This morning in metals news: MetalMiner’s January 2022 Monthly Metal Outlook (MMO) report is now available; steel capacity utilization for the week ending Jan. 1, 2022, fell to 80.6%; and, lastly, U.S. job openings declined in November. Request a 30-minute demo of the MetalMiner Insights platform now. January 2022 MMO report MetalMiner has kicked off […]
Category: Ferrous Metals
This Morning in Metals: Nickel prices consolidate; NAS reduces fuel surcharge; US LNG exports surged in H1 2021
This morning in metals news: nickel prices have consolidated in December; North American Stainless announced a reduction in its fuel surcharge; and, lastly, the Energy Information Administration reported U.S. liquefied natural gas exports reached a record high in the first half of 2021. Are you under pressure to generate stainless steel cost savings? Make sure […]
This Morning in Metals: Steel prices cool to close 2021
This morning in metals news: steel prices continue to cool heading toward the year’s end, MetalMiner Insights data indicate; meanwhile, global crude steel production continued to decline in November; and, finally, the U.S. exported more petroleum and crude oil products than it imported in the first half of 2021. Cut-to-length adders. Width and gauge adders. […]
ArcelorMittal Nippon Steel to build 23 million ton per year steel facility
One of the world’s largest steelmakers, ArcelorMittal Nippon Steel, will invest ₹1 trillion (approx. U.S. $13 billion) to put up a 24 million ton per annum (MTPA) integrated greenfield steel facility in India’s eastern province of Odisha, India Today reported. The project will generate 16,000 direct employment opportunities and other related indirect employment jobs through […]
2021 in Review: Stainless steel stories of the year on MetalMiner
Continuing our review of 2021 — we previously recapped the most-viewed carbon steel and aluminum articles of the year — today we’ll take a look at stainless steel. As MetalMiner analyst Nichole Bastin noted earlier this month, nickel prices surged to a seven-year high in November. More than two-thirds of global nickel production goes toward […]
2021 in Review: Most-read carbon steel, carbon steel price articles on MetalMiner
As the year draws to a close, let’s take a look back at the MetalMiner stories that proved to be most popular with readers this year, starting with carbon steel. As with metals as a whole, steel prices experienced a rocky 2020 after the onset of the coronavirus pandemic. This year, however, proved a different […]
Week in Review: Steel prices decline; inflation’s impact on metals; US stainless steel output forecast to rise 16%
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 […]
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. […]