The U.S. steel capacity utilization rate dipped to 84.7% last week, the American Iron and Steel Institute (AISI) reported Monday. The rate declined from 85.3% the previous week. Do you know the five best practices of sourcing metals, including steel? U.S. steel output dips Production last week totaled 1.87 million net tons, AISI reported. The […]
Category: Ferrous Metals
This Morning in Metals: Steel capacity utilization hits 85.3%
This morning in metals news: U.S. steel capacity utilization reached 85.3% last week; meanwhile, Lightsource bp touted the launch of a Colorado solar project and the world’s “first steel mill to be powered largely by solar energy”; and, lastly, Rio Tinto announced new decarbonization targets. We’re offering timely emails with exclusive analyst commentary and some […]
This Morning in Metals: Steel demand to rise 4.5%, World Steel Association forecasts
This morning in metals news: the World Steel Association forecast steel demand to rise by 4.5% this year; U.S. import prices increased in September; and, lastly, the Energy Information Administration forecasts U.S. coal-fired electricity generation will increase this year for the first time since 2014. Are you under pressure to generate steel cost savings? Make […]
What’s next for US Section 232 tariffs on EU steel, aluminum?
Talk of trade meetings are usually met with a yawn and click to the next news item. However, last week’s meeting between the E.U. and the U.S. in Pittsburgh may be one event worth following. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each […]
Week in Review: Aluminum prices remain elevated; power costs weigh on metals producers; IEA releases World Energy Outlook
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including aluminum prices, rising power costs and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner […]
Rising raw material prices push Indian steel prices up
Steel prices in India have nearly doubled over the last year, reflective of rising steel prices across the globe. But for India, several factors such as a steep rise in the prices of raw material like iron ore — and of late, coking coal — have contributed to the steep hike. Due to China’s decision […]
This Morning in Metals: Consumer Price Index rises 0.4% in September
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 […]
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 – […]