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: Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. Week of Oct. 4-8 Stuart Burns on the energy crisis in China. […]
Category: Automotive
Automotive MMI: Semiconductor shortage, low inventory weigh on Q3 auto sales
The Automotive Monthly Metals Index (MMI) held flat for this month’s reading, as U.S. auto sales slumped in Q3. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US auto sales slip in Q3 General Motors reported its third-quarter sales fell from 665,192 […]
Automakers see 2022 steel price contract negotiations looking brutal
Just over a year ago, MetalMiner commented on the acquisition of most of ArcelorMittal USA’s assets by Cleveland-Cliffs (including potential impacts on steel prices). At the time, the MetalMiner analyst team suggested, “The deal strengthens the company’s position in the automotive sector. The company likely controls 60%-65% of exposed auto sheet supply (think steel used […]
Week in Review: China’s property market and steel prices; Alcoa to restart aluminum smelter; Ford to collaborate on battery supply chain
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: Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Week of Sept. 20-24 (China’s property market and […]
This Morning in Metals: Mercedes-Benz, Stellantis take stakes in battery cell manufacturer
This morning in metals news: Mercedes-Benz, Stellantis and TotalEnergies will each take a 33% stake in Automotive Cells Company; meanwhile, the Semiconductor Industry Association offered its reaction to the Biden administration’s recent meeting on the semiconductor supply chain; and, lastly, the Energy Information Administration expects a rise in natural gas consumption in 2021 and 2022. […]
This Morning in Metals: Alcoa announces restart of aluminum smelter idled since 2015
This morning in metals news: Alcoa said it plans to restart its Alumar aluminum smelter in Brazil; meanwhile, the Energy Information Administration forecasts hydropower generation will fall by 14% this year; and, lastly, European automakers are looking to bypass China in their rare earths supply chains. Are you under pressure to generate aluminum cost savings? […]
US steel capacity utilization dips to 84.9%
The U.S. steel capacity utilization rate fell slightly but remained at a healthy 84.9% for the week ending Sept. 18, the American Iron and Steel Institute reported this week. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Steel capacity utilization hits 84.9% […]
This Morning in Metals: Ford, Redwood to collaborate on closed-loop battery recycling, supply chain
This morning in metals news: Ford Motor Co. is collaborating with Redwood Materials on a closed-loop battery recycling and building out the domestic electric vehicle battery supply chain; Norway will expand natural gas exports to Europe; and, lastly, aluminum prices have slowed down after peaking Sept. 13. Many may be wondering how to set buying […]
SSAB to collaborate with automotive groups on potential supply of fossil-free steel
Sweden’s SSAB has announced collaboration plans with two European auto groups on the potential supply of fossil-free steel for auto bodies and parts. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. SSAB to collaborate with European auto groups on potential fossil-free […]
Automotive MMI: Auto sales slump in August as inventory lags, semiconductor shortage continues
The Automotive Monthly Metals Index (MMI) fell by 1.4% for this month’s MMI reading. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US auto sales Ford Motor Co. reported its August retail sales increased by 6.5% from the previous month. However, […]
