This morning in metals news: U.S. steel imports fell in June; Freeport-McMoRan reported its Q2 and first-half results; and Norsk Hydro’s underlying EBIT for the second quarter gained compared with Q2 2019.
Category: Ferrous Metals
Week in Review: Housing starts rise; oil price recovers; shipping lines face challenges
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner:
World Steel Association: global steel production falls 7% in June
Global crude steel production in June fell by an estimated 7% on a year-over-year basis.
This Morning in Metals: U.S. Steel to restart Gary Works blast furnace
This morning in metals news: U.S. Steel plans to restart another blast furnace at its Gary Works; imports of blooms, billets and slabs from Japan have seen a significant jump this year; and silver prices have surged to a seven-year high.
Indian sponge iron manufacturers ask government to restrict iron ore pellet exports
Indian sponge iron manufacturers are looking to the government to limit exports of iron ore pellets.
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.