This morning in metals news, U.S. steel mills produced at a capacity utilization rate of 80.6% for the year through Feb. 9, U.S. steel mill shipments rose 4.8% in 2018 on a year-over-year basis and a Peruvian plant used to produce copper will be partially suspended for the next 3-5 days. Need buying strategies for […]
Category: Ferrous Metals
Stainless MMI: Stainless Prices Bounce Back After Last Month’s Losses
The Stainless Steel Monthly Metals Index (MMI) jumped seven points this month to 68, translating into an 11.5% increase, the largest monthly increase registered by the MMI since the 10.95% increase in September 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Nickel LME nickel prices surged in […]
This Morning in Metals: U.S. Steel to Restart EAF Construction
This morning in metals news, U.S. Steel announced the restart of construction on an electric arc furnace (EAF) facility, a new £35 million research network aims to make the U.K.’s steel sector carbon-neutral and the latest on the Thyssenkrupp-Tata joint venture. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook An EAF […]
Talking Tariffs, Part 3: Are Tariffs ‘Bad’ for the Economy?
[Editor’s note: This is the third and final part of our series on tariffs. In case you missed them, read Part 1 and Part 2.] — 2002 Bush Section 201 Steel Tariffs All of this background analysis brings us to the heart of the current debate: are the tariffs “bad” for the economy and manufacturing? […]
Week in Review: China, Venezuela and Section 232
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: MetalMiner’s Belinda Fuller takes a look at China’s economic growth levels. Stuart Burns on the political and economic crisis in Venezuela. We also kicked off this month’s round of Monthly […]
Talking Tariffs, Part 2: Section 232 History Since 1962
[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The […]
This Morning in Metals: ArcelorMittal Sees Lower 2019 Steel Demand in China
This morning in metals news, ArcelorMittal on steel demand in China (and elsewhere), copper lost ground after several upward sessions in a row and Mexico’s steel industry is not happy with the government’s decision to not renew steel safeguards protecting against steel from countries with which Mexico does not have a trade agreement. Need buying […]
Raw Steels MMI: Steel Prices Continue to Decline, Iron Ore Surges After Vale Dam Breach
The Raw Steels Monthly Metals Index (MMI) posted a one-point increase this month, moving to an MMI reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As reported last month, steel prices continued to fall from their historically high levels reached back in the spring of 2018. CRC and […]
Aluminum MMI: MMI Flat Despite Semi-Finished Price Increases
The February Aluminum Monthly Metals Index (MMI) edged up this month by 1.2% for an index value of 86. The index increased one point from January’s reading and has remained near the low last seen in February 2017, when the index hit a value of 84. Buying Aluminum in 2019? Download MetalMiner’s free annual […]
Construction MMI: November Construction Spending Up 3.4% Year Over Year
The Construction Monthly Metals Index (MMI) held flat, sticking at 82 for the third straight month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Construction Spending U.S. construction spending in November (the most recently available data) hit an estimated $1,299.9 billion, up 0.8% from the October total $1,289.7 […]