If we were worried about China’s dominance of global steel output over the last decade, the next decade is looking like it may be even worse. Having bounced back robustly this year from severe coronavirus lockdowns in Q1, China is on track to top 1 billion tons of steel production by the end of 2020, […]
Category: Ferrous Metals
Global crude steel production rises 7% in October, paced by China
Not surprisingly, China paced a significant jump in October 2020 crude steel production. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! October 2020 crude steel production up 7% October 2020 global crude steel production has bounced back after a down spring […]
U.S. steel imports rise 27% in October
U.S. steel imports totaled 1.4 million metric tons in October, up from 1.1 million metric tons the previous month, the Census Bureau reported. Do you know the five best practices of sourcing metals including steel? U.S. steel imports pick up Although U.S. steel imports are down for the year, October imports picked up. U.S. steel […]
This Morning in Metals: Steel capacity utilization rate reaches 71.5%
This morning in metals news: the U.S. steel capacity utilization rate reached 71.5% last week; the Energy Information released its monthly energy review; and the nickel price continues to move upward. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up today. Steel capacity utilization rate hits 71.5% The U.S. […]
Week in Review: Tata Steel looks to sell European assets; steel capacity rises; Nucor signs power purchase agreement
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including Tata Steel and its attempt to spin off its European assets, the U.S.’s rising steel capacity utilization rate, China’s economic recovery and its impact on metals prices, and much […]
European steel review, Part 2: Interest in Central European steel sector from the East
Interest in the Central European steel sector came not only from the West, but also from further East. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Interest in Central European steel assets Ukrainian group Industrial Union of Donbass (ISD) acquired Hungarian integrated flats producer Dunaferr in 2004. The group […]
European steel review, Part 1: Central, Eastern Europe offer mixed picture
(Editor’s Note: This is the first of a two-part review of the European steel sector.) While steelmakers east of Berlin are working to meet rising demand, others are facing myriad technical and regulatory challenges. Those challenges include a global pandemic that has severely impacted economies, industry watchers and market participants told MetalMiner. Sign up today […]
This Morning in Metals: Steel capacity utilization rises to 71.4%
This morning in metals news: the U.S.’s steel capacity utilization rate reached 71.4% for the week ended Nov. 14; a survey by INVERTO took a look at procurement trends during the COVID-19 pandemic; and steel prices continue to rise. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Capacity utilization […]
Week in Review: Copper price gains; gold’s one-day plunge; steel imports down 22%
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including the copper price, oil price gains and steel imports: The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental […]
This Morning in Metals: U.S. steel imports down 22% through October
This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst […]