This morning in metals news: the iron ore price is surging amid a Pilbara Ports Authority cyclone warning; Steel Dynamics shares jumped; and Rio Tinto declared a maiden ore reserve at a project in western Serbia. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with […]
Fouad Egbaria
Construction MMI: U.S. construction spending rises 3.7% year over year
The Construction Monthly Metals Index (MMI) rose 4.9% for this month’s index value, as U.S. construction spending showed recent gains. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. U.S. construction spending U.S. construction spending in October 2020 reached a seasonally adjusted annual rate of $1,438.50 billion, the Census Bureau […]
This Morning in Metals: Finished steel import market share 18% in November
This morning in metals news: the American Iron and Steel Association (AISI) reported on November import data, including the month’s finished steel import market share; China’s Baosteel is working on a new project; and Norsk Hydro has signed two MoUs for renewable power projects in Brazil. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter […]
Automotive MMI: Ford returns to monthly sales reporting
The Automotive Monthly Metals Index (MMI) gained 9.6% for this month’s index value, as U.S. auto sales continue to show resilience. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. U.S. auto sales General Motors switched from monthly to quarterly sales reporting in 2018; Ford followed suit […]
This Morning in Metals: ArcelorMittal completes sale of ArcelorMittal USA to Cleveland-Cliffs
This morning in metals news: ArcelorMittal officially completed the sale of ArcelorMittal USA to Cleveland-Cliffs; the Energy Information Administration (EIA) projects energy-related carbon dioxide emissions to fall this year; and the copper price continues its long-term rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. […]
This Morning in Metals: U.S. Steel to acquire remaining equity of Big River Steel for $774 million
This morning in metals news: U.S. Steel today announced it will acquire the remaining equity of Big River Steel for $774 million; meanwhile, the U.S. steel sector’s capacity utilization rate for the week ended Dec. 5 reached 71.4%; and, finally, the Aluminum Association recently penned a letter to Secretary of Commerce Wilbur Ross criticizing the […]
Global crude steel production rises 7% in October, paced by China
Not surprisingly, China paced a significant jump in October 2020 crude steel production. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! October 2020 crude steel production up 7% October 2020 global crude steel production has bounced back after a down spring […]
U.S. steel imports rise 27% in October
U.S. steel imports totaled 1.4 million metric tons in October, up from 1.1 million metric tons the previous month, the Census Bureau reported. Do you know the five best practices of sourcing metals including steel? U.S. steel imports pick up Although U.S. steel imports are down for the year, October imports picked up. U.S. steel […]
Happy Thanksgiving from the MetalMiner team
While you may be busy putting the finishing touches on your Thanksgiving spread and, subsequently, taking a turkey-induced nap, you might find some time to revisit this week’s coverage, including industrial production figures, aluminum analysis and much more: October industrial production rose, per the Federal Reserve. LME aluminum prices continue to rise. The United States […]
This Morning in Metals: Norsk Hydro begins production restarts at Husnes B-line
This morning in metals news: Norsk Hydro recently resumed production at its Husnes aluminum plant; the Census Bureau recently released the latest data on new housing starts; and copper prices continue to rise. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Norsk Hydro resumes production at Husnes B-line Oslo-based […]