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Category: Ferrous Metals
U.S. Steel Sector Production Falls 1.7% Year Over Year
The U.S. steel industry’s crude steel production for the week ending Sept. 7 fell 1.7% compared with production for the same week in 2018, according to the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steel production for the week ending Sept. 7 totaled […]
This Morning in Metals: Bank of America Cuts Steel Price Forecast
This morning in metals news, Bank Of America cut its steel price forecast, copper prices dropped and gold lost some of its safe haven luster. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Gloomy Steel Forecast Bank of America has cut its steel price forecast and is less than optimistic […]
India’s Steel Sector Woes Continue as Steel Inventories Pile Up
India’s growth rate has slowed, which in turn means sluggishness in the manufacturing sector. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook All of the above means lower consumption of steel. Riding on these developments comes the news that domestic steel producers are sitting on a “larger than usual” steel […]
This Morning in Metals: U.S. Steel Capacity Utilization Rate Falls to 80.8%
This morning in metals news, the U.S. steel industry’s steel capacity utilization rate for the year through Aug. 31 fell to 80.8%, copper bounced back from a two-year low and China’s vice premier made a call for a “deeper mutual understanding” between the U.S. and China. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: Iron Ore Prices Bounce Back
This morning in metals news, iron ore made gains Friday, a Houston metal manufacturer plans to close and Nippon Steel plans to cut its capital spending by 10%. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Iron Ore Prices Rise Chinese iron ore futures rose 4% Friday on heightened restocking […]
Week in Review: Carbon Capture, Steel Production and the U.K.’s Clean Steel Fund
Before we head into the Labor Day weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook MetalMiner’s Stuart Burns on doubts surrounding the viability of carbon capture technology vis-a-vis the coal […]
U.K. Government Seeks Feedback for £250M Clean Steel Fund
The U.K.’s Department for Business, Energy and Industrial Strategy (BEIS) has issued a call for evidence to help inform a planned £250 million Clean Steel Fund. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the BEIS, the fund will “support the UK steel sector to move to a […]
This Morning in Metals: Thyssenkrupp Elevators, U.S. Steel Investment and Zinc Exploration
This morning in metals news, thyssenkrupp may have to sell its elevator business, U.S. Steel plans to move forward with investments at Gary Works despite idlings and a zinc exploration company filed a bankable feasibility study. Ups and Downs thyssenkrupp may have to sell its successful elevator business to save the German firm’s other segments, […]
U.S. Steel Capacity Utilization Rate Reaches 81.0%
According to a recent American Iron and Steel Institute (AISI) report, the U.S. steel industry operated at a capacity utilization rate of 81.0% for the year through Aug. 24. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Adjusted year-to-date steel production reached 63.55 million tons, according to AISI, up 4.4% […]