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 […]
Category: Ferrous Metals
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? […]
Week in Review: DOC’s updated SIMA system; steel prices rise; iron ore takes a breather
This week’s coverage included coverage ranging from the announced update to SIMA, iron ore price movements and the U.S.’s decision to rescind the recently reimposed 10% Canadian aluminum tariff. Before we head into the weekend, let’s take a look back at the week that was and all the metals storylines here on MetalMiner. Stay up […]
This Morning in Metals: U.S. steel prices rise
This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you. Steel prices rise U.S. steel prices are on the rise, but […]
This Morning in Metals: USITC maintains duties on rebar from Mexico, Turkey
This morning in metals news: the USITC voted to maintain existing duties on steel rebar from Mexico and Turkey; the U.S. Census Bureau released the latest housing starts data; and General Motors released more information on its next-generation electric vehicle models. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
Stainless MMI: Stainless steel surcharges rise for fourth straight month
The Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Stainless steel surcharges continue to increase Stainless alloy surcharges are rising for […]
This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff
This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these […]