This morning in metals news: an upcoming MetalMiner webinar will cover the signs metals buyers should look out for when assessing when allocation markets might be coming to an end; meanwhile, Ford Motor Co. took home a prize for advanced high-strength steel innovations; and, lastly, steel prices continue to rise. The MetalMiner Best Practice Library […]
Category: Ferrous Metals
This Morning in Metals: UC Rusal to demerge high-carbon assets, change name to AL+
This morning in metals news: UC Rusal will demerge its high-carbon assets; meanwhile, steel industry groups issued a renewed call to the Biden administration to ask him to keep the Section 232 steel tariff in place; and the copper price has picked back up this week. You want more MetalMiner on your terms. Sign up […]
This Morning in Metals: US steel capacity utilization rises to 79.2%
This morning in metals news: the US steel capacity utilization rate increased by over a percentage point last week; the Census Bureau released data for April residential construction; and average retail gas prices in the US are over $3.00 per gallon for the first time since 2014. With volatile steel markets, knowing which strategy to […]
This Morning in Metals: US, EU to tackle steel, aluminum overcapacity
This morning in metals news: the United States Trade Representative today announced the US and EU will begin discussions aimed at addressing global steel and aluminum overcapacity; meanwhile, the American Iron and Steel Institute (AISI) and United Steelworkers union issued their own statements on the news; and, lastly, three major miners have launched a competition […]
Week in Review: Copper price surges; USW-ATI standoff continues; iron ore booms
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. In addition, our May 2021 Monthly Metals Index (MMI) PDF is now available for download. The PDF summary includes an executive summary, trends chart and portions of each MMI article […]
Stainless MMI: ATI strike continues into seventh week
The Stainless Monthly Metals Index (MMI) increased by 7.0% for this month’s reading, as the ATI strike entered its seventh week this week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues In late March, the United Steelworkers union announced a strike at nine Allegheny Technologies Inc. (ATI) facilities. […]
Raw Steels MMI: Steel prices continue to skyrocket in April, early May
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 […]
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 […]