As has been well documented by now, demand for a wide variety of materials plunged on the heels of the onset of the COVID-19 pandemic last year. Among those materials, of course, is steel. Consumer demand for steel-using products declined and construction projects came to a halt. However, data from the European Steel Association show […]
Fouad Egbaria
This Morning in Metals: Hurricane Ida slams Louisiana
This morning in metals news: Hurricane Ida made landfall in Louisiana on Sunday; copper prices have bounced back in the final third of August; and, lastly, Alro Steel has acquired metal distributor and service center Metal Stock. You want more MetalMiner on your terms. Sign up for weekly email updates here. Hurricane Ida hits Louisiana […]
Week in Review: Lithium-ion batteries; Chinese steel merger; Rio Tinto resumes labor talks at BC Works
Before the weekend, let’s take a look back at the week that was and the metals storylines on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 23-27 (lithium-ion battery challenges, Chinese steel merger and much […]
This Morning in Metals: Rio Tinto, union resume negotiations at BC Works
This morning in metals news: Rio Tinto this week returning to the negotiating table with the union representing workers at the BC Works aluminum smelter; meanwhile, the Bureau of Labor Statistics reported multifactor productivity fell in 61 of the 84 manufacturing industries in 2019; and, lastly, miner BHP earlier this month reported its financial results […]
Global crude steel production drops for second straight month
Global crude steel production fell month over month for the second straight month in July, the World Steel Association reported this week. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. Global crude steel production […]
This Morning in Metals: Norsk Hydro, Panasonic, Equinor extend battery partnership
This morning in metals news: Norsk Hydro announced it is extending its partnership with Equinor and Panasonic; meanwhile, North American Stainless earlier this month issued a flat product price announcement; and, lastly, aluminum prices remain elevated. More MetalMiner is available on LinkedIn. Norsk Hydro extends battery partnership Oslo-based aluminum maker Norsk Hydro yesterday announced it […]
July witnesses an increase in steel imports to the United States, driven by a surge in blooms, billets, and slabs
U.S. steel imports totaled 2.7 million metric tons in July, the Census Bureau reported this week. The total marked an increase from 2.6 million metric tons in June. Are you under pressure to generate steel cost savings? Make sure you are following these five best practices. US steel imports paced by blooms, billets and slabs […]
Global aluminum production picks up in July
Global aluminum production totaled 5.75 million tons in July, the International Aluminum Institute (IAI) reported this month. The monthly total marked an increase from 5.57 million tons in June. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. China aluminum production rises in July China, the […]
This Morning in Metals: US steel imports up 17.4% this year
This morning in metals news: U.S. steel imports are up by 17.4% in the year to date, the American Iron and Steel Institute reported; meanwhile, Toyota Motor is imposing its biggest price hike on steel materials in over a decade, according to Nikkei Asia; and, lastly, the WTI crude oil price has ticked up this […]
This Morning in Metals: Norsk Hydro to expand capacity at Sjunnen extrusion plant
This morning in metals news: Norsk Hydro plans to expand capacity at its Sjunnen aluminum extrusion plant; the Pilbara Ports Authority reported a decline in throughput in July; and, lastly, the United States International Trade Commission conducted a five-year sunset review on existing duty orders for carbon and alloy steel standard, line and pressure pipe […]
