Global crude steel production in April fell 13% compared to April 2019 production, the World Steel Association recently reported.
Category: Ferrous Metals
This Morning in Metals: U.S. steel imports down 20% this year
This morning in metals news, U.S. imports of steel were down 20% through the first four months of the year, a primary aluminum production plant in Brazil part-owned by Norsk Hydro is restarting after an earlier power outage and China is importing U.S. copper concentrate after Chinese companies won tariff relief.
Week in Review: Mitigating steel price spikes; supply chain impacts; lead, zinc surpluses
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:
This Morning in Metals: U.S. steel production last week fell 36.6% year over year
This morning in metals news, U.S. steel production levels were down significantly last week, the Census Bureau released April steel import totals and copper prices dipped Wednesday.
MetalMiner’s Don Hauser on the falling steel market: don’t get comfortable, because prices will rise
Steel prices have been caught in a long-term downtrend since the summer of 2018 and, more recently, have faced a decline in demand related to the COVID-19 pandemic. Steel mills have suspended production at furnaces around the country amid the drop in demand, particularly from users like the automotive sector. After suspending production in March, […]
A Memorial Day review of the top 10 most-viewed posts of 2020 (so far)
The first five months of 2020 have been quite busy ones for the world of metals. Request a 30-minute demo of the MetalMiner Insights platform now. On this Memorial Day, let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Oil price collapse is far from […]
Week in Review: Stainless steel prices; Novelis-Aleris developments; SAIL looks to export markets
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:
This Morning in Metals: Cleveland-Cliffs to raise flat-rolled steel prices
This morning in metals news, Cleveland-Cliffs announced plans to increase its flat-rolled steel prices, China’s copper inventories have declined and the iron ore price moved up near $100 per ton Thursday.
Steel Authority of India Ltd. looks to export market as domestic demand drops
Once, it used to be a major supplier of steel for most of India’s domestic consumers. But with COVID-19 and its subsequent lockdowns and the almost overnight disappearance of the steel market, the public company Steel Authority of India Ltd (SAIL) finds itself painted into a corner.
Stainless price rises offer a hint of support for nickel
Nickel prices have seen support in recent months more from supply-side concerns. Initially, support came from bringing forward of Indonesia’s raw material export ban. More recently, support came from concerns the coronavirus pandemic would shut down mines in the Philippines and Indonesia, in addition to disruption of shipping to top consumer China.