This morning in metals news: U.S. steel capacity utilization dipped to 84.9% last week; North American Stainless said it is maintaining fuel surcharge; and, lastly, RUSAL earlier this month reported its interim H1 2021 results. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Steel capacity utilization […]
Category: Ferrous Metals
Hot rolled coil prices in Western Europe take a fall amid holiday season
Higher stock levels and summer holidays have seen prices for hot rolled coil in Western Europe move off since late July, industry watchers said. “I have the impression that people are not fully back yet from their holidays,” one source said. Those who have returned are now either taking a wait-and-see approach to any new […]
EUROFER: EU steel demand shows growth in early 2021
As has been well documented by now, demand for a wide variety of materials plunged on the heels of the onset of the COVID-19 pandemic last year. Among those materials, of course, is steel. Consumer demand for steel-using products declined and construction projects came to a halt. However, data from the European Steel Association show […]
Global crude steel production drops for second straight month
Global crude steel production fell month over month for the second straight month in July, the World Steel Association reported this week. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. Global crude steel production […]
July witnesses an increase in steel imports to the United States, driven by a surge in blooms, billets, and slabs
U.S. steel imports totaled 2.7 million metric tons in July, the Census Bureau reported this week. The total marked an increase from 2.6 million metric tons in June. Are you under pressure to generate steel cost savings? Make sure you are following these five best practices. US steel imports paced by blooms, billets and slabs […]
This Morning in Metals: US steel imports up 17.4% this year
This morning in metals news: U.S. steel imports are up by 17.4% in the year to date, the American Iron and Steel Institute reported; meanwhile, Toyota Motor is imposing its biggest price hike on steel materials in over a decade, according to Nikkei Asia; and, lastly, the WTI crude oil price has ticked up this […]
Steel capacity utilization ticks back up to 85.0%
U.S. steel capacity utilization picked back up to 85.0% for the week ending Aug. 21, the American Iron and Steel Institute (AISI) reported. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Steel capacity rises U.S. steel capacity […]
This Morning in Metals: Chinese steelmakers Ansteel, Ben Gang to merge
This morning in metals news: two Chinese steelmakers are merging to form the world’s third-largest steelmaker; the LME aluminum price lost some ground last week; and, lastly, July construction employment continued to lag in the U.S. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of […]
Week in Review: Shipping sector woes; oil prices fall; Toyota announces production cuts
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: Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Week of Aug. 16-20 […]
This Morning in Metals: Steel capacity utilization dips to 84.7%
This morning in metals news: U.S. steel capacity utilization fell to 84.7% last week, the American Iron and Steel Institute reported; meanwhile, Glencore signed a cobalt supply deal with Britishvolt; and, lastly, the Department of Energy released a brief on investment in solar energy. Do you know which market conditions are best with different steel […]