This morning in metals news, layoffs are coming at ArcelorMittal’s Indiana Harbor steel mill, Japan’s steel output is forecast to plunge and Nevada Copper has suspended its Pumpkin Hollow operations. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Category: Ferrous Metals
Indian steel leaders slash output amid COVID-19 disruption
Like their international counterparts, Indian steel companies are under immense stress because of production and demand disruption in the wake of the COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The Press Trust of India reported Tata Steel and Indian public sector Steel Authority […]
This Morning in Metals: Year-to-date U.S. steel production down 2.7%
This morning in metals news, U.S. steel production during the year to date is down 2.7%, a rise in demand for niche steel products could benefit Chinese steel mills and iron ore shipments from Australia’s Frances Creek mine are set to resume. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
This Morning in Metals: Steel rebar imports from Turkey jump 451%
This morning in metals news, U.S. imports of steel rebar from Turkey surged during the first quarter of this year, the coronavirus outbreak is impacting the stainless steel market and investors are bullish about the long-term prospects of Brazilian miner Vale. – Get metal buying strategies and price alerts for 10 industrial metals. Request an […]
Global crude steel production rises 2.8% in February
Despite the coronavirus outbreak’s widespread humanitarian and economic impact, steel production continued to chug along in February. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the World Steel Association, global crude steel production reached 143.3 million tons in February, up 2.8% compared with February […]
This Morning in Metals: U.S. steel capacity utilization rate hits 80.7%
This morning in metals news, the U.S. steel capacity utilization rate reached 80.7% for the year through March 28, steel industry workers in the Great Lakes region tested positive for the novel coronavirus (COVID-19) and copper clawed back some gains Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Metal users want Section 232 steel tariff relief during coronavirus pandemic
The coronavirus pandemic has made its mark on supply chains, leaving some companies looking for relief. [Any cash influx for your business counts, especially now. View MetalMiner’s recent webinar on how to check if you are eligible for Section 301 tariff refunds and what steps to take to speed up the refund and get a […]
Week in Review: Housing starts surge; aluminum mills go green; iron ore price falls
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of: U.S. housing starts; aluminum mills taking steps to make their operations more green; iron ore prices; and the European steel sector. Looking for metal price forecasting and […]
This Morning in Metals: U.S. Steel moves up idling of Gary Works furnace
This morning in metals news, U.S. Steel announced a number of measures in response to the coronavirus crisis and falling oil price, concerns have been raised regarding cleaning procedures at a Michigan steel mill, and Republican senators have asked President Donald Trump to roll back trade barriers amid the coronavirus outbreak. Looking for metal price […]
Europe’s steel industry under pressure amid falling orders, personnel challenges
Europe’s steelmakers are cutting production and idling factory lines as an industry already buckling under a severe market downturn girds itself for the economic fallout from coronavirus, the Financial Times reports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Companies such as Thyssenkrupp and Tata Steel […]