The steel capacity utilization rate in the U.S. for the week ending Sept. 19 fell to 64.5%. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. Steel capacity utilization rate for week ending Sept. 19 drops The steel capacity utilization rate for the week […]
Fouad Egbaria
This Morning in Metals: U.S. Steel’s Q3 guidance features $100M loss
This morning in metals news: U.S. Steel’s Q3 guidance included a $100 million loss despite improving conditions; the United States International Trade Commission (USITC) made a sunset review determination related to kitchen appliance shelving and racks; and a subsidiary of Norsk Hydro entered into a contract with Spanish aluminum company Alu Iberica. We’re offering timely […]
Week in Review: DOC’s updated SIMA system; steel prices rise; iron ore takes a breather
This week’s coverage included coverage ranging from the announced update to SIMA, iron ore price movements and the U.S.’s decision to rescind the recently reimposed 10% Canadian aluminum tariff. Before we head into the weekend, let’s take a look back at the week that was and all the metals storylines here on MetalMiner. Stay up […]
This Morning in Metals: U.S. steel prices rise
This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you. Steel prices rise U.S. steel prices are on the rise, but […]
This Morning in Metals: USITC maintains duties on rebar from Mexico, Turkey
This morning in metals news: the USITC voted to maintain existing duties on steel rebar from Mexico and Turkey; the U.S. Census Bureau released the latest housing starts data; and General Motors released more information on its next-generation electric vehicle models. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
Global Precious MMI: After big gains, silver price holds steady … but could have room to rise
The Global Precious Monthly Metals Index (MMI) gained 3.0% for this month’s MMI value, as the silver price steadied in the second half of August. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up today. Silver surge Last month, MetalMiner’s […]
This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff
This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these […]
Renewables/GOES MMI: China aims to strengthen cobalt stockpile
The Renewables Monthly Metals Index (MMI) gained 4.2% for this month’s MMI value, as China’s cobalt stockpile leads this month’s report. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. China looks to […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
This Morning in Metals: Department of Commerce touts ‘enhanced’ steel import monitoring system
This morning in metals news: the Department of Commerce on Friday announced the rollout of an updated Steel Import Monitoring and Analysis (SIMA) system; Rio Tinto’s chief executive will step down; and, lastly, China’s steel exports are facing a growing number of anti-dumping probes. Do you know the five best practices of sourcing metals including […]