This morning in metals news, China’s steel sector continues to churn out more and more steel, copper prices soared to a nine-month high, and the oil price surged on falling U.S. stockpiles. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Steel Production Despite a program of winter production curbs, […]
Category: Ferrous Metals
AISI: U.S. Raw Steel Production Up 6.8% in Year to Date
According to the American Iron and Steel Institute (AISI), U.S. steel mills have increased their steel production total by 6.8% for the year to date through April 13 compared with the same period in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date production through April 13 reached […]
World Steel Association: Steel Demand Expected to Moderate with Slower Overall Growth
Demand for steel is still growing, but it can be expected to moderate in line with overall declines in overall economic growth. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The World Steel Association released its Short Range Outlook (SRO) this week, which forecasts a 1.3% increase in global steel […]
Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook More recently, however, the company turned to more positive news, announcing plans to upgrade technology at its Husnes plant to produce […]
Could Spot Iron Ore be on Track for $100/Ton?
According to Reuters, spot 62% grade iron ore for delivery to China recently rose 1.6% to $93 per metric ton and the most-traded May 2019 iron ore contract on the Dalian Commodity Exchange soared as much as 4.1% to 710.5 yuan ($106) per ton — the highest for the Asian benchmark since 2013. Need buying […]
Raw Steels MMI: Subindex Dips on Mixed Price Movements
The Raw Steels Monthly Metals Index (MMI) fell by one point this month to 81, a 1.2% decline from the previous month’s MMI value. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Price weakness in the index came from the U.S. HRC 3-month futures contract, with a 6.3% decline in price […]
This Morning in Metals: Steel Capacity Utilization Rate Reaches 81.9%
This morning in metals news, the U.S. steel sector’s capacity utilization rate for the year through April 6 reached 81.9%, the zinc price fell on easing supply concerns and miner Glencore is becoming a bigger and bigger player in the copper market. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Stainless MMI: Stainless Prices Hold Flat
The Stainless Steel Monthly Metals Index (MMI) held steady this month at 71. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME nickel prices mostly ended up moving sideways as March progressed after hitting a six-month high early in the month, with the price peaking at $13,750/mt during trading. SHFE […]
This Morning in Metals: Copper Mining Heats Up Amid Rising EV Demand
This morning in metals news, Russian investors are interested in Nevada copper, iron ore is booming and Vietnam’s steel sector looks to build on a record-setting 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nevada Copper Among other metals, copper will become increasingly important as electric vehicles gain market […]
This Morning in Metals: USITC Rules in Anti-Dumping, Countervailing Duty Probes
This morning in metals news, the United States International Trade Commission (USITC) made determinations in the anti-dumping and countervailing duty probes of large diameter welded pipe from Canada, Greece, South Korea and Turkey; Thyssenkrupp workers are looking for job guarantees in the case of a collapse of the German firm’s European joint venture with Tata […]