A lack of local availability, plus anti-dumping measures on some third-country imports into the European Union, have further pushed up hot rolled coil prices in Western Europe. Hot rolled coil price surge Offers for the flat rolled product from Western European mills are now €850-900 ($1,015-$1,070) per tonne ex works for May rolling and June […]
Category: Ferrous Metals
Week in Review: Nickel price falls; oil prices remain elevated; Honda temporarily suspends production
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines of the week here on MetalMiner, including coverage of the nickel price, oil prices, housing starts and more. Overall, steel prices continue to rise. Meanwhile, after experiencing significant price declines, lead and nickel […]
This Morning in Metals: European Parliament passes Carbon Border Adjustment Mechanism
This morning in metals news: the European Parliament recently voted on a resolution for a Carbon Border Adjustment Mechanism; China’s steel output reached nearly 175 million tons in January and February; and the US CRC price has widened the spread with the China CRC price. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring […]
US steel production steady as imports ramp up to start the year
The US steel sector’s capacity utilization rate posted another incremental gain — this past week rising to 77.7% — as steel production remains steady, but buyers continue to face challenges in securing supply. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Steel […]
This Morning in Metals: U.S. Steel bullish on market fundamentals
This morning in metals news: U.S. Steel offered a bullish view of the steel market in its first-quarter guidance; the Chinese steelmaking city of Tangshan is moving to tackle pollution; and the tin price has bounced back up over the last two weeks. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]
Stainless MMI: Nickel price drops on Tsingshan supply news
The Stainless Monthly Metals Index (MMI) rose by 4.3% for this month’s reading, as news of a supply deal by China’s Tsingshan Holding Group helped push the nickel price downward. Sick of not finding good price indexes for stainless steel? Check out the MetalMiner stainless steel should-cost model — detailed price-per-pound info for grade, form, […]
Raw Steels MMI: As steel price gains slow, could a peak be near?
The Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow. Steel price gains appear to slow Steel price rises have continued, much to the chagrin of buyers battling for hard-to-get supply. However, the pace of the price gains has started […]
Week in Review: ArcelorMittal and GFG; copper prices; China’s Five-Year Plan
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of ArcelorMittal, copper prices, China’s latest five-year plan and much more: Week of March 8-12 (ArcelorMittal, China’s Five-Year Plan and more) Australia’s Lynas Rare Earths reported its half-year […]
China’s steel industry facing increasing environmental constraints
Many areas, industries (including the China steel sector) and, indeed, societies are under threat from pollution. In many emerging markets, economic growth has come at the stark price of appalling levels of pollution. But the Financial Times suggested that in China, home of the largest steel and aluminum industries in the world by far, steel […]
This Morning in Metals: Nucor to build new tube mill in Midwest
This morning in metals news: Nucor announced plans to build a new tube mill in the Midwest; meanwhile, the Bureau of Labor Statistics released the Consumer Price Index summary for February; and the oil price pulled back slightly this week. Nucor to build new tube mill Nucor Corporation said Tuesday its Board of Directors had […]