This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot […]
Fouad Egbaria
This Morning in Metals: China’s Baowu to take majority stake in TISCO
This morning in metals news: Chinese steelmaker Baowu Steel plans to take over stainless steel maker TISCO; Alliance Steel is moving to its new headquarters in Gary, Indiana; and miner Antofagasta released first-half financial figures. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Baowu to […]
This Morning in Metals: Rio Tinto revises copper guidance downward amid Kennecott delays
This morning in metals news: miner Rio Tinto revised its 2020 refined copper output guidance; Tokyo Steel resumed exports to China for the first time in a decade; and the future is uncertain for Liberty Steel’s Georgetown steel mill. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates — without the sales […]
Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices
If you’ve visited MetalMiner recently, you might have noticed some changes to our aluminum, carbon steel and stainless steel price landing pages. The pages can be found from the homepage’s top menu under “Metal Prices.” As of this month, visitors to these pages can now find a modified, interactive price chart modeling the LME three-month […]
This Morning in Metals: EVRAZ to move ahead with $500M Colorado steel plant expansion
This morning in metals news: EVRAZ will expand its Pueblo, Colorado plant to the tune of approximately $500 million; copper prices surged yesterday; and the Department of Commerce made a preliminary determination in its countervailing subsidy probe of small vertical engine imports from China. We’re offering timely emails with exclusive analyst commentary and some best […]
Beating forecast, U.S. housing starts surge in July to pre-pandemic levels
While there haven’t been many economic bright spots during the coronavirus pandemic, U.S. housing starts in July might inspire some optimism. U.S. housing starts in July reached a seasonally adjusted annual rate of 1.496 million, according to the Census Bureau and Department of Housing and Urban Development. In a recent Reuters poll, economists had forecast […]
This Morning in Metals: U.S. steel capacity utilization rises to 61.5%
This morning in metals news: the U.S. steel sector’s capacity utilization gained once again last month; iron ore futures made gains; and Tokyo Steel Manufacturing Co is keeping its prices steady. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? U.S. steel capacity rises to 61.5% Continuing the recent theme, […]
This Morning in Metals: Liberty Steel to acquire French steel assets
This morning in metals news: Liberty Steel Group announced it plans to acquire several French steel assets; the nationwide aluminum can shortage is impacting brewers; and the United States Trade Representative (USTR) last week announced changes to its $7.5 billion tariff package on European goods. Stay up to date on MetalMiner with weekly, monthly, or […]
Renewables/GOES MMI: China’s Huayou Cobalt pauses purchases from two Congo mines
The Renewables Monthly Metals Index (MMI) held flat for this month’s MMI value. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) Want more metals analysis in your inbox? Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Chinese firm to pause purchasing from two Congo artisanal mines […]
This Morning in Metals: ArcelorMittal, Nippon Steel to build EAF at Alabama plant
This morning in metals news: ArcelorMittal announced plans to build an electric arc furnace at its joint venture steelmaking facility in Calvert, Alabama; the state of Alabama is kicking in some incentives for the project; and China churned out a record amount of crude steel in July. Stop obsessing about the actual forecasted steel price. […]