Category: Ferrous Metals

Montenegrin Powerhouse EPCG Željezara Nikšić to Restart by 2024

Montenegrin Powerhouse EPCG Željezara Nikšić to Restart by 2024 Blast furnace, steel prices

Regional media reports state that Montenegrin specialty steels producer EPCG Željezara Nikšić aims to restart production by the end of 2023, possibly impacting steel prices. The facility went offstream in […]

Raw Steels MMI: How Will the UAW Strike Impact the Bearish Market, Steel Prices?

Raw Steels MMI: How Will the UAW Strike Impact the Bearish Market, Steel Prices? steel mill

The Raw Steels Monthly Metals Index (MMI) moved sideways, with a 2.83% decline from August to September as steel prices dropped almost across the board. Indeed, flat-rolled steel prices continued […]

UK Government & Tata Steel Reach Tentative Agreement on Port Talbot Plant, Risking 3,000 Jobs

UK Government & Tata Steel Reach Tentative Agreement on Port Talbot Plant, Risking 3,000 Jobs AdobeStock 531740748 Editorial Use Only

The UK government and Mumbai-headquartered Tata Steel have reached a preliminary agreement over a funding package regarding the Port Talbot plant in South Wales. The package is part of a […]

Renewables MMI: Grain-Oriented Electrical Steel Prices Skyrocket

Renewables MMI: Grain-Oriented Electrical Steel Prices Skyrocket electrical steel, steel plate prices

Month-over-month, the Renewables MMI (Monthly Metals Index) ended up dropping significantly by 11.16%. The main culprit for this was cobalt prices dropping significantly in August, despite prices flattening again in […]

European Steelmakers Pursue €20 Hike on Steel Prices Amid Sluggish Demand

European Steelmakers Pursue €20 Hike on Steel Prices Amid Sluggish Demand HRC steel prices

Steelmakers in Northwestern Europe are seeking an increase of €20 ($20) per metric ton on hot rolled coil. Market sources told MetalMiner that the hike in steel prices comes despite […]

Is the UK Government Playing Politics in the Tata Steel Port Talbot Transition?

Is the UK Government Playing Politics in the Tata Steel Port Talbot Transition? tata steel

Tata Steel is in talks with the UK government to acquire £500 million ($630 million) in funding. The steelmaking multinational confirmed the funds would help the Port Talbot plant replace […]

Construction MMI: Falling Chinese Imports Weigh on Construction, Steel Prices

Construction MMI: Falling Chinese Imports Weigh on Construction, Steel Prices products of the plant for the production of metal structures.

The Construction MMI (Monthly Metal Index) rose for the first time in five months, welcoming a 3.97% increase. However, this rise could prove deceiving as the index still faces numerous […]

Automotive MMI: Possible UAW Strike Could Seriously Impact Industry

Automotive MMI: Possible UAW Strike Could Seriously Impact Industry Mature worker controlling production line

Month-over-month, the Automotive MMI (Monthly Metals Index) slid downward by 3.42%. Steel prices within the index, like hot-dipped galvanized, trended sideways. However, copper and lead fell, introducing bearish pressure. Overall, […]

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline Tata Steel Stock Yard Limited in Faridabad NIT, Faridabad. Tata steel share price.

The British government and Tata Steel remain in discussion regarding the future of the Port Talbot steel manufacturing plant. Recently, the government said they may pledge a substantial £500 million […]

Renewables/GOES MMI: Cobalt and Other Battery Metals Prices Rise Slightly

Renewables/GOES MMI: Cobalt and Other Battery Metals Prices Rise Slightly Battery recycling concept. Green energy, Background from battari

Since April, the Renewables MMI (Monthly Metals Index) has been in a tight sideways trend. Falling demand and slumping material production for battery metals in China, as well as an […]

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