This morning in metals news: U.S. steel capacity utilization reached 75.4% for the week ending Jan. 9; General Motors announced the launch of BrightDrop; and Rusal America announced a new line of aluminum additive manufacturing powders. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups […]
Category: Ferrous Metals
This Morning in Metals: U.S. goods and services deficit hits $68.1M in November
This morning in metals news: the Census Bureau and Bureau of Economic Analysis reported the U.S. goods and services deficit totaled $68.1 billion in November; the Brazilian state of Minas Gerais is hoping to win a compensation deal from miner Vale; and the American Iron and Steel Institute released steel import data for December. MetalMiner […]
This Morning in Metals: AISI releases first weekly raw steel production numbers of 2021
This morning in metals news: the American Iron and Steel Institute released its first report on U.S. raw steel production for 2021; Nippon Steel eyes its net-zero emissions goals; and, lastly, the U.S. hot-rolled coil price continues to surge. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting […]
Turkey steel exports draw interest due to location, lower costs
While Turkey’s finished steel products enjoy local demand, lower costs and the country’s location between Europe and Asia have also made steel exports from there attractive, market watchers told MetalMiner. Turkey’s trade in steel exports came to 9.4 million mt in the first seven months of 2020. The total is down 12.1% year over year […]
This Morning in Metals: Steel imports down 22.1% through November
This morning in metals news: U.S. steel imports dropped 22.1% year over year through the first 11 months of the year; the U.S. international trade deficit rose by 5.5% from October to November; and global aluminum production totaled 5.47 million metric tons in November. Steel is cool. Follow us on LinkedIn to hang out with […]
Best of 2020: Top steel posts of the year
Continuing our look back at the best of 2020, today we’ll take one last review of the top steel posts of the year here on MetalMiner. As with metals as a whole, steel prices experienced a rocky 2020. The coronavirus pandemic slammed metals demand overall, including steel demand. The automotive industry idled production at the […]
This Morning in Metals: U.S. Steel sells Keystone Industrial Port Complex for $160M
This morning in metals news: U.S. Steel sold the Keystone Industrial Port Complex for $160 million; ArcelorMittal and Nippon Steel will build a new electric arc furnace at their joint venture in Alabama; and, finally, the aluminum price has retraced slightly in December. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what […]
Chinese steel scrap imports could be market mover in 2021
There has been quite a bit of analyst chatter about the likely impact of China’s return to the steel scrap market next year. In 2019, the authorities essentially banned steel scrap imports. The move came, in part, because many of the grades were classified as waste. However, of late the rumor is China will be […]
This Morning in Metals: Steel capacity utilization rate reaches 73.2%
This morning in metals news: U.S. steel capacity utilization jumped to 73.2% last week; ArcelorMittal signed an investment agreement with Invitalia; and, lastly, the Aluminum Association congratulated two of President-elect Joe Biden’s cabinet nominations. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. U.S. steel capacity […]
Week in Review: Organic molecules and machinability; gold prices; allocation market for steel
Before we head into the penultimate weekend of 2020, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including: research findings related to organic molecules’ impact on machinability; gold prices; and the arrival of an allocation market for steel-buying organizations, as explained by MetalMiner CEO […]
