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, including the Suez Canal blockage, the April 2021 MMO, Western European hot rolled coil prices and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
Category: Commodities
This Morning in Metals: Nucor to build new Kentucky tube mill
This morning in metals news: Nucor Corporation announced plans to build a new tube mill in Kentucky; meanwhile, US retail gasoline prices have been on the rise; and, lastly, unemployment rates in February fell in 23 states. You want more MetalMiner on your terms. Sign up for weekly email updates. Nucor to build new tube mill Nucor […]
Week in Review: Semiconductor shortage; MetalMiner webinar; rising Midwest Premium
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of the semiconductor shortage, the Midwest Premium and more. A fire at a Japanese chip-making plant last week has slammed automotive operations. General Motors, Ford and many other automakers have […]
Tangshan steel curbs could have ripple effect on steel, iron ore
The recent curbs on steel making by the local government in one of China’s largest steel-producing cities, Tangshan, may have a cascading effect on steel procurement & demand, as well on iron ore supplies, some experts believe. The Tangshan restrictions are in effect from March 20 to Dec. 31, 2021. Among other things, the restrictions […]
Week in Review: Nickel price falls; oil prices remain elevated; Honda temporarily suspends production
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines of the week here on MetalMiner, including coverage of the nickel price, oil prices, housing starts and more. Overall, steel prices continue to rise. Meanwhile, after experiencing significant price declines, lead and nickel […]
Iron ore price reaches 10-year high but retraces after Five-Year Plan details
Seaborne iron ore prices hit a 10-year high this month at $178 per ton before profit taking. Investors bet on strong steel demand and robust consumption in top consumer China. Iron ore price and pollution in China But following the release of details in China’s new Five-Year Plan calling for wide-ranging and ambitious targets to […]
EIA: Oil prices expected to continue to rise through April on lower output
Oil prices have been on the rise for months and, according to the Energy Information Administration (EIA), they appear likely to remain elevated in April. “The sustained OPEC+ production curtailment through April suggests that supply will remain constrained in the near term, even as demand continues to increase,” the EIA explained Wednesday. The MetalMiner Best […]
Week in Review: ArcelorMittal and GFG; copper prices; China’s Five-Year Plan
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 ArcelorMittal, copper prices, China’s latest five-year plan and much more: Week of March 8-12 (ArcelorMittal, China’s Five-Year Plan and more) Australia’s Lynas Rare Earths reported its half-year […]
OPEC producers walk a fine line amid oil price run-up
This time last year, Saudi Arabia all but announced war on America’s fracking industry and major OPEC+ partner Russia by releasing a flood of oil onto the world market just as the pandemic was getting underway. The pandemic, among other impacts, led to a plunge in oil demand. The unprecedented collapse in prices took oil […]
This Morning in Metals: Nucor to build new tube mill in Midwest
This morning in metals news: Nucor announced plans to build a new tube mill in the Midwest; meanwhile, the Bureau of Labor Statistics released the Consumer Price Index summary for February; and the oil price pulled back slightly this week. Nucor to build new tube mill Nucor Corporation said Tuesday its Board of Directors had […]