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: Commodities
This Morning in Metals: Nonfarm payroll employment rises by 194,000
This morning in metals news: U.S. nonfarm payroll employment rose by 194,000 jobs in September; meanwhile, U.S. Steel had another spill from a plant in Northwest Indiana; and, finally, U.S. gasoline exports reached seasonal highs in May, June and July. Get social with us. Follow MetalMiner on LinkedIn. Nonfarm payroll employment rises Nonfarm payroll employment […]
Europe follows China, India in battling rising energy costs
We have written twice over the last week concerning the energy crunch, first in China and then India. Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing. The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a […]
This Morning in Metals: Nucor launches line of net-zero carbon steel products
This morning in metals news: Nucor Corporation announced the launch of a line of net-zero carbon steel products; meanwhile, the American Iron and Steel Institute released September import permit application data; and, finally, average U.S. home mortgage rates continue to hover around 3%. Are you under pressure to generate steel cost savings? Make sure you […]
India follows China into a coal crisis
You do not have to look too hard to find failures of state-run economies around the world. Since the collapse of the Soviet Union, there is less enchantment with the model — outside China, anyway — than there once was. But what we remain plagued with is the idea government has a role in the […]
This Morning in Metals: Manufactured goods orders rise in August
This morning in metals news: new orders for manufactured goods ticked up by 1.2% in August; meanwhile, Nucor affiliates announced two acquisitions; and, lastly, the WTI crude oil price inched upward last week. 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. […]
Energy crisis in China hits more than just metals output
Much is being made of Beijing’s efforts to meet its environmental emissions targets — the country states it will hit peak emissions before 2030 and carbon neutrality by 2060 — and its restricted steel and aluminium production. But a recent Reuters post by John Kemp suggests output is being impacted more by a widening electricity […]
Nuclear to power Poland’s copper production
Europe’s drive to reduce carbon emissions is taking many forms, from government support for R&D to investment in electric vehicle (EV) charging structures, hydrogen fuel technology and infrastructure, to name just a few. So much for the carrots. On the stick side, the E.U. has a carbon emissions trading scheme that grants credits to major […]
This Morning in Metals: Rio Tinto, BC Works union reach agreement in principle
This morning in metals news: Rio Tinto said it had reached an agreement with the union representing workers at its BC Works; the Census Bureau reported new orders for manufactured durable goods increased in August; and, lastly, oil prices rose last week. More MetalMiner is available on LinkedIn. Rio Tinto, BC Works union reach deal […]
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 […]