The Stainless Monthly Metals Index (MMI) increased by 5.3% for this month’s index value, as this month we touch on Chinese stainless production, South Africa’s proposed chrome export tax and more. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Chinese stainless steel market The […]
Category: Ferrous Metals
China’s steel trade is returning to form as import-export balance recalibrates
We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 71.1%
This morning in metals news: the U.S. steel sector’s capacity utilization rate rose to 71.1% last week; WTI crude oil has bounced back up over the last week; and Arconic recently released its Q3 financial results. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
Raw Steel MMI: U.S. steel prices continue uptrend
The Raw Steels Monthly Metals Index (MMI) increased by 5.4% this month, as U.S. steel prices continued to rise last month. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! U.S. and Chinese prices relation U.S. steel prices continued to increase in […]
This Morning in Metals: Nucor reaches deal to buy Arkansas paint line facility
This morning in metals news: Nucor Corporation has reached an agreement to acquire the Precoat Metals Corporation’s paint line facility in Armorel, Arkansas; Constellium recently released its Q3 financial results; and the U.S. HRC price continues to rise. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Construction, automotive sectors keep West European flats in strong shape
Prices for hot-rolled coil in Western Europe have continued their upward trend in October and November. Mills report solid bookings well into 2021, market participants said. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. Hot-rolled coil deals Offers and transactions over the previous week on […]
worldsteel: Global crude steel production through nine months down 3.2%
Global steel production for the first nine months of 2020 fell by 3.2% year over year to 1.35 billion tonnes, the World Steel Association (worldsteel) stated on October 23. Production over the same time in 2019 was slightly over 1.39 billion tonnes, the Brussels-based organization stated. Do you use cost breakdowns in your steel negotiations? […]
U.S. steel sector’s capacity utilization rate rises to 69.7%
Continuing the theme of the last few months, the U.S. steel sector continued to make gains in capacity utilization last week. We know there are many popular steel contracting indices. But you shouldn’t use them all the time — sometimes they can favor the seller over the buyer. See why! Steel capacity utilization rises to […]
U.S. steel imports dip over 8% from August to September
U.S. steel imports dipped 8.3% from August to September, according to U.S. Census Bureau data released Monday. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. U.S. steel imports in September In September 2020, the U.S. imported 1.1 million metric tons on steel products, down from […]
Western European steelmakers expect improved 2021 but remain cautious
West European steelmakers are likely to see improvements in production and demand for their rolled products in 2021, following the adverse economic effects due to COVID-19 in 2020, industry watchers predicted. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Better 2021 for […]