This morning in metals news: President Donald Trump signed an executive order declaring a national emergency for the mining industry; Vale this week announced the suspension of one of its iron ore operations; and the site of an old steel plant in Chicago is getting a new look. Sign up today for Gunpowder, MetalMiner’s free, […]
Category: Commodities
This Morning in Metals: U.S. steel imports fall to 1.2M metric tons in August
This morning in metals news: U.S. steel imports plunged by more than half from July to August; copper price gains Monday were capped over concerns regarding long-term prospects; and the WTI crude oil price slipped. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you […]
This Morning in Metals: U.S. industrial production rises 0.4% in August
This morning in metals news: U.S. industrial production picked up in August; Nucor recently released its third-quarter guidance; and the Energy Information Administration broke down the impact of OPEC+’s output reductions. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates. U.S. industrial production up 0.4% U.S. industrial production rose 0.4% […]
Oil price recovery stumbles as some OPEC producers miss output cut targets
OPEC+’s production cuts have been pretty successful at steadying the oil price this year. First, the cuts steadied the market. Furthermore, rising prices came in the face of oversupply and a pandemic-induced collapse in demand. However, the alliance of producers remains far from a solid coalition. The MetalMiner 2021 Annual Outlook consolidates our 12-month view […]
Week in Review: DOC’s updated SIMA system; steel prices rise; iron ore takes a breather
This week’s coverage included coverage ranging from the announced update to SIMA, iron ore price movements and the U.S.’s decision to rescind the recently reimposed 10% Canadian aluminum tariff. Before we head into the weekend, let’s take a look back at the week that was and all the metals storylines here on MetalMiner. Stay up […]
This Morning in Metals: U.S. steel prices rise
This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you. Steel prices rise U.S. steel prices are on the rise, but […]
Iron ore price falls, but is it a pause before further rises or the top?
An article in the Australian Financial Review (AFR) underlines the bullish narrative accompanying the iron ore price’s performance this year. “Chinese steel consumption has just blown consensus out of the water this year,” the report notes, citing analyst comments, adding, “The macro backdrop, in terms of China, is very strong for all commodity consumption, and […]
This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff
This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these […]
This Morning in Metals: Nucor to open Frostproof steel plant by end of year
This morning in metals news: steelmaker Nucor will open a new steel plant in Florida by the end of this year; U.S. gasoline prices are low heading into the Labor Day weekend; and Chinese demand continues to power high iron ore prices. 5 Mistakes Buyers Can Make When Sourcing Steel Nucor to open steel plant […]
This Morning in Metals: U.S. energy exports, imports nearly equal in May
This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want […]