U.S. steel capacity utilization picked back up to 85.0% for the week ending Aug. 21, the American Iron and Steel Institute (AISI) reported. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Steel capacity rises U.S. steel capacity […]
Fouad Egbaria
ICSG: Copper mine production up 4.8% through May 2021
While copper mine supply concerns have cropped up of late — as MetalMiner’s Stuart Burns explained recently — output during the first five months of the year rose by 4.8%, the International Copper Study Group reported Friday. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
This Morning in Metals: Chinese steelmakers Ansteel, Ben Gang to merge
This morning in metals news: two Chinese steelmakers are merging to form the world’s third-largest steelmaker; the LME aluminum price lost some ground last week; and, lastly, July construction employment continued to lag in the U.S. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of […]
Week in Review: Shipping sector woes; oil prices fall; Toyota announces production cuts
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: Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Week of Aug. 16-20 […]
This Morning in Metals: Toyota announces production cuts amid chip shortage
This morning in metals news: Toyota this week announced plans to slash production amid the ongoing global semiconductor shortage; unemployment rates fell in 17 states in July; and, lastly, U.S. large-scale battery storage capacity increased by 35% in 2020. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying […]
This Morning in Metals: SSAB touts world’s first ‘fossil-free’ steel
This morning in metals news: Sweden’s SSAB has hailed the delivery this week of its first shipment of fossil-free steel; copper prices have been sliding; and, lastly, electricity demand soared last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
US housing starts drop 7.0% in July
Housing starts fell by 7.0% in July from the previous month, the U.S. Census Bureau reported Wednesday. 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. Housing starts slide in July According to the Census […]
This Morning in Metals: Industrial production rises in July
This morning in metals news: U.S. industrial production picked up in July; the Energy Information Administration revised downward its OPEC petroleum production forecast; and, lastly, Russia’s Rusal recently announced its half-year results. 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. Industrial […]
This Morning in Metals: Steel capacity utilization dips to 84.7%
This morning in metals news: U.S. steel capacity utilization fell to 84.7% last week, the American Iron and Steel Institute reported; meanwhile, Glencore signed a cobalt supply deal with Britishvolt; and, lastly, the Department of Energy released a brief on investment in solar energy. Do you know which market conditions are best with different steel […]
This Morning in Metals: Natural gas exports to exceed imports this year, EIA forecasts
This morning in metals news: the Energy Information Administration forecast U.S. natural gas exports will exceed imports this year; aluminum prices remained near 10-year highs last week; and, finally, the Associated General Contractors of America reported on the rise in construction input costs. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
