This morning in metals news, U.S. Steel recently underwent another round of layoffs, Braidy Industries‘ new CEO said the company still needs $500 million for its Kentucky aluminum mill, and the Aluminum Association announced its new president and CEO. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request […]
Category: Ferrous Metals
Stainless MMI: Index drops in January on nickel price weakness
The Stainless Steel Monthly Metals Index (MMI) gave up five points this month, setting the value back to 70. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! LME nickel prices dropped slightly below the $13,000/mt price level in late January when industrial metals prices, generally speaking, […]
This Morning in Metals: Novelis reports net income up 37% in Q3 FY20
This morning in metals news, Novelis Inc. reported its quarterly financial results, steel trade in China slows amid coronavirus fears and India’s carbon emissions are projected to soar over the next 30 years. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
This Morning in Metals: Norsk Hydro faces headwinds in weak aluminum market
This morning in metals news, Norsk Hydro unveiled its Q4 and full-year 2019 financial results, Nippon Steel projected a net loss of $4 billion for the recent fiscal year, and President Donald Trump’s new tariffs on steel and aluminum derivatives took effect over the weekend. Metal prices fluctuate. Key is knowing when and how much […]
Raw Steels MMI: U.S. steel prices flatten after recent gains
The Raw Steels Monthly Metals Index (MMI) gave up some of last month’s gains with a one-point drop to 71 (following a three-point increase to 72 last month). Request a 30-minute demo of the MetalMiner Insights platform now. Recent U.S. steel price increases flattened out in January, while plate prices dropped back somewhat from […]
Week in Review: Copper prices; British Steel roadblock; U.S. auto sales
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper prices and the coronavirus’ impact; European steel consumption; Jingye’s British Steel takeover bid; U.S. steel production; automotive sales and more. Improve metal purchase timing and mitigate price […]
This Morning in Metals: China to halve tariffs on some U.S. products
This morning in metals news, China will slash tariffs it had imposed on a number of U.S. imports, copper’s slide continues and stainless steel manufacturer Outokumpu reported a stainless steel deliveries last year. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly metal buying outlook
India’s annual budget could prove to be a boost to the steel sector
India’s union budget is an annual exercise, one that industry and commerce always look forward to for direction and signals of growth. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. India’s metals sector, especially steel, had expectations from this year’s budget and seems […]
Construction MMI: U.S. construction spending drops 0.2%
The Construction Monthly Metals Index (MMI) traded flat this month for a February MMI reading of 79. Request a 30-minute demo of the MetalMiner Insights platform now. U.S. construction spending U.S. spending on construction reached a seasonally adjusted annual rate of $1,327.7 billion in December, marking a 0.2% drop from November but a 5.0% increase […]
This Morning in Metals: Glencore’s ’19 copper production down 6%, cobalt up 10%
This morning in metals news, miner Glencore released its 2019 production results, the coronavirus fallout continues and U.S. Steel is planning to temporarily close its Gary Works No. 4 blast furnace in April. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.