During a recent ROTH Capital Partners webinar session, MetalMiner CEO Lisa Reisman and Don Hauser, vice president of business solutions, covered a wide range of metals-related topics, from the recent LME nickel debacle to potential metal price drivers to steel imports and steel prices. US steel imports plunge in February On the last point, Hauser […]
Category: Ferrous Metals
Hot rolled coil prices are increasing in Western Europe.
Hot rolled coil prices in Western Europe have continued to rise. Insecurity of supply for the flat rolled material and the European Union’s blockage of certain steel imports from Russia are pushing prices upward, market sources told MetalMiner. In addition to other forms of steel, the MetalMiner Insights platform includes hot rolled coil prices from […]
Shelling severely damages Azovstal coking plant
Shelling on Metinvest’s longs and flats producer Azovstal has destroyed its ability to operate, local reports and a plant official stated. The plant is in the besieged Ukrainian city of Mariupol. Damage to the site remains unclear at present, sources told MetalMiner. Metinvest officials outside of Ukraine also did not indicate the degree of damage. […]
UK steel tariffs hit imports from Russia
The U.K. government has imposed a 35% import tariff on iron and steel from Russia and Belarus as part of denying the two countries Most Favored Nation tariff for hundreds of their exports. UK steel tariffs hit imports from Russia A March 15 statement from the Department for International Trade and HM Treasury named the […]
Amid rising European steel prices, EU bans imports of Russian steel subject to safeguard measures
We continue to monitor the impact of the Russian invasion of Ukraine on steel prices (and other commodities). In that vein, on March 15 the European Commission, the executive body for the European Union, implemented an import ban against Russian steel products currently subject to safeguard measures. EU moves forward with steel import ban The […]
Raw Steels MMI: Drop in US steel prices could hit roadblocks; European steel prices rise
The Raw Steels Monthly Metals Index (MMI) rose by 4.9% month over month, even as U.S. steel prices continue to fall (at least for now). U.S. steel prices, with the exception of plate, continue their descent in spite of curtailments and capacity delays instituted by steelmakers. Hot-rolled coil prices have closed in on the $1,000/st […]
Metal prices climb as world could look to China to fill steel supply gap
The ongoing Russian-Ukraine conflict has impacted metal prices, including steel raw materials, and ferrous products prices. Metal prices, raw materials on the rise Iron ore and coking coal gained the most over the previous week. Meanwhile, steel prices, week over week gained at the Shanghai Futures Exchange. A gradual pickup in Chinese infrastructure demand and […]
Stainless MMI: Trading halted following nickel price spike
The Stainless Monthly Metals Index (MMI) rose by 7.6% from February to March, as the skyrocketing nickel price prompted LME intervention Tuesday. LME suspends trading due to short squeeze Russia accounts for roughly 7% of global nickel supply. So, the possibility for supply disruptions, on the back of mounting sanctions from the West, adds pressure […]
Automotive MMI: Palladium prices, nickel prices surge as sanctions hit Russia
The Automotive Monthly Metals Index (MMI) fell by 0.7% for this month’s value, as palladium prices have surged while steel prices have retreated. Last year, MetalMiner added a suite of precious metals prices to the MetalMiner Insights platform. Russia-Ukraine war, the auto sector and palladium prices The Russian invasion of Ukraine has yielded commodity price volatility […]
Invasion pushes hot rolled coil prices upward in Western Europe
Russia’s invasion of Ukraine has started to push up hot rolled coil prices on Western Europe’s domestic market due to concerns over availability and logistics, industry watchers and market participants said March 1. Keep an eye out for the upcoming Raw Steels Monthly Metals Index (MMI) report, which will include additional coverage of hot rolled […]