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 […]
Category: Ferrous Metals
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 […]
This Morning in Metals: MetalMiner December Annual Outlook update is out
This morning in metals news: the MetalMiner December update to the Annual Outlook report is now out; the U.S. steel capacity utilization rate fell to 70.9% for the week ended Dec. 12; and Alcoa last month announced plans to sell its rolling mill business. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing […]
Stainless MMI: Producers wary to ramp up capacity
The Stainless Monthly Metals Index (MMI) increased by 3.8% for this month’s index value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. producers wary to ramp up capacity Demand from automotive and white goods manufacturers has been strong in the […]
Automotive MMI: Ford returns to monthly sales reporting
The Automotive Monthly Metals Index (MMI) gained 9.6% for this month’s index value, as U.S. auto sales continue to show resilience. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. U.S. auto sales General Motors switched from monthly to quarterly sales reporting in 2018; Ford followed suit […]
This Morning in Metals: U.S. Steel to acquire remaining equity of Big River Steel for $774 million
This morning in metals news: U.S. Steel today announced it will acquire the remaining equity of Big River Steel for $774 million; meanwhile, the U.S. steel sector’s capacity utilization rate for the week ended Dec. 5 reached 71.4%; and, finally, the Aluminum Association recently penned a letter to Secretary of Commerce Wilbur Ross criticizing the […]
High demand for HRC, low availability prompt Western Europe mills to seek price hikes
HRC mills in Western Europe continue to seek higher prices for hot rolled coil on high local demand and low availability, traders told MetalMiner. End users are also trying to hedge their positions because November and December are the two months when they build up stocks before year’s end, traders said. Cut-to-length adders. Width and […]