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 Airbus–Boeing subsidy saga, industrial production, Liberty Steel’s bid for German firm Thyssenkrupp’s steel division and much more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides […]
Category: Ferrous Metals
This Morning in Metals: Global groups renew call to target steel overcapacity
This morning in metals news: global steel groups renewed calls for the Global Forum on Steel Excess Capacity to continue its work targeting steel overcapacity; Freeport-McMoRan released its Q3 financial results; and, finally, U.S. natural gas exports to Mexico have increased. Stop obsessing about the actual forecasted steel price. It’s more important to spot the […]
Indian domestic steel demand recovers to pre-pandemic levels
After a period of negative news following the COVID-19 pandemic, there’s finally some cheer for India’s steel industry, particularly related to Indian domestic steel demand. Domestic steel demand has bounced back to pre-COVID levels. Automotive and white goods sector demand have driven the steel demand recovery. Are you on the hook for communicating the company’s […]
U.S. steel sector capacity utilization rate rises to 69.4%
The U.S. steel sector continued to show incremental gains in capacity utilization last week. Capacity utilization by U.S. mills rose to 69.4% for the week ending Oct. 17, 2020, according to the American Iron and Steel Institute (AISI). See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for […]
This Morning in Metals: Ford’s China sales rise by greatest amount since 2016
This morning in metals news: Ford’s China sales posted their largest year-over-year increase in Q3 since 2016; overall automotive sales in China gained 12.8% year over year; and Liberty Steel Group announced it has made an offer to acquire German firm Thyssenkrupp’s steel business. Does your company have an aluminum buying strategy based on current […]
Week in Review: Nickel market; China’s economic recovery; October MMI report
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including: the nickel market; aluminum prices on the SHFE and LME; China’s metals rebound; and much more. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week […]
What does China’s environment pledge mean for its massive steel sector?
According to the Financial Times, China’s President Xi Jinping surprised the global community by announcing last month a hugely ambitious plan to improve China’s environment and make the country carbon-neutral by 2060. In addition, he said the country’s emissions would peak before 2030. But does this really mean anything? If it does, what impact will […]
This Morning in Metals: August 2020 steel shipments fall 22.9%
This morning in metals news: August 2020 steel shipments by U.S. steel mills fell 22.9% year over year; Norsk Hydro announced the termination of a memorandum of understanding; and, finally, the copper price made mid-week gains. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
Stainless MMI: U.S. stainless imports surge as surcharges move up again
The Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, including stainless steel? U.S. stainless imports rise 76% The U.S. Department of Commerce reported the U.S. imported a total of 91,600 metric tons of […]
Raw Steels MMI: Steel market recovery shows strength
The Raw Steels Monthly Metals Index (MMI) increased 2.8% for this month’s index value amid a steel market recovery. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. Steel market recovery All U.S. forms of steel prices increased throughout September. HRC, CRC and HDG prices increased rapidly […]