Before the weekend, let’s take a look back at the week that was and the metals storylines on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week of Aug. 23-27 (lithium-ion battery challenges, Chinese steel merger and much […]
Category: Commodities
This Morning in Metals: US steel imports up 17.4% this year
This morning in metals news: U.S. steel imports are up by 17.4% in the year to date, the American Iron and Steel Institute reported; meanwhile, Toyota Motor is imposing its biggest price hike on steel materials in over a decade, according to Nikkei Asia; and, lastly, the WTI crude oil price has ticked up this […]
Week in Review: Shipping sector woes; oil prices fall; Toyota announces production cuts
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: Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Week of Aug. 16-20 […]
This Morning in Metals: SSAB touts world’s first ‘fossil-free’ steel
This morning in metals news: Sweden’s SSAB has hailed the delivery this week of its first shipment of fossil-free steel; copper prices have been sliding; and, lastly, electricity demand soared last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
This Morning in Metals: Industrial production rises in July
This morning in metals news: U.S. industrial production picked up in July; the Energy Information Administration revised downward its OPEC petroleum production forecast; and, lastly, Russia’s Rusal recently announced its half-year results. 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. Industrial […]
Oil prices are unlikely to be lower for much longer
You wouldn’t believe the oil price had been quietly falling since early July when you went to fill up your tank this summer. Gasoline demand is nearly back to pre-pandemic levels from 2019. As a result, pressure on refiners has been so marked that prices have risen sharply enough to make the Biden administration urge […]
This Morning in Metals: Natural gas exports to exceed imports this year, EIA forecasts
This morning in metals news: the Energy Information Administration forecast U.S. natural gas exports will exceed imports this year; aluminum prices remained near 10-year highs last week; and, finally, the Associated General Contractors of America reported on the rise in construction input costs. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
This Morning in Metals: Senate passes $1T infrastructure bill
This morning in metals news: the U.S. Senate on Tuesday voted to pass a $1 trillion infrastructure bill; the Consumer Price Index for All Urban Consumers rose once again in July; and, finally, the Energy Information Administration forecast lower-than-average natural gas inventories heading into the winter heating season. You want more MetalMiner on your terms. […]
Metal News for the Day: On Monday, there is an almost 3% decrease in oil prices
This morning in metals news: Oil price fall nearly 3% on Monday. Chinese steel exports rise in July. Copper and cobalt production to double at Tenke Fungurume mine in the DCR with a $2.5 billion investment from a Chinese firm. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be […]
Copper MMI: Fears over tight copper market
The Copper Monthly Metals Index (MMI) increased by 3.5% for July’s reading, as the LME copper price increased by approximately the same. LME trading volumes, along with prices, traded sideways for the first three weeks of the month and picked up pace toward the end of the month, signaling an uptrend. Prices reached $9,856/mt before […]