70 per barrel; and, lastly, the Producer Price Index for final demand increased by 0.7% in August. Want MetalMiner directly in your inbox? Sign up for weekly updates now. Aluminum production increases in July Global […]
This Morning in Metals: Steel capacity utilization hits 84.5%
This morning in metals news: U.S. steel capacity utilization dropped slightly last week; the number of drilled but uncompleted oil wells in the U.S. declined in July; and, lastly, the construction sector shed 3,000 jobs in August. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. […]
Week in Review: EU steel consumption; construction spending; retail gas 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: Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Week of Aug. 30-Sept. 3 The Port of […]
This Morning in Metals: Pre-Labor Day retail gas prices at highest level since 2014
This morning in metals news: pre-Labor Day retail gasoline prices are at their highest level in seven years; meanwhile, payroll employment rose by 235,000 in August; and, lastly, Norilsk Nickel has signed an agreement to build a liquefied natural gas icebreaker. You want more MetalMiner on your terms. Sign up for weekly email updates here. […]
Automotive MMI: Auto sales slump in August as inventory lags, semiconductor shortage continues
The Automotive Monthly Metals Index (MMI) fell by 1.4% for this month’s MMI reading. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US auto sales Ford Motor Co. reported its August retail sales increased by 6.5% from the previous month. However, […]
This Morning in Metals: New orders for manufactured goods rise in July
This morning in metals news: new orders for manufactured goods posted an increase in July from the previous month; meanwhile, U.S. productivity rose by 2.1% in Q2 2021; and, lastly, the U.S. goods and services trade deficit fell from June to July. Want MetalMiner directly in your inbox? Sign up for weekly updates now. New […]
This Morning in Metals: U.S. construction spending ticks up in July
This morning in metals news: U.S. construction spending ticked up by 0.3% in July, the Census Bureau reported; meanwhile, unemployment rates declined in 388 of 389 metropolitan areas of the U.S. in July compared with July 2020; and, lastly, shale natural gas production from the Appalachian Basin hit record levels in the first half of […]
Surging battery metals demand squeezes supply, Sibanye-Stillwater says
While much of the world still depends on fossil fuels, demand for battery metals is surging. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Battery metal demand on the rise South African platinum and palladium producer Sibanye-Stillwater said increasing […]
This Morning in Metals: Steel capacity utilization dips to 84.9%
This morning in metals news: U.S. steel capacity utilization dipped to 84.9% last week; North American Stainless said it is maintaining fuel surcharge; and, lastly, RUSAL earlier this month reported its interim H1 2021 results. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Steel capacity utilization […]
