Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper prices and the coronavirus’ impact; European steel consumption; Jingye’s British Steel takeover bid; U.S. steel production; automotive sales and more. Improve metal purchase timing and mitigate price […]
Fouad Egbaria
This Morning in Metals: China to halve tariffs on some U.S. products
This morning in metals news, China will slash tariffs it had imposed on a number of U.S. imports, copper’s slide continues and stainless steel manufacturer Outokumpu reported a stainless steel deliveries last year. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly metal buying outlook
Rare Earths MMI: Value of U.S. mining production rises 3% in 2019
The Rare Earths Monthly Metals Index (MMI) held flat this month for a February MMI reading of 20. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. mining production rises in 2019 According to the U.S. Geological Survey, the estimated value of nonfuel mineral mining production […]
This Morning in Metals: U.S. trade deficit shrank by 1.7% in 2019
This morning in metals news, the U.S. trade deficit fell for the first time in six years last year, ArcelorMittal released its Q4 and full-year 2019 financials, and two Novelis plants in Europe gained ASI certifications. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
Construction MMI: U.S. construction spending drops 0.2%
The Construction Monthly Metals Index (MMI) traded flat this month for a February MMI reading of 79. Request a 30-minute demo of the MetalMiner Insights platform now. U.S. construction spending U.S. spending on construction reached a seasonally adjusted annual rate of $1,327.7 billion in December, marking a 0.2% drop from November but a 5.0% increase […]
This Morning in Metals: U.S. goods and services deficit hits $48.9B in December
This morning in metals news, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis released the U.S. goods and services deficit for December, President Donald Trump delivered the State of the Union address Tuesday night and the CEO of a Kentucky aluminum company is out. Metal prices fluctuate. Key is knowing when and […]
Automotive MMI: 2019 U.S. sales down; Nissan moves to quarterly reporting
The Automotive Monthly Metals Index (MMI) fell three points for a February MMI reading of 86. Generate hard savings on your metal buys year-round; trial MetalMiner’s monthly outlook report U.S. automotive sales General Motors is scheduled to announce its Q4 and full-year 2019 sales results today at 8 a.m. ET. Ford, meanwhile, reported fourth-quarter sales […]
This Morning in Metals: Glencore’s ’19 copper production down 6%, cobalt up 10%
This morning in metals news, miner Glencore released its 2019 production results, the coronavirus fallout continues and U.S. Steel is planning to temporarily close its Gary Works No. 4 blast furnace in April. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
U.S. steel production jumps 1.9% year over year
U.S. steel production for the week ending Feb. 1, 2020, reached 1.91 million tons, up 1.9% from production during the same week in 2019, according to weekly data released by the American Iron and Steel Institute (AISI). Production for the week ending Feb. 1, 2020, came in at a capacity utilization rate of 82.1%. Better […]
This Morning in Metals: U.S. construction spending falls 0.2% in December
This morning in metals news, U.S. construction spending dipped in the final month of 2019, China’s top electric vehicle battery maker has signed a supply deal with Tesla and Caterpillar recently reported its fourth-quarter and full-year 2019 financial results. Request a 30-minute demo of the MetalMiner Insights platform now.