Global crude steel production dipped to 169.5 million metric tons in April, down slightly from the previous month, the World Steel Association reported this month. Production in March had reached 170.1 million metric tons. Meanwhile, April output increased 23.3% year over year, up from 137.5 million metric tons in April 2020. Each month, MetalMiner hosts […]
Category: Ferrous Metals
This Morning in Metals: Chinese steel prices take a tumble
This morning in metals news: Chinese steel prices have plunged early this week following Beijing’s weekend warning to commodity speculators; MetalMiner is hosting its monthly webinar tomorrow, May 27, at 11:30 a.m. CDT; and the US Census Bureau released data on April steel imports. Get social with us. Follow MetalMiner on LinkedIn. Chinese steel prices […]
Beijing’s warning to speculators sends metals prices falling
China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling. A meeting held on Sunday between at least five government departments, including the the National Development and Reform Commission (NDRC), concluded that the fight against hoarders and speculators leading to soaring commodities prices would be taken […]
This Morning in Metals: US steel capacity utilization dips slightly to 79.0%
This morning in metals news: the US steel capacity utilization rate reached 79.0% last week; the state-owned Indonesia Battery Corporation and South Korea’s LG will build a $1.2 billion battery plant in Indonesia; and the copper price has cooled since reaching an all-time high earlier this month. Each month, MetalMiner hosts a webinar on a […]
UK steel industry pushes for protectionism — even for steels it doesn’t produce
The phrase “be careful what you wish for” is often used by those who smirk at an unexpected outcome from a decision. But some in the British Conservative party’s so-called Red Wall – those former Labour or center-left voters who swung behind the Conservative, or center-right, party in supporting Britain’s departure from Europe — must […]
Week in Review: Copper overheating?; cobalt pilot project; MetalMiner webinars
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 copper price developments, an upcoming MetalMiner webinar and more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and […]
This Morning in Metals: MetalMiner webinar to cover allocation markets, signs buyers should monitor
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 […]
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 […]