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 the China Manufacturing PMI, U.S. construction spending and Western European hot-rolled coil transactions: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of Nov. 2-6 […]
Category: Commodities
This Morning in Metals: U.S. imports of blooms, billets and slabs surge
This morning in metals news: the U.S. has seen rising imports of blooms, billets and slabs; the power sector’s coal consumption dropped significantly in the first half of this year; and copper prices trended sideways this week. Do you know the five best practices of sourcing metals, including steel? U.S. imports of blooms, billets and […]
This Morning in Metals: Aluminum price retraces below $1,800/mt
This morning in metals news: The aluminum price retraced this week General Iron is building a new metal shredding home in Chicago Finally, the United States Geological Survey (USGS) reported estimates on undiscovered Gulf Coast Basin oil reserves The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Week in Review: Goldman Sachs bullish; steel capacity utilization nears 70%; copper output falls
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 Goldman Sachs is bullish on commodities, U.S. steel production, global copper mine production and more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
This Morning in Metals: Vale iron ore output jumps 31% in Q3 2020
This morning in metals news: miner Vale released its Q3 2020 production results; the Can Manufacturers Institute announced it will release grants in 2021 for aluminum can capture equipment; and, finally, U.S. crude oil inventories remain elevated. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Vale iron ore output […]
Goldman Sachs bullish for commodities in 2021
Goldman Sachs came out with a bullish report to investors last week predicting a surge in the price of commodities over the 2021-2025 period, Reuters reported. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]
This Morning in Metals: U.S. Steel announces startup of EAF in Alabama
This morning in metals news: U.S. Steel on Monday announced the startup of a new electric arc furnace (EAF) in Fairfield, Alabama; WTI crude dipped below $39 per barrel; and the International Aluminum Institute released global alumina production data. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]
This Morning in Metals: Global groups renew call to target steel overcapacity
This morning in metals news: global steel groups renewed calls for the Global Forum on Steel Excess Capacity to continue its work targeting steel overcapacity; Freeport-McMoRan released its Q3 financial results; and, finally, U.S. natural gas exports to Mexico have increased. Stop obsessing about the actual forecasted steel price. It’s more important to spot the […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 67.9%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
This Morning in Metals: U.S. aluminum sheet tariff targets countries besides China; Hurricane hampers oil, gas; Caterpillar targets driverless machinery for COVID era
U.S. adds aluminum sheet tariffs to 18 countries The U.S. is imposing tariffs on aluminum sheet imports from array of countries that the Commerce Department sees as trying to exploit the lack of Chinese aluminum in the U.S. market after tariffs were placed on it in 2018, according to USAToday. The tariffs “will range […]