This morning in metals news: The Consumer Price Index (CPI) rose by 0.4% in September; meanwhile, U.S. steel capacity utilization fell to 84.2%; and, lastly, the Energy Information Administration forecasts U.S. households will spend more on energy this winter. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and […]
Category: Ferrous Metals
Stainless MMI: Index declines for first time in five months
The Stainless Monthly Metals Index (MMI) fell by 1.9% for this month’s reading. Do you know the five best practices of sourcing metals, including stainless steel? Base price and surcharge increases North American Stainless (NAS) increased 304, 304L and 316L effective Oct. 1 by reducing the discount by two points. For 304, this is an […]
Chinese iron ore prices rising strongly again despite property market fears
Chinese iron ore prices have certainly been on a roller coaster ride this year, hitting a record high in value terms after a period in which the price had risen and fallen sharply. Futures on the Dalian exchange for delivery in January 2022 are now trading at RMB 777 per ton. That compares with about […]
This Morning in Metals: Job openings, hires decline in August
This morning in metals news: job openings and new hires fell in August, the Census Bureau reported; steel producers in the U.K. are warning of an energy-related crisis; and, lastly, Liberty Steel received a £50 million boost that it says will preserve about 660 jobs. Stay up to date on MetalMiner with weekly updates – […]
ArcelorMittal adds €50 surcharge on European longs products
ArcelorMittal plans to introduce a €50 ($58) surcharge on all of its long products in Europe in order to account for sharply rising energy prices, an official with the Luxembourg-headquartered group said. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. ArcelorMittal introduces new surcharge “The price […]
Raw Steels MMI: Steel prices settle going into the fourth quarter
The Raw Steels Monthly Metals Index (MMI) dropped by 2.4%, as most forms of steel around the world declined, despite coking coal prices being at all-time highs. Do you know the five best practices of sourcing metals, including steel? Global steel production According to the World Steel Association, global steel production declined for the fourth […]
This Morning in Metals: Anglo American explores integrating hydrogen into South African economy
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 – […]
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 […]