This morning in metals news: Nucor Corporation announced plans to build a rebar micro mill; oil prices fell last week; and, lastly, tin prices have rallied. Each month this year, MetalMiner has hosted a webinar on a specific metals topic. The final webinar of 2021 is this Wednesday, Dec. 8, during which MetalMiner experts will […]
Category: Commodities
Week in Review: European hot rolled coil prices slide; Alcoa announces restart; oil prices fall
Before we head into the weekend, let’s take a look back at the week that was and 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 Nov. 29-Dec. 3 (hot rolled coil prices, Alcoa […]
This Morning in Metals: OPEC meets as oil prices retreat
This morning in metals news: OPEC held its 23rd ministerial meeting today amid falling oil prices; meanwhile, the United States International Trade Commission issued a ruling on import relief for the domestic crystalline silicon photovoltaic cell sector; and, lastly, the trade ministers of the U.S., Japan and the E.U. convened this week. Want more from […]
This Morning in Metals: US steel capacity utilization down to 83.2%, steel prices muted
This morning in metals news: the U.S. steel capacity utilization rate fell to 83.2% last week; North American Stainless maintained its stainless steel fuel surcharge; and, lastly, crude oil prices have lost steam this week. Each month, MetalMiner hosts a webinar on a specific metals topic. The MetalMiner team will discuss price predictions for 2022 […]
US will release 50 million barrels of oil from its strategic reserves — will it affect prices?
Well, so far, the simple answer to the question posed in the headline is “no.” On Tuesday, the White House announced the Department of Energy will “make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and […]
This Morning in Metals: US GDP up 2.1% in Q3, BEA reports in second estimate
This morning in metals news: U.S. GDP increased by 2.1% in Q3 2021, the Bureau of Economic Analysis reported in its latest estimate; new home sales increased in October; and, lastly, average U.S. gasoline prices are higher this Thanksgiving holiday than any since 2012. Each month, MetalMiner hosts a webinar on a specific metals topic. […]
This Morning in Metals: Construction to begin Q2 2022 for Norsk Hydro aluminum recycling plant in Michigan
This morning in metals news: Norsk Hydro plans to begin construction on its new aluminum recycling plant in Cassopolis, Michigan, in Q2 2022; meanwhile, U.S. utilities are spending more on electricity delivery; and, lastly, the United States International Trade Commission recently voted to continue investigations regarding imports of oil country tubular goods from Argentina, Mexico, […]
Week in Review: Stainless steel base prices rise; Biden signs infrastructure bill; European Commission slaps duties on stainless steel from India, Indonesia
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: Each month, MetalMiner hosts a webinar on a specific metals topic. The next webinar is scheduled for Wednesday, Dec. 8, during which the MetalMiner team will discuss price predictions for 2022. To […]
This Morning in Metals: European Commission slaps duties on stainless steel products from India, Indonesia
This morning in metals news: the European Commission this week announced anti-dumping duties for stainless steel cold-rolled flat products from India and Indonesia; the Energy Information Administration forecast crude oil prices will decline in 2022; and, lastly, U.S. housing starts declined in October. Stay up to date on MetalMiner with weekly updates – without the […]
Metals industry to play major role in curbing carbon emissions
Metals will play a significant role in helping governments and companies to address climate issues by aiding the transition to cleaner energy and ultimately decreasing carbon emissions, industry watchers said. “The metals industry is crucial to facilitating this,” one analyst told MetalMiner. “If you want energy transition, it is not going to happen without metals […]