The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value. Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up […]
Category: Ferrous Metals
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
Tata Group in negotiations with U.K. over possible state bailout
Despite talks of negotiations over a potential Tata Group bailout in the U.K., the Indian firm has proved itself a generally good steward of the businesses it has purchased in the U.K. over the years. In hindsight, its purchase of Jaguar Land Rover from Ford for U.S. $2.3 billion in June 2008 was a steal. […]
Week in Review: Rising copper price; RARE Act; MetalMiner 2021 Annual Outlook
It was another action-packed week in the world of metals, including coverage from Stuart Burns on the rising copper price, developments in the rare earths sector and the release of the MetalMiner 2021 Annual Outlook report. The 2021 Annual Outlook is an invaluable resource for metals buyers preparing to set their spend for the year […]
This Morning in Metals: U.S.’s July 2020 steel shipments down 25.6%
This morning in metals news: July steel shipments fell by 25.6%; Nucor announced its 190th consecutive quarterly dividend; and the Energy Information Administration released its September Short-Term Energy Outlook. We’re offering timely emails with exclusive analyst commentary and best practice advice – and you choose how often you receive it. Sign up today. July 2020 […]
This Morning in Metals: India to limit copper, aluminum imports
This morning in metals news: India is looking to curb its imports of copper and aluminum; Rio Tinto and Turquoise Hill reached a financing agreement for the Oyu Tolgoi underground mine project; and Germany’s steel industry needs state aid. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. India targets […]
U.S. steel sector capacity utilization rate rises two percentage points
After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior […]
Week in Review: China automotive sales; steel capacity utilization; steel scrap prices
Before we head into the long Labor Day weekend, let’s take a look back at the week that was in the world of metals. Automakers released August sales reports, mostly showing sales remain down compared with 2019 levels. Meanwhile, for the week ending Aug. 29, U.S. steel mills’ capacity utilization fell compared with the previous […]
This Morning in Metals: Nucor to open Frostproof steel plant by end of year
This morning in metals news: steelmaker Nucor will open a new steel plant in Florida by the end of this year; U.S. gasoline prices are low heading into the Labor Day weekend; and Chinese demand continues to power high iron ore prices. 5 Mistakes Buyers Can Make When Sourcing Steel Nucor to open steel plant […]
This Morning in Metals: U.S. energy exports, imports nearly equal in May
This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want […]