Steel Industry leader British Steel is set to start consultations on permanently blowing down the operating blast furnaces at Scunthorpe. The move comes after the company failed to reach an agreement with the UK government on financial aid for conversion to green steelmaking. “Since 2020, the shareholder of British Steel, Jingye, has invested more than […]
Category: Ferrous Metals
Historical Price Trends for Industrial Metals Over the Past Decade
Over the last ten years, industrial metal prices have gone on a wild ride, rising, falling and rising again, thanks to everything from global economic swings to supply chain hiccups and geopolitical drama. If you’re in manufacturing, investing, or policy, keeping tabs on these price trends isn’t just helpful, it’s essential. Steel Historical Price Trends […]
Fire Erupts at Salzgitter Plant: Hot Rolled Coil Production Grinds to a Halt
German flats producer Salzgitter recently announced a force majeure on hot rolled strip following a fire at its Lower Saxony site. A March 4 letter to steel industry customers indicated that a fire resulted in the suspension of production at the company’s hot strip mill. According to reports circulating in German media, a restart of […]
Raw Steels MMI: When Will Steel Prices Peak?
Rising steel prices saw the Raw Steels Monthly Metals Index (MMI) jump by 5.59% from February to March. Steel Prices Surge on Tariff News As of mid-March, steel prices remained decidedly bullish and in search of a new peak as U.S. tariffs set the market on fire. Hot rolled coil prices hit their highest level […]
China Slams the Brakes on Steel: What This Means for Global Markets
It was an intervention that was the subject of rumors, and now it’s coming true. China, the world’s largest steelmaker and consumer, recently announced it would be “restructuring” its steel industry through cuts in crude steel output, a move many analysts and experts call China “protecting its own turf.” Stay up to date on changes […]
Renewables MMI: Tariffs & Renewable Energy Rollbacks—Trump’s Plan for U.S. Energy
The Renewables MMI (Monthly Metals Index) moved sideways month over month, increasing a slight 1.86%. Meanwhile, renewable energy projects could face some challenges from a combination of tariffs and changing Federal policies. Trump Administration’s Energy Policies Reshape the Renewable Sector Since taking power in January, the Trump administration has reshaped the U.S. renewable energy landscape […]
From Ukraine to Italy: Metinvest’s New Steel Mill, New Era for Steel Industry?
In what will likely be a boon to the Italian steel industry, Ukrainian metals and mining group Metinvest and an Italian equipment provider operating under the name Metinvest Adria recently signed an agreement to construct a new steel plant at the port city Piombino, in western Italy. Metinvest stated that the two parties signed the […]
Copper Titans Unite: Anglo American and Codelco Forge a Game-Changing Alliance
Mining multinational Anglo American recently signed a memorandum of understanding with Codelco to create a new operating company. The reported goal of the copper market shakeup is to increase production from the two companies’ adjacent mines, both of which lie in northeastern Chile. In a February 20 statement, London-headquartered Anglo quoted chief executive Duncan Wanblad […]
Automotive MMI: Hot-Dipped Galvanized Prices Spike Amongst New Tariffs
The Automotive MMI (Monthly Metals Index) increased by 4.47% month over month. The primary culprit for the bullish sentiment was hot-dipped galvanized prices rising due to tariff anticipation from the automotive industry. U.S. Automotive Industry Faces Rising Costs and Trade Challenges The U.S. automotive sector is grappling with economic pressures that could alter its operational […]
Worried About Trump Tariffs? Here’s Our Comprehensive Guide to 2025 Steel and Aluminum Tariffs
In February 2025, President Trump reinstated and expanded the Section 232 tariffs on all steel (including stainless steel products) and aluminum imports, setting a flat 25% duty effective March 12, 2025 (what’s known as the “Trump Tariffs”). This renewed policy removes all previously negotiated country-specific exemptions and broadens the tariff’s scope to include a diverse […]
