A procurement platform is only useful if it reflects real procurement purchasing risks. That means steel, aluminum, copper, stainless, critical minerals, and all other types of industrial metals which require metal price forecasting. If your team buys across any of these categories, you should not need multiple tools to understand your position. You should only […]
Category: Carbon Steel
Are You Using the Right Tools to Make Metal Buying Decisions?
The use of AI for metal purchasing companies has value. Black-box answers do not. With that said, what services does MetalMiner offer based on AI usage? First, one must understand that skepticism toward AI is not the issue. Skepticism toward unexplained answers is. That distinction matters in metals procurement. Finance leaders and procurement leaders do […]
Top Metal Price Forecasting Tools: What Successful Teams Do Differently
The best metal buying teams are not flashy. They are disciplined. So what are the top metal price forecasting tools? They are the ones that clearly define exposure and price risk, follow a calculated process, and make decisions before markets force their hand. Over time, that discipline matters more than any single metal buy. Historical […]
How Does MetalMiner’s Forecasting Engine Help You Make Better Sourcing Decisions?
Procurement and finance teams have many opinions about the direction of metal prices. However, what they sometimes lack is a clear and structured approach to turn market noise into knowledge about optimal purchasing windows. This is where MetalMiner, Sage, and Market Signal come in. MetalMiner is not meant to replace judgment. It aims to organize […]
Europe’s HRC Market Braces for Shock as EU Eyes Deep Quota Cuts and 50% Tariffs
Hot rolled coil prices in Europe have remained largely unchanged in the past two weeks. However, a proposal by the European Union to slash import quotas has raised concerns among market participants. Hot Rolled Coil Deliveries Surging into the EU Mills in northern Europe continue to seek €580-600 ($700) per metric ton EXW for the […]
Steelmakers in Europe See Jump in Hot Rolled Coil Prices as People Return from Summer Holidays
Steelmakers in Europe are seeing a large jump in hot rolled coil prices as people start to return to work from their summer holidays, which could have significant implications for the steel industry. “Stocks are low,” one source said about inventories for the flat rolled product held by both stockists and end-users. Mills are currently […]
Raw Steels MMI: Steel Prices Search for New Low
The Raw Steels Monthly Metals Index (MMI) moved sideways with a downside bias, falling 0.96% from August to September. U.S. Steel Prices Continue to Unravel U.S. steel prices remain in search of a new bottom. As of early September, hot rolled coil prices sit at their lowest level since February 21, having unraveled much of […]
Will EU Steel Hikes Spill Over into U.S. Prices?
According to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost […]
Raw Steels MMI: Steel Prices Soften, More Tariffs on Deck
The Raw Steels Monthly Metals Index (MMI) accelerated during the month, moving up 3.87% from July to August as steel prices continued to slide. U.S. Steel Prices Continue Slow Downtrend U.S. steel prices have remained within a slow but steady downtrend since their late-March peak. As of mid-August, prices were down 9.49%, falling to their […]
European Steel Giant Shuts Down, What Will Happen Now?
ArcelorMittal plans to idle blast furnace No. 3 at its Dąbrowa Górnicza plant in Poland’s Silesian Voivodeship. The steel industry giant made the initial announcement back in September, citing current and future market factors. “The reason for this decision stems from the extremely difficult and constantly deteriorating market conditions,” ArcelorMittal Poland said on July 24. […]