This morning in metals news: US steel sector capacity utilization fell to 77.6% last week; US import prices rose in March; and the WTI crude price continues to hang steady. 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 […]
Category: Ferrous Metals
Stainless MMI: Strike continues at ATI; nickel price plunges then stabilizes
The Stainless Monthly Metals Index (MMI) dropped by 10.4% for this month’s reading, as the ATI strike continues into its third week. Do you know the five best practices of sourcing metals, including stainless steel? ATI strike continues The United Steelworkers union’s strike at nine Allegheny Technologies Inc. (ATI) facilities continues into its third week […]
Green steel on its way to an auto or other consumer product near you
Whether we agree with the rationale or not, the carbon footprint of everyday materials like steel and aluminum is becoming an increasingly important component of consumers’ purchasing decisions. In the US, some states — like California — have mandated purchasing departments for state projects to report the carbon footprint or CO2 content of the products […]
This Morning in Metals: Industrial energy-related CO2 emissions down by 8% in 2020
This morning in metals news: energy-related emissions from the US industrial sector fell by 8% in 2020; meanwhile, Chinese steel production remains strong despite production curbs in Tangshan; and, lastly, GlobalData forecast Chile’s copper production will rise by 3.7% this year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
Week in Review: US steel capacity utilization; European steel; copper market shift
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week in Review, April 5-9 (steel capacity utilization, […]
This Morning in Metals: US steel capacity utilization reaches 77.9%
This morning in metals news: the US steel capacity utilization rate ticked up to 77.9% last week; Novelis announced new sustainability targets; and the United States International Trade Commission (USITC) issued a ruling on seamless carbon and alloy steel standard, line and pressure pipe. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you […]
Construction MMI: February 2021 construction spending dips, pending home sales also down
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 […]
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 […]