This morning in metals news, Nucor announced plans late last week to invest $650 million in its Kentucky sheet mill, ArcelorMittal put in a revised bid for Essar Steel and China warns it will retaliate if the U.S. imposes further tariffs. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook A Big […]
Lisa Reisman
Week in Review: Annual Outlook, Rusal and the State of European Steel
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: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook China filed a dispute complaint with the World Trade Organization (WTO) as it sought consultations with the U.S. […]
Construction MMI: July Construction Spending Rises 5.8% Year Over Year
The Construction Monthly Metals Index (MMI) picked up two points this month, rising 2.2% for a September reading of 92. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in July — the most recently available month for Census Bureau data — hit $1,315.4 billion, which […]
This Morning in Metals: August Steel Import Market Share Hits 21%
This morning in metals news, the U.S.’s steel import market share was 21% last month, ArcelorMittal reached a provisional deal with the trade unions of Italy’s Ilva and the Bureau of Labor Statistics released U.S. employment data for August. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel Import Market […]
Automotive MMI: Fiat Chrysler, Ford Post August Sales Increases
The Automotive Monthly Metals Index (MMI) dropped three points this month, falling for our reading of 96. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook U.S. Auto Sales August proved to be an uneven month for auto sales in the U.S. General Motors no longer publicly reports sales on a monthly basis, instead […]
This Morning in Metals: Russian Aluminum Giant Rusal to Get the Cold Shoulder?
This morning in metals news, customers reportedly are set to avoid Rusal during a crucial upcoming industry gathering in Berlin, Tata Steel announces a new sustainable steelmaking procedure and NAFTA negotiations pick up again today after a long Wednesday night of talks. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Cold […]
Hot Off the Press — MetalMiner’s 2019 Annual Metal Outlook!
Have you set your 2019 metals budget? Make sure your purchasing strategy is sound with MetalMiner’s free 2019 Annual Metals Outlook! Arriving just in time for budgeting season, this report contains the unique insight, analysis and tools you need as a metal buyer or manufacturer to know when and how to make the buying decision […]
This Morning in Metals: U.S. Weekly Steel Capacity Up to Highest Level Since 2014
This morning in metals news, the U.S. steel industry posted its highest weekly capacity utilization ratio since 2014, U.S. Steel workers hope to see a windfall from rising steel prices and Canada is holding firm in NAFTA talks. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Steel Capacity Utilization Rises The U.S.’s steel […]
GOES MMI: GOES M3 Prices Slip in July
The headline news for grain-oriented electrical steel (GOES) involves the continued drop in total import levels into the U.S. The U.S. had imported at least 2,500 metric tons per month since the start of this year, but after the announcement of tariffs, imports shrank to 411 metric tons in July. However, some steel pundits speculate […]
GOES MMI: 14-Point Jump Paced by Global Demand, Section 232 Tariffs
The GOES Monthly Metals Index (MMI) jumped by 14 points, marking the second consecutive monthly increase. The increase came as a result of tightness globally for thin gauge material, Section 232 import tariffs and healthy global demand. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Japan excels at the production of […]
