The U.S. steel sector’s capacity utilization rate rose to 66.1% for the week ending Sept. 26, the American Iron and Steel Institute (AISI) reported. Are you under pressure to generate steel cost savings? Make sure you are following these 5 best practices! U.S. steel capacity utilization gains The rate marked a 1.6 percentage point jump […]
Category: Ferrous Metals
Amid rising metals export profile, could India be the next China?
No, we don’t mean that much-vaunted but still distant dream of India becoming a second China economically — the disparity expands rather than contracts with time — but rather could India become a pariah state after China in terms of feeling the pain of anti-dumping duties, quotas, and tariffs (particularly with respect to Indian metal […]
European steelmakers are at a challenging crossroads
Europe’s steel industry appears to be at a crossroads. Hurting before the coronavirus pandemic-induced lockdowns, the industry struggled with overcapacity, high costs, weak demand and competition from lower-cost sources (like China and Russia). The lockdowns decimated demand. Major consumers, like the automotive sector, which takes something like 20% of European production of flat-rolled steel, according […]
Cleveland-Cliffs reaches $1.4B agreement to acquire ArcelorMittal USA
Cleveland-Cliffs Inc. has reached an agreement to acquire ArcelorMittal USA, the former announced Monday morning. Cliffs will acquire ArcelorMittal USA for approximately $1.4 billion. The deal is expected to close in the fourth quarter, “subject to the receipt of regulatory approval and the satisfaction of other customary closing conditions.” Cleveland-Cliffs (CLF) shares closed today at […]
This Morning in Metals: U.S. steel imports fall to 1.2M metric tons in August
This morning in metals news: U.S. steel imports plunged by more than half from July to August; copper price gains Monday were capped over concerns regarding long-term prospects; and the WTI crude oil price slipped. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you […]
This Morning in Metals: Automotive retail sales forecast to gain for first time since February
This morning in metals news: U.S. automotive retails sales appear to be on the rise this month for the first time since February; U.S. steel imports are down 21%; and the zinc price has slipped nearly 4% over the past month. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
India turns net exporter of steel to China amid weaker domestic demand
India turned a net exporter of steel to China (and other countries) during April-August 2020 for the first time in several years, credit rating agency CRISIL reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. India becomes net exporter amid domestic demand slump […]
This Morning in Metals: Copper price bounces back
This morning in metals news: the copper price bounced back Tuesday after a down Monday session; ArcelorMittal issued a statement on the European Commission’s policy proposals aimed at reducing emissions; and U.S. oil exports have fallen in each month since February. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
U.S. steel capacity utilization for week ending Sept. 19 dips to 64.5%
The steel capacity utilization rate in the U.S. for the week ending Sept. 19 fell to 64.5%. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. Steel capacity utilization rate for week ending Sept. 19 drops The steel capacity utilization rate for the week […]
Indian government prepares policy to develop steel clusters
The Indian government has prepared a draft framework policy for the development of steel clusters in the country, Manufacturing Today reported. Work on the policy, however, started sometime in late 2019 but ran into a hurdle because of the COVID-19 pandemic. Does your company have a steel buying strategy based on current steel price trends? […]
