This morning in metals news: Nucor Corporation has reached an agreement to acquire the Precoat Metals Corporation’s paint line facility in Armorel, Arkansas; Constellium recently released its Q3 financial results; and the U.S. HRC price continues to rise. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Fouad Egbaria
Week in Review: China Manufacturing PMI dips; Europe faces rising coronavirus infections; new-vehicle retail sales forecast to rise
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including the China Manufacturing PMI, U.S. construction spending and Western European hot-rolled coil transactions: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of Nov. 2-6 […]
Construction MMI: U.S. construction spending up 4.1%
The Construction Monthly Metals Index (MMI) gained 3.8%, as U.S. construction spending rose 4.1% during the first nine months of 2020. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals […]
This Morning in Metals: U.S. imports of blooms, billets and slabs surge
This morning in metals news: the U.S. has seen rising imports of blooms, billets and slabs; the power sector’s coal consumption dropped significantly in the first half of this year; and copper prices trended sideways this week. Do you know the five best practices of sourcing metals, including steel? U.S. imports of blooms, billets and […]
Automotive MMI: New-vehicle retail sales in U.S. forecast to rise for second straight month
The Automotive Monthly Metals Index (MMI) gained 3.3% for this month’s MMI reading, as October 2020 auto sales made gains on a new-vehicle retail basis. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]
This Morning in Metals: Nickel price gains to start the week
This morning in metals news: the nickel price has gained to start the week; Reliance Steel and Aluminum Co. recently released its Q3 results; and, finally, the U.S. imported $19 billion in energy goods from Mexico last year. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
This Morning in Metals: Steel capacity utilization rate reaches 70.4%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ended Oct. 31 jumped to 70.4%; Cleveland-Cliffs said the Trump administration will take action under Section 232 vis-a-vis imports of laminations and imported grain-oriented electrical steel (GOES); and, finally, the LME three-month primary aluminum price picked up to start the […]
DOC: Steel cylinders from China dumped into U.S.
The Department of Commerce made a preliminary determination in its anti-dumping investigation covering non-refillable steel cylinders imported from China. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 […]
This Morning in Metals: China Manufacturing PMI falls slightly in October
This morning in metals news: the China Manufacturing Purchasing Managers’ Index (PMI) fell slightly from the previous month; Ford Motor Co. released its Q3 financial results; and, finally, Oslo-based Norsk Hydro recently released its Q3 financials. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
This Morning in Metals: Aluminum price retraces below $1,800/mt
This morning in metals news: The aluminum price retraced this week General Iron is building a new metal shredding home in Chicago Finally, the United States Geological Survey (USGS) reported estimates on undiscovered Gulf Coast Basin oil reserves The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]