This morning in metals news: new E.U. duties on iron and steel imports from Turkey take effect today; meanwhile, the Aluminum Association commented on President-elect Joe Biden’s nomination for the post of secretary of commerce; and natural gas prices fell to their lowest levels in decades last year. Cut-to-length adders. Width and gauge adders. Coatings. […]
Fouad Egbaria
This Morning in Metals: U.S. goods and services deficit hits $68.1M in November
This morning in metals news: the Census Bureau and Bureau of Economic Analysis reported the U.S. goods and services deficit totaled $68.1 billion in November; the Brazilian state of Minas Gerais is hoping to win a compensation deal from miner Vale; and the American Iron and Steel Institute released steel import data for December. MetalMiner […]
Construction MMI: U.S.’s November construction spending rises
The Construction Monthly Metals Index (MMI) ticked up 5.8% this month, as U.S. construction spending rose in November. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.S. construction spending U.S. construction spending reached a seasonally adjusted annual rate of $1,459.4 billion in November, the Census […]
This Morning in Metals: U.S. average retail gas price dropped to lowest since 2016 last year
This morning in metals news: U.S. average gas prices fell to their lowest level since 2016 last year; the U.S. Treasury announced sanctions against Iran’s steel industry; and Ford Motor Co. released its Q4 2020 U.S. sales results. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for […]
Automotive MMI: General Motors posts strong Q4 in U.S. sales
The Automotive Monthly Metals Index (MMI) jumped 4.9% for this month’s index reading, as General Motors posted a strong Q4 in the U.S. market. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. General Motors posts strong Q4 In the U.S., General Motors reported Q4 sales […]
This Morning in Metals: AISI releases first weekly raw steel production numbers of 2021
This morning in metals news: the American Iron and Steel Institute released its first report on U.S. raw steel production for 2021; Nippon Steel eyes its net-zero emissions goals; and, lastly, the U.S. hot-rolled coil price continues to surge. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting […]
This Morning in Metals: Ford, Mahindra end joint venture talks
This morning in metals news: Ford Motor Co. and Mahindra announced the mutual decision to end joint venture talks; the Energy Information Administration released its quarterly coal report; and, finally, the zinc price has retraced. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. Ford, Mahindra […]
This Morning in Metals: U.S. to adjust tariffs on E.U. products stemming from Boeing-Airbus dispute
This morning in metals news: the U.S. announced it will adjust its tariffs on E.U. products imposed last year; the U.S.’s renewable energy consumption surpassed that of coal for the first time since before 1885; and metals prices have retraced slightly this week. Find more insight on MetalMiner’s LinkedIn. U.S. adjusts tariffs on E.U. Last […]
This Morning in Metals: Steel imports down 22.1% through November
This morning in metals news: U.S. steel imports dropped 22.1% year over year through the first 11 months of the year; the U.S. international trade deficit rose by 5.5% from October to November; and global aluminum production totaled 5.47 million metric tons in November. Steel is cool. Follow us on LinkedIn to hang out with […]
Best of 2020: top copper posts of the year
Continuing our rundown of the best of 2020, let’s take a look back at the year that was for copper. Like other metals, copper suffered an early-year swoon. The LME three-month copper price fell to just over $4,600 per metric ton in late March, as nations around the world began to battle the early stages […]