This morning in metals news: the U.S. steel capacity utilization rate fell to 83.2% last week; North American Stainless maintained its stainless steel fuel surcharge; and, lastly, crude oil prices have lost steam this week. Each month, MetalMiner hosts a webinar on a specific metals topic. The MetalMiner team will discuss price predictions for 2022 […]
Fouad Egbaria
Aluminum supply to get boost from Alcoa restart; Midwest premium eases
Recently, MetalMiner’s Stuart Burns delved into the aluminum market deficit, one in which limited aluminum supply and elevated delivery premiums have been persistent features. However, perhaps to some aluminum buyers’ relief, some supply is coming back online next year. Each month, MetalMiner hosts a webinar on a specific metals topic. Sign up for the last […]
This Morning in Metals: GM buys stake in electric boating company
This morning in metals news: General Motors announced it had purchased a stake in Pure Watercraft, a firm specializing in “all-electric boating solutions”; aluminum prices ticked up ahead of Thanksgiving; and, lastly, Thyssenkrupp commissioned its 35th EnviNOx® system, which reduces nitrous oxide emissions. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
This Morning in Metals: US GDP up 2.1% in Q3, BEA reports in second estimate
This morning in metals news: U.S. GDP increased by 2.1% in Q3 2021, the Bureau of Economic Analysis reported in its latest estimate; new home sales increased in October; and, lastly, average U.S. gasoline prices are higher this Thanksgiving holiday than any since 2012. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
Global steel production falls 10.6%; steel prices soften but remain elevated
Yesterday, MetalMiner’s Stuart Burns touched on the aluminum market and plummeting inventories, a trend in stark contrast to former times of plenty. Meanwhile, in the steel market, global crude steel production totaled 145.7 million metric tons in October, the World Steel Association reported. Do you know the five best practices of sourcing metals, including steel? […]
This Morning in Metals: Construction to begin Q2 2022 for Norsk Hydro aluminum recycling plant in Michigan
This morning in metals news: Norsk Hydro plans to begin construction on its new aluminum recycling plant in Cassopolis, Michigan, in Q2 2022; meanwhile, U.S. utilities are spending more on electricity delivery; and, lastly, the United States International Trade Commission recently voted to continue investigations regarding imports of oil country tubular goods from Argentina, Mexico, […]
Guest Post: America’s stainless steel shortage
(Editor’s note: The following is a guest post from C.J. Nord, C.P.M., CSCP, founder of the nonprofit Supply Chains for Good, and Harry Moser, founder and president of the Reshoring Initiative.) Don’t hold out hope for the U.S.’s stainless steel shortage to get better until you know of new supply coming online. There appear to […]
ICSG: Copper mine production up 3.3% through eight months
Global copper mine production increased by 3.3% through the first eight months of the year, the International Copper Study Group reported today. Meanwhile, copper prices have stabilized somewhat this month after plunging in late October. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Copper mine production Global copper concentrate production […]
This Morning in Metals: Nucor to add blast and prime line at Kentucky plate mill
This morning in metals news: Nucor Corporation announced it is adding a blast and plate line at its under-construction Kentucky plate mill; aluminum prices have stabilized somewhat after plunging in late October and early November; and, lastly, job openings rates decreased in 12 states in November. MetalMiner has launched a full suite of precious metals […]
Ford, GlobalFoundries to collaborate on semiconductor supply
Among a litany of the challenges, the ongoing semiconductor shortage has weighed on U.S. automotive manufacturers. Despite solid demand, sales have faced strong headwinds from the part shortages, paired with low showroom inventories. In turn, automakers, including Ford Motor Co., have idled production at various points over the last year. The Detroit automaker idled production […]
