The Construction Monthly Metals Index (MMI) ticked up 1.0% for this month’s reading, as US construction spending dipped in February. 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 Construction spending in February reached a seasonally adjusted annual […]
Category: Ferrous Metals
Automotive MMI: Automakers race ahead to strong Q1 2021 auto sales
The Automotive Monthly Metals Index (MMI) rose by 2.5% for this month’s reading, as Q1 2021 auto sales surged. 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 automotive sales The first quarter is in the rear-view mirror. General […]
McKinsey report: European steel faces major challenges in the years ahead
The European steel industry faces three major challenges, following the impacts of the COVID-19 global and the 2008-09 financial crisis, management consultancy McKinsey & Company stated. “European steel producers should consider making a series of short-term operational and medium- to long- term strategic moves to ensure economic and environmental sustainability going forward,” McKinsey said in […]
Week in Review: Steel imports; April 2021 MMO; Suez Canal aftermath
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 the Suez Canal blockage, the April 2021 MMO, Western European hot rolled coil prices and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
US steel capacity utilization ticks up to 77.6%
After dipping slightly the previous week, US steel capacity utilization jumped to 77.6% for the week ending March 27, the American Iron and Steel Institute (AISI) reported. 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 steel capacity utilization […]
Tight supply continues to push hot rolled coil prices upward in Western Europe
Continued tight supply for hot rolled coil in Western Europe has further pushed up prices for the flat product over the past 10 days. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Hot rolled coil heats up Some producers’ offer prices from late last week are now at least […]
United Steelworkers announces ATI strike, citing ‘unfair labor practices’
The United Steelworkers union Monday announced a strike at nine Allegheny Technologies Inc. (ATI) facilities, citing what it calls “unfair labor practices.” The ATI strike, which began at 7 a.m. EDT Monday, marked the first at ATI since 1994, according to media reports. In addition, USW spokesperson Tony Montana told MetalMiner the strike involves workers […]
US steel imports drop 22% in February
US steel imports in February — and through the first two months of the year — are down compared with 2020, the Census Bureau reported. Do you know the five best practices of sourcing metals, including steel? US steel imports in February down 22% from previous month US steel imports reached 1.71 million metric tons […]
Week in Review: Semiconductor shortage; MetalMiner webinar; rising Midwest Premium
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 coverage of the semiconductor shortage, the Midwest Premium and more. A fire at a Japanese chip-making plant last week has slammed automotive operations. General Motors, Ford and many other automakers have […]
This Morning in Metals: Ford to temporarily idle production of F-150 at Dearborn plant
This morning in metals news: Ford Motor Co. will idle production of its F-150 truck at its Dearborn plant until Sunday; the blockage of the Suez Canal by container vessel Ever Given is having a massive impact on global trade; and, lastly, the UK government is looking at all options to prevent the collapse of […]