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 […]
Category: Ferrous Metals
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 […]
Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’
Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization […]
This Morning in Metals: U.S. Steel unveils new sustainable steel product line
This morning in metals news: U.S. Steel announced it will offer a new sustainable steel product line called verdeX™; meanwhile, Intel will invest $20 billion toward two new factories to serve the “incredible global demand for semiconductor manufacturing”; and, lastly, Century Aluminum announced a power contract in South Carolina for its Mt. Holly aluminum smelter. […]
US steel capacity utilization dips slightly to 77.3%
The US steel sector’s capacity utilization rate has consistently posted gains since a trough last spring at the outset of the COVID-19 pandemic. This past week, however, the capacity utilization rate fell slightly. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up today. Capacity utilization dips to 77.3% […]
Tangshan steel curbs could have ripple effect on steel, iron ore
The recent curbs on steel making by the local government in one of China’s largest steel-producing cities, Tangshan, may have a cascading effect on steel procurement & demand, as well on iron ore supplies, some experts believe. The Tangshan restrictions are in effect from March 20 to Dec. 31, 2021. Among other things, the restrictions […]