U.S. raw steel production for the week ending Oct. 19 slowed, with the sector’s capacity utilization rate checking in just below the important 80% mark, all coming as steel prices continue to fall — in some cases, to late 2016 levels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Capacity […]
Category: Ferrous Metals
This Morning in Metals: Sign Up for MetalMiner-Avetta Webinar on Hiring in Manufacturing
This morning in metals news, this week’s MetalMiner-Avetta webinar is fast approaching, global steel industry groups demand action on steel excess capacity, and Anglo American released its third-quarter production results and full-year guidance revisions. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Sign […]
This Morning in Metals: DOC Rules in Anti-Dumping, CVD Investigation of Stainless Steel Kegs
This morning in metals news, the U.S. Department of Commerce announced rulings in investigations of stainless steel kegs from China and Germany, copper prices rose on labor tensions in Chile, and the UAW’s strike continues as it mulls ratification of a tentative deal with General Motors reached last week. Keep up to date on everything […]
The October MMI Report: Steel Prices Slide, U.S. Readies E.U. Tariffs
The October 2019 Monthly Metals Index (MMI) report is in the books. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. This month, just one of the Monthly Metals Indexes (MMIs) increased, while six declined and three held flat. Some highlights from this month’s MMIs: After […]
This Morning in Metals: Steel Capacity Utilization Rate Falls to 80.3%
This morning in metals news, the U.S. steel sector’s capacity utilization rate inched down another tenth of a percentage point, the U.S. raised its steel tariffs on Turkey to 50% and Chinese iron ore futures fell Tuesday. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade […]
Global Steel Demand Forecast to Rise 3.9% in 2019
The World Steel Association forecast global steel demand will rise 3.9% in 2019 and by 1.7% in 2020. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the World Steel Association’s October Short Range Outlook (SRO), global steel demand in 2019 is forecast to reach 1,775.0 million tons and […]
Week in Review: WTO’s Airbus Ruling, EVs and SUVs, and the GM Strike
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, which included: the U.S. and E.U.’s ongoing WTO battle over Boeing and Airbus subsidies, falling steel prices, rising SUV demand, and the nationwide strike at General Motors: Keep up to […]
This Morning in Metals: U.S. Steel Import Market Share Hits 17% in September
This morning in metals news, U.S. import market share for steel reached 17% in September, the European Commission is investigating potential dumping of hot-rolled stainless steel from China and Indonesia, and India is set to become a net importer of iron ore. Keep up to date on everything going on in the world of trade […]
Raw Steels MMI: Global Steel Prices Continue to Falter
The Raw Steels Monthly Metals Index (MMI) took another hit this month, dropping three points to 67. The index has now dropped for seven consecutive months — following an early 2019 high of 82 in March — on the back of falling steel prices. U.S. steel prices dropped in September, with plate prices recording the […]
Stainless MMI: Nickel Prices Stop Surging and Begin to Move Sideways
The Stainless Steel Monthly Metals Index (MMI) dropped back by three points to 88. The drop comes after reaching a five-year high of 91 last month, following strong increases for two consecutive months and culminating in last month’s 16-point surge. Price increases caught up with additional values in the index, while key prices that initially […]