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 […]
Category: Commodities
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 […]
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. […]
Single-family housing starts slump in August
U.S. housing starts overall picked up in August, the Census Bureau reported this month. Request a 30-minute demo of the MetalMiner Insights platform now. Housing starts overall rise, but single-family starts drop Privately owned housing starts rose to a seasonally adjusted annual rate of 1,615,000. The August rate jumped by 3.9% from the previous month. […]
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? […]