Before we head into the weekend, let’s take a quick look back at the week that was and the metals storylines here on MetalMiner, including the release of the January 2021 MMI, a look at what might happen to the iron ore price and much more. Inauguration Day draws near for President-elect Joe Biden, leaving […]
Category: Company News
Stainless MMI: Demand, prices to increase in 2021; ATI exits standard stainless sheet product market
The Stainless Monthly Metals Index (MMI) increased by 6.0% this month, as ATI issued a major announcement and China ups its stainless imports from Indonesia. ATI exits stainless steel commodity market products Allegheny Technologies Incorporated (ATI) announced Dec. 2 that the company would exit the standard stainless sheet product market. The move reduces availability of […]
This Morning in Metals: Rio Tinto, Meridian Energy reach deal on Tiwai Point aluminum smelter
This morning in metals news: Rio Tinto and Meridian Energy have reached a deal that will allow New Zealand’s Aluminum Smelter to continue operating the Tiwai Point aluminum smelter; BHP unveiled plans to build a new wind fence; and the Energy Information Administration (EIA) forecasts U.S. oil and natural gas production will fall this year. […]
Raw Steels MMI: Index increases by double digits as steel prices gain to close 2020
The Raw Steels Monthly Metals Index (MMI) increased by 16.5% this month, as steel prices showed strength in December. U.S. steel events The American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers union, the Committee on Pipe and Tube Imports and the American Institute of Steel Construction sent a letter to Joe […]
This Morning in Metals: Industry groups urge Biden to keep steel tariffs
This morning in metals news: several industry groups urged President-elect Joe Biden to continue existing steel tariffs and quotas; Germany’s OGE and Thyssenkrupp and Norwegian energy company Equinor are collaborating to mitigate emissions; and Norsk Hydro and Nuvosil are working on aluminum and silicon recycling technology. Industry groups urge Biden to keep steel tariffs President […]
Renewables/GOES MMI: First Cobalt inks refinery feedstock deals with Glencore, IXM SA
The Renewables Monthly Metals Index (MMI) rose 2.7% this month, as Toronto-based First Cobalt signed multiple refinery feedstock agreements. (Editor’s note: This report also includes coverage of grain-oriented electrical steel, or GOES.) First Cobalt signs refinery feedstock agreements Toronto-based First Cobalt announced Tuesday it has achieved a “key milestone” with new refinery feedstock agreements reached […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 75.4%
This morning in metals news: U.S. steel capacity utilization reached 75.4% for the week ending Jan. 9; General Motors announced the launch of BrightDrop; and Rusal America announced a new line of aluminum additive manufacturing powders. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups […]
U.K.’s electric vehicle supply chain needs an electrifying jolt
Automotive producers the world over are facing challenges, but the U.K. automotive industry is arguably in the most challenging environment of all. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.K. automotive sector faces headwinds Over the last year, COVID-19 restrictions have closed showrooms. Furthermore, […]
This Morning in Metals: Oyu Tolgoi copper mine expansion faces termination by Mongolian government
This morning in metals news: Turquoise Hill Resources offered an update on the Oyu Tolgoi copper mine expansion project; renewable power generation will continue to rise this year in the U.S.; and the aluminum price has traded sideways over the last month. Are rising MW premiums causing concern? See how service centers take advantage of […]
This Morning in Metals: U.S. goods and services deficit hits $68.1M in November
This morning in metals news: the Census Bureau and Bureau of Economic Analysis reported the U.S. goods and services deficit totaled $68.1 billion in November; the Brazilian state of Minas Gerais is hoping to win a compensation deal from miner Vale; and the American Iron and Steel Institute released steel import data for December. MetalMiner […]
