This morning in metals news: ELYSIS, a joint venture of Alcoa and Rio Tinto, said it is one step closer to the production of carbon-free aluminum; the U.S. trade deficit in September reached $82.9 billion; and, lastly, aluminum and copper prices have leveled off after plunging to close October. MetalMiner has launched a full suite […]
Fouad Egbaria
This Morning in Metals: U.S. Steel reports Q3 net earnings of $1.5B
This morning in metals news: U.S. Steel reported its third-quarter earnings; new orders for manufactured goods increased in September; and, lastly, unemployment rates in September fell in 386 of 389 metropolitan areas. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. U.S. Steel reports Q3 earnings U.S. Steel reported […]
This Morning in Metals: US steel capacity utilization dips to 84.3%
This morning in metals news: U.S. steel capacity utilization dipped to 84.3% last week; the OECD reported global foreign direct investment (FDI) flows rebounded during the first half of 2021; and, lastly, the United States International Trade Commission conducted a five-year sunset review of duties on alloy magnesium from China. Get social with us. Follow […]
This Morning in Metals: US, EU reach deal on Section 232 steel, aluminum tariffs
This morning in metals news: the U.S. and E.U. have struck a deal that will see to the former resuming imports of duty-free steel and aluminum from the E.U.; battery storage applications have shifted, the Energy Information Administration explained; and, lastly, compensation costs increased during Q3 2021. Want an occasional email from MetalMiner that highlights […]
Week in Review: China’s property market; oil prices; aerospace aluminum demand
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 whether oil prices can hit $100 per barrel this year, a potentially rapid recovery for aerospace aluminum demand and much more: We’re offering timely emails with exclusive analyst commentary […]
This Morning in Metals: Novelis announces $375M expansion of automotive sheet operations in China
This morning in metals news: Novelis announced it will invest $375 million to expand its automotive sheet production and recycling operations in China; Glencore released its Q3 production report; and, lastly, U.S. steel imports jumped by 16% month over month in September. Are you under pressure to generate aluminum cost savings? Make sure you are […]
This Morning in Metals: Real GDP gains 2.0% in Q3, per BEA estimate
This morning in metals news: real GDP increased by 2.0% in Q3 2021, according to an estimate from the Bureau of Economic Analysis; Ford Motor Co. released its Q3 results; and, lastly, several base metals prices have continued to retrace after surging earlier this month. Want MetalMiner directly in your inbox? Sign up for weekly […]
Global crude steel production falls for fourth consecutive month
Global crude steel production declined in September, marking the fourth straight month of month-over-month declines. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. Global crude steel production falls to 144.4 MT September global crude […]
This Morning in Metals: US trade deficit jumps 9.2% in September
This morning in metals news: the U.S. trade deficit in September jumped 9.2% from the previous month; meanwhile, Rio Tinto is partnering with Carbfix on carbon capture and storage technology; and, lastly, Norsk Hydro is investing in a new automotive extrusion press in China. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
US steel capacity utilization dips to 84.7%
The U.S. steel capacity utilization rate dipped to 84.7% last week, the American Iron and Steel Institute (AISI) reported Monday. The rate declined from 85.3% the previous week. Do you know the five best practices of sourcing metals, including steel? U.S. steel output dips Production last week totaled 1.87 million net tons, AISI reported. The […]
