This morning in metals news: miner Anglo American announced the results of a feasibility exploring the potential for hydrogen in the South African economy; General Motors last week announced plans to double its revenue; and, lastly, steel prices have showed signs of flatlining of late. Stay up to date on MetalMiner with weekly updates – […]
Category: Ferrous Metals
Week in Review: Energy crisis in China, India; auto sales; copper demand doubts
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: Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. Week of Oct. 4-8 Stuart Burns on the energy crisis in China. […]
Thyssenkrupp Steel restarts blast furnace at Duisburg plant
Thyssenkrupp Steel (TKS) has restarted at the Duisburg plant its blast furnace No. 1. The restart comes after a three-month stoppage for a partial reline, the German steelmaker and flats producer announced. MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and part suppliers. Explore the models […]
This Morning in Metals: Nucor launches line of net-zero carbon steel products
This morning in metals news: Nucor Corporation announced the launch of a line of net-zero carbon steel products; meanwhile, the American Iron and Steel Institute released September import permit application data; and, finally, average U.S. home mortgage rates continue to hover around 3%. Are you under pressure to generate steel cost savings? Make sure you […]
Automotive MMI: Semiconductor shortage, low inventory weigh on Q3 auto sales
The Automotive Monthly Metals Index (MMI) held flat for this month’s reading, as U.S. auto sales slumped in Q3. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US auto sales slip in Q3 General Motors reported its third-quarter sales fell from 665,192 […]
This Morning in Metals: Steel capacity utilization falls to 84.8%
This morning in metals news: U.S. steel capacity utilization dipped to 84.8% last week; meanwhile, General Motors signed a memorandum of understanding with GE Renewable Energy to develop a rare earths supply chain; and, lastly, the United States Trade Representative commented on potential targeted exclusions for the Section 301 tariffs on Chinese goods implemented during […]
Construction MMI: Construction spending flat in August
The Construction Monthly Metals Index (MMI) fell for this month’s value, as U.S. construction spending came in virtually unchanged from the previous month. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. US construction spending U.S. construction spending in August reached a […]
Global crude steel production down in August, China’s drops 5.3%
Global crude steel production fell by 1.4% year over year in August, the World Steel Association reported. Do you know which market conditions are best with different steel contracting mechanisms? Check out our best practices on this topic. Global crude steel production falls, including in China Global crude steel production fell by 1.4% to 156.8 […]
This Morning in Metals: Steel capacity utilization rises to 85.2%
This morning in metals news: U.S. steel capacity utilization reached 85.2% for the week ending Sept. 25; meanwhile, most planned U.S. battery storage additions in the next few years will be paired with solar; and, lastly, unemployment rates in August declined in nearly all metropolitan areas. Steel prices have been rising for over a year, […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]
