This morning in metals news: Rio Tinto announced it is working with Komatsu to develop zero-emission mining haulage solutions; meanwhile, Norsk Hydro announced new investments in North America; and, lastly, U.S. steel prices continue to rise, although the pace of gains has slowed somewhat. You want more MetalMiner on your terms. Sign up for weekly […]
Category: Ferrous Metals
China aims to further reduce steel output
The world’s largest steel producer and exporter, China, is actively contemplating adding more curbs to halt environment pollution which, most likely, will reduce its steel output and dampen exports. That’s good news for some of China’s neighbors steel-producing rivals, India and Japan. Stop obsessing about the actual forecasted steel price. It’s more important to spot […]
This Morning in Metals: Steel capacity utilization reaches 85.0%
This morning in metals news: U.S. steel capacity utilization reached 85.0% for the week ending July 31; meanwhile, U.S. energy intensity has dropped by about half since 1983; and, lastly, compensation costs for U.S. civilian workers rose by 0.7% from March to June. You want more MetalMiner on your terms. Sign up for weekly email […]
Week in Review: Stainless demand; global crude steel production; tin prices
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, including stainless demand, a drop in global crude steel production and much more: We know what you should be paying for metals — MetalMiner should-cost models are the ultimate savings […]
June global crude steel production drops 4.0% month over month
While global steel production levels remain well ahead of levels seen at the same time last year — when the COVID-19 was still only in its early days and demand had not yet had a chance to bounce back — output levels in June did fall compared with the previous month. According to the World […]
This Morning in Metals: Steel capacity utilization rises to 84.6%
This morning in metals news: the U.S. steel capacity utilization rate rose further to 84.6% last week; miner BHP announced a nickel supply agreement with Tesla; and, lastly, crude oil imports have been on the rise over the last four weeks. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
US steel imports jump 13% in June
U.S. steel imports reached an estimated 2.6 million metric tons in June, the Census Bureau reported today. The total marked a jump of 13% from the 2.3 million metric tons the U.S. imported in May. US steel imports rise Furthermore, through May, U.S. steel imports totaled 10.7 million metric tons, up 7% from 10.0 million […]
Stainless demand drives nickel prices
It is reassuring to see a metal price driven by good old fundamentals. With so much buzz around supercycles and electrification, the impact of the speculative element in pricing has been much in evidence this year for products like copper and oil. But according to a recent Reuters post, solid supply and demand fundamentals are […]
This Morning in Metals: South Korean steelmaker POSCO reports strong Q2
This morning in metals news: South Korean steelmaker POSCO reported its strongest operating profit in Q2 since Q3 2010; the United States International Trade Commission made a determination regarding steel wire mesh from Mexico; and, lastly, tin prices have been soaring. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should […]
MetalMiner experts talk steel, aluminum and more on ROTH Capital Partners webinar
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 […]