This morning in metals news: U.S. steel prices have made significant gains in recent weeks; exports of liquefied natural gas (LNG) from two key Louisiana export terminals have resumed after Hurricane Laura; the coronavirus pandemic has impacted tin production in Bolivia. Do you use cost breakdowns in your steel negotiations? See other tips in negotiating […]
Category: Commodities
Oil majors struggle in low-price, low-demand environment
The oil majors are not having a great pandemic. Consumers reacted to earlier lockdowns and continued pandemic restrictions, leading to a massive drop in demand. On the other hand, prices initially collapsed after Saudi Arabia led an assault on the U.S. shale market and engaged in a spat with Russia over prices. Set that against […]
This Morning in Metals: Global alumina production rises in August
This morning in metals news: global alumina production rose 2.7% year over year in August; China’s industrial profits fell through the first eight months of the year; and nickel prices have taken a dive over the last month. Check if your service center is providing you with price transparency for your aluminum spend. Global alumina […]
This Morning in Metals: Brazil’s iron ore exports surge
This morning in metals news: Brazil’s iron ore exports are on the rise; Outokumpu last week announced the initiation of a turnaround plans for its long products business area; and, finally, the world’s first marine superchargers will use recycled aluminum from Norsk Hydro. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
Week in Review: Cleveland-Cliffs’ acquisition; primary aluminum production; Hurricane Laura hits oil output
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: Cleveland-Cliffs’ acquisition of ArcelorMittal USA; a breakdown of the British automotive manufacturing sector’s struggles; the PSA–Fiat Chrysler merger; primary aluminum production; the U.S. steel capacity utilization rate; and Hurricane […]
This Morning in Metals: Hurricane Laura hits Gulf crude oil production
This morning in metals news: Hurricane Laura had the largest effect on Gulf of Mexico crude oil production of any hurricane since 2008, according to the Energy Information Administration (EIA); U.S. imports of standard pipe and tin plate from Thailand and China, respectively, surged from May-July; and tech companies could call the site of the […]
This Morning in Metals: Trump signs executive order to boost mining industry
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, […]
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 […]