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, including declining steel prices, a look at inflation’s impact on metals and much more: All the metals intelligence you need in one user-friendly platform with unlimited usage. Request a MetalMiner […]
Category: Ferrous Metals
This Morning in Metals: US steel capacity utilization up to 82.4%, steel prices cool
This morning in metals news: U.S. steel capacity utilization ticked up to 82.4% last week, as steel prices continue to cool; meanwhile, Nucor Corporation announced it is expanding its production footprint by acquiring majority ownership of California Steel Industries; and, lastly, U.S. stainless steel imports declined in October. Request a 30-minute demo of the MetalMiner […]
India to become net exporter of steel to China; US stainless steel output forecast to rise 16%
News reports indicate India is set to become a net exporter of steel to China but will be surpassed by Indonesia as the world’s second-largest stainless steel producer. A new report by a financial credit rating company has forecast that going by current trends, India would turn net exporter of steel to China in this […]
Raw Steels MMI: Steel prices decline; more tariff negotiations
The Raw Steels Monthly Metals Index (MMI) dropped by 7.7% month over month to 108, as steel prices fell in November. The U.S. steel market continues to show weakness. As HRC prices endure week-over week-declines, mill lead times have narrowed to historically average ranges. Want MetalMiner directly in your inbox? Sign up for weekly updates now. […]
Iron ore prices surging on higher imports
It is always a challenge reading markets, whether you look at fundamentals of supply, demand and macro economic developments or whether you are a chartist looking at price trends to see how they compare to previous models, assessing price movement relative to Fibonacci levels and indications from high/low daily pricing data. One issue we repeatedly […]
Week in Review: Aluminum prices move sideways; GM announces rare earth magnet collaboration; copper prices consolidate
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of aluminum prices, a General Motors collaboration with MP Materials aimed at developed a fully integrated U.S. rare earth magnet supply chain and much more: See why technical […]
Stainless MMI: Stainless steel market tight, nickel shows volatility
The Stainless Monthly Metals Index (MMI) held flat this month, while the stainless steel market is tight. Nickel prices appear to have consolidated following the late November spike. As with other base metals, nickel has started to show a high degree of volatility and uncertainty that would suggest a breakout of the current trading range […]
This Morning in Metals: Steel capacity utilization dips to 81.9%, steel prices down
This morning in metals news: steel capacity utilization fell to 81.9%; lead prices have lost ground this month; and, lastly, Liberty Steel announced the restart of its Georgetown, South Carolina plant. During the last MetalMiner webinar of 2021, the MetalMiner team will take a look ahead and overview price predictions for 2022. To attend, sign […]
Construction MMI: YTD construction spending up 7.5%; Nucor to build new rebar micro mill
The Construction Monthly Metals Index (MMI) fell by 6.1% for this month’s reading, as U.S. construction spending rose by 7.5% year over year in the first 10 months of the year. MetalMiner is hosting its final webinar of the calendar year tomorrow — Wednesday, Dec. 8 — during which the MetalMiner team will overview price predictions […]
Automotive MMI: Automotive sales remain constrained by limited supply
The Automotive Monthly Metals Index (MMI) dropped by 0.7% for this month’s reading. Stay up to date on MetalMiner with weekly updates – without the sales pitch. US auto sales Ford Motor Co. reported November U.S. sales increased by 5.9% year over year to 158,793 vehicles. Total truck sales increased by 4.6%. Meanwhile, SUV sales […]
