The Raw Steels Monthly Metals Index (MMI) picked up 9.0% for this month’s reading, as steel prices continued ascending this past month. 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. US steel prices continue to […]
Category: Ferrous Metals
This Morning in Metals: US steel capacity utilization dips to 78.1%
This morning in metals news: US steel capacity utilization fell to 78.1% last week; meanwhile, a cyberattack halted operations of a major US pipeline on Friday; and, lastly, US steel prices continue to surge. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets […]
Week in Review: Another commodities supercycle?; rising battery demand; European hot rolled coil prices
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 whether or not we are in a supercycle, rising EV demand and more: MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and […]
This Morning in Metals: Iron ore prices to remain elevated in 2021
This morning in metals news: MetalMiner’s Stuart Burns weighed in on the outlook for iron ore prices and steel prices throughout the remainder of this year; the unemployment rate was unchanged in April; and the copper price has soared past the $10,000 per metric ton mark. Does your company have a steel buying strategy based […]
Hot rolled coil in West Europe moves up, but buyers start to show caution
Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have […]
Construction MMI: Construction spending rises, ABI reflects second consecutive month of billings growth
The Construction Monthly Metals Index (MMI) jumped by 12.1% for this month’s reading, as construction spending picked up in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US construction spending rises US construction spending in March reached a […]
This Morning in Metals: US steel capacity utilization rises to 78.7%
This morning in metals news: US steel capacity utilization picked up to 78.7% last week; the US Census Bureau reported US goods and services trade figures for March; and Ford released its April sales totals. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
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 rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]
European steel producers clamor for early adoption of carbon border tax
Brussels must feel a little like the Dutch boy with his finger in the dike when it comes to emissions. No sooner do you create a solution to one problem – costing carbon dioxide emissions – than you create another – putting your domestic industries at a global disadvantage. The Financial Times reported on calls […]
US steel imports rise nearly 20% from February to March
Preliminary US steel imports reached 2.1 million metric tons in March, the Census Bureau reported earlier this month. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. US steel imports rise, paced by sheets and HDG strip US steel imports picked up in March from the 1.7 […]
