MetalMiner experts recently joined ROTH Capital Partners for a webinar that covered a wide range of metals topics, including oil prices, macroeconomic trends, and insights into the aluminum, steel and copper markets. The webinar, which took place July 14, followed up on a previous MetalMiner-Roth webinar on May 20, 10 days after metals surged to […]
Category: Ferrous Metals
This Morning in Metals: Steel capacity utilization rises to 84.1%
This morning in metals news: the U.S. steel capacity utilization rate rose to 84.1% last week; privately owned housing starts jumped in June; and, lastly, Pedro Castillo has been declared president-election in Peru. Does your company have a steel buying strategy based on current steel price trends? US steel capacity utilization rises to 84.1% The […]
Summer, import offers weigh on West European hot rolled coil prices
Prices for hot rolled coil in Western Europe have started to slow on subdued demand, due to the summer season and competitive import offers, market participants told MetalMiner. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Hot rolled […]
Improved economic activity boosts NLMK’s H1 operational results
Novolipetsk Steel (NLMK) reported a 10.8% increase year over year in its crude production for H1 2021. The steelmaker benefited from stronger demand, as economies in Russia and abroad restarted economic activity, the group said. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and […]
This Morning in Metals: Chinese steel exports surge in June
This morning in metals news: Chinese steel exports surged in June, according to General Administration of Customs data; meanwhile, the average cost for U.S. solar power construction continued to decline in 2019; and, lastly, Cleveland-Cliffs released its Sustainability Report 2020. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be […]
Despite emissions goals, China’s steel sector continues to chug along
China’s efforts to curb carbon emissions from the steel manufacturing process have slowed down its steel production. But only to a degree. However, a new report now shows that almost all the major steel mills in its steelmaking hub, Tangshan in Hebei province are back online. A report by industry portal mysteel.com, citing its field […]
This Morning in Metals: ArcelorMittal aims to make Sestao zero-carbon-emissions steel plant
This morning in metals news: ArcelorMittal said it plans to make its Sestao plant zero carbon emissions; meanwhile, the Producer Price Index for final demand increased by 1.0% in June; and, lastly, U.S. steel prices continue to rise. You want more MetalMiner on your terms. Sign up for weekly email updates here. ArcelorMittal announces aim […]
Questions arise over how much further China’s steel price rally can last
Shanghai steel futures extended gains to hit an eight-week high on Monday, according to a post on Nasdaq.com. Futures made further gains overnight, according to MetalMiner’s Insights platform. Rebar and hot rolled coil both hit peaks last seen on May 19, when the market last spiked only to crash after dire warnings from Beijing about […]
Raw Steels MMI: Steel prices remain elevated in tight market
The Raw Steels Monthly Metals Index (MMI) rose by 6.6%, as U.S. steel prices continued their rally. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Production, capability utilization rise According to the World Steel Association, global crude steel production […]
Stainless MMI: ATI, USW reach tentative agreement to end strike
The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing […]
