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 […]
Category: Ferrous Metals
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% […]
Global Crude Steel Production Growth Slows to 1.7% in July
Global crude steel production in July grew, but the rate of growth slowed considerably last month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting to the World Steel Association totaled 156.7 million tons in July, up 1.7% compared with July 2018. The production growth […]
This Morning in Metals: U.S. Raw Steel Production Rises 4.4%
This morning in metals news, U.S. raw steel production for the year through Aug. 24 is up 4.4%, Beijing’s Chalco reported profits declined in the first half of the year and India’s steel demand is slowing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Raw Steel Production Jumps 4.4% The […]
This Morning in Metals: Steel Imports Down 10.6% Through July
This morning in metals news, U.S. imports of steel are down 10.6% for the first seven months of the year, U.S. Steel plans to idle its East Chicago plant, and China will raise tariffs on imports of copper scrap and aluminum scrap from the U.S. Need buying strategies for steel? Request your two-month free trial […]
Week in Review: Risk Mitigation, Trump and Greenland, and a Chicago Nonprofit Teaches Skills
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Bill DeMartino of riskmethods recently spoke at MetalMiner’s Forecasting Workshop on the subject of risk mitigation tips and […]