This morning in metals news: U.S. import prices gained in November; meanwhile, U.S. construction starts surged in November; and, lastly, the Energy Information Administration forecasts record monthly natural gas production in 2022. Better time your metal market purchases with the MetalMiner Insights platform. Request a demo. Import prices rise 0.7% According to the Bureau of […]
Category: Commodities
Iron ore prices surging on higher imports
It is always a challenge reading markets, whether you look at fundamentals of supply, demand and macro economic developments or whether you are a chartist looking at price trends to see how they compare to previous models, assessing price movement relative to Fibonacci levels and indications from high/low daily pricing data. One issue we repeatedly […]
Week in Review: Aluminum prices move sideways; GM announces rare earth magnet collaboration; copper prices consolidate
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of aluminum prices, a General Motors collaboration with MP Materials aimed at developed a fully integrated U.S. rare earth magnet supply chain and much more: See why technical […]
This Morning in Metals: GM to invest $51M in Indiana aluminum die casting foundry
This morning in metals news: General Motors will invest $51 million to install equipment at its Bedford, Indiana aluminum casting die foundry; nickel prices have gained this past month; and, lastly, the U.K. trade minister reportedly told the U.S. they could consider expanding tariffs on U.S. goods if the U.S. does not remove the Section […]
This Morning in Metals: Winter weather to further strain energy supplies in Europe
This morning in metals news: a cold winter season will continue to put strain on European energy supplies; the U.S. international trade deficit declined from September to October; and, lastly, U.S. job openings increased in October. Does your company have a zinc buying strategy based on current zinc price trends? Energy prices under the microscope […]
This Morning in Metals: Nucor to build rebar micro mill
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 […]
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 […]