Indian sponge iron manufacturers are looking to the government to limit exports of iron ore pellets.
Category: Ferrous Metals
U.S. steel sector’s capacity utilization rate continues to inch upward
The U.S. steel sector’s capacity utilization rate inched upward yet again last week.
Week in Review: July 2020 MMI report; silver prices; LME off-warrant stock
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 coverage of silver prices, LME off-warrant stocks, cobalt-free lithium-ion batteries and more:
This Morning in Metals: USITC requests $2.75M to assist in USMCA implementation
This morning in metals news: the United States International Trade Commission asked for an additional $2.75 million in its budget to help it toward implementation of the United States-Mexico-Canada Agreement (USMCA); the World Gold Council released its H1 2020 report; and U.S. beverage makers are grappling with an aluminum can shortage.
Stainless MMI: LME nickel prices contradict market fundamentals
The Stainless Monthly Metals Index (MMI) increased by 3% this month after holding flat for two consecutive months.
Raw Steels MMI: U.S. market still has a steep curve ahead
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI reading.
This Morning in Metals: U.S. steel capacity utilization rises to 57.5%
This morning in metals news: the U.S. steel sector’s capacity utilization rate ticked up this past week; a steel processing company plans to open a new facility in Kentucky on Nucor’s campus; and China’s demand for iron ore from Australia has persisted, despite trade tensions between the two countries.
Aluminum MMI: Aluminum price makes gains, index rises 6.7%
The Aluminum Monthly Metals Index (MMI) increased by nearly 6.7% for this month’s MMI reading.
This Morning in Metals: U.S. steel shipments down 32.9% in May
This morning in metals news: U.S. steel shipments fell 32.9% in May; a Chilean lab is using copper in the fight against COVID-19; and some stores are feeling the effect of an aluminum can shortage.
Construction MMI: May construction spending drops 2.1%
The Construction Monthly Metals Index (MMI) picked up 4.2% this month.