This morning in metals news: global alumina production rose 2.7% year over year in August; China’s industrial profits fell through the first eight months of the year; and nickel prices have taken a dive over the last month. Check if your service center is providing you with price transparency for your aluminum spend. Global alumina […]
Fouad Egbaria
Construction MMI: August 2020 construction spending up 1.4%
The Construction Monthly Metals Index (MMI) held flat this month, showing no movement from last month’s index value, as August 2020 construction spending picked up from the previous month. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. August 2020 construction spending August 2020 […]
This Morning in Metals: Brazil’s iron ore exports surge
This morning in metals news: Brazil’s iron ore exports are on the rise; Outokumpu last week announced the initiation of a turnaround plans for its long products business area; and, finally, the world’s first marine superchargers will use recycled aluminum from Norsk Hydro. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
Automotive MMI: Despite low inventory, Q3 2020 automotive sales show improvement
The Automotive Monthly Metals Index (MMI) gained 2.2% for this month’s index value, as Q3 2020 automotive sales showcased some basis for optimism. 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 […]
Week in Review: Cleveland-Cliffs’ acquisition; primary aluminum production; Hurricane Laura hits oil output
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, including: Cleveland-Cliffs’ acquisition of ArcelorMittal USA; a breakdown of the British automotive manufacturing sector’s struggles; the PSA–Fiat Chrysler merger; primary aluminum production; the U.S. steel capacity utilization rate; and Hurricane […]
This Morning in Metals: Hurricane Laura hits Gulf crude oil production
This morning in metals news: Hurricane Laura had the largest effect on Gulf of Mexico crude oil production of any hurricane since 2008, according to the Energy Information Administration (EIA); U.S. imports of standard pipe and tin plate from Thailand and China, respectively, surged from May-July; and tech companies could call the site of the […]
U.S. steel capacity utilization rate rises to 66.1%
The U.S. steel sector’s capacity utilization rate rose to 66.1% for the week ending Sept. 26, the American Iron and Steel Institute (AISI) reported. Are you under pressure to generate steel cost savings? Make sure you are following these 5 best practices! U.S. steel capacity utilization gains The rate marked a 1.6 percentage point jump […]
This Morning in Metals: Trump signs executive order to boost mining industry
This morning in metals news: President Donald Trump signed an executive order declaring a national emergency for the mining industry; Vale this week announced the suspension of one of its iron ore operations; and the site of an old steel plant in Chicago is getting a new look. Sign up today for Gunpowder, MetalMiner’s free, […]
This Morning in Metals: Union leaders express optimism over ArcelorMittal USA sale to Cleveland-Cliffs
This morning in metals news: local union leaders have reportedly expressed optimism regarding this week’s announced sale of ArcelorMittal USA to Cleveland-Cliffs; the United States International Trade Commission will launch a Section 337 investigation covering electronic stud finders, metal detectors and electrical scanners; and the Bureau of Labor Statistics today released data on jobless rates. […]
Primary aluminum production rises 2.6% year over year in August
Global primary aluminum production reached 5.49 million tons in August, flat compared with the previous month, the International Aluminum Institute reported. However, aluminum output increased on a year-over-year basis, rising from the 5.35 million tons produced in August 2019. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five […]