Breaking a long stretch of growth, global steel production has been on the decline over the last few months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After falling 0.6% and 3.1% on a year-over-year basis in September and October, respectively, global production fell 1.0% in November, according to the […]
Category: Ferrous Metals
U.S. steel production up 1.8% in 2019
According to recent data from the American Iron and Steel Institute (AISI), U.S. raw steel production for the year through Dec. 21, 2019, had increased 1.8% compared with the same period in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the nearly full year in 2019 totaled […]
Best of 2019: The year in steel, from falling prices to a tariff removal
Continuing our look back at some of the most-viewed posts of the year on MetalMiner, today we’ll take a look at some of the most popular steel-centric posts of the year. Below are the top 10 most-viewed steel-centric posts here on MetalMiner this year: Looking for metal price forecasting and data analysis in one easy-to-use […]
U.S. Steel posts Q4 losses, announces over 1,500 job cuts in Michigan
In its final quarterly report of the year, U.S. Steel last week cited a need to change to mitigate factors outside of its control. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Changes have come of late in the form of job losses and plant closures. Last week, U.S. Steel […]
This Morning in Metals: Trump backs off from steel, aluminum tariffs on Brazil
This morning in metals news, President Donald Trump won’t go through with a previous tariff threat on Brazilian steel and aluminum, Chinese stainless steel production growth is forecast to drop in 2020, and a power outage impact Norsk Hydro operations last week. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
ArcelorMittal, Nippon Steel complete acquisition of India’s Essar Steel
It may have taken well over 850 days for its culmination, but the recent completion of an acquisition in India is being touted as the “single-biggest recovery” under the Insolvency and Bankruptcy Code (IBC) process in India.
DOC issues circumvention rulings on steel imported via Vietnam
The U.S. Department of Commerce (DOC) issued five affirmative determinations in anti-dumping and countervailing subsidy circumvention investigations related to steel imports that had been shipped through Vietnam but originally produced elsewhere. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the Department of Commerce, the […]
U.S. steel industry’s year-to-date capacity utilization holds at 80.1%
The U.S. steel industry’s capacity utilization rate for the year through Dec. 14 held at 80.1% for the second straight week, according to weekly production reported by the American Iron and Steel Institute (AISI). Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The U.S. steel industry […]
Week in Review: Tariffs on Argentina, Brazil?; nickel prices slide; Saudi Aramco debuts on Riyadh exchange
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: Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Stuart Burns on President Donald Trump’s recent announcement regarding tariffs on steel and aluminum […]
Raw Steels MMI: Steel price increases boost the index
The Raw Steels Monthly Metals Index (MMI) showed some strength this month with a three-point increase, rising to 69 from 66 last month. U.S. steel prices rebounded in November when recent mill prices increases took effect. Once again, plate price increases have lagged behind the other forms, (similar to July, when plate prices failed to […]