This morning in metals news: Century Aluminum and the United Steelworkers union reached a five-year labor agreement at the Hawesville smelter; meanwhile, Ford reported its Q1 sales results in Europe; and, lastly, miner Anglo American said it will now source 100% renewable energy at its South American operations. The MetalMiner Best Practice Library offers a […]
Category: Green
Week in Review: Steel prices; US electricity consumption; rising aluminum premiums
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity […]
EAI Votes not to Support Carbon Tax Adjustment
Efforts to reduce Europe’s carbon footprint are many and varied, including in the European aluminum sector. Energy-intensive industrial processes like steel, aluminium and cement manufacturing make up a significant chunk of carbon emissions. A carbon tax as crafted in the EU’s Carbon Border Adjustment Mechanism (CBAM) is seen as a major plank in shutting out […]
This Morning in Metals: Norsk Hydro to explore hydrogen facility opportunities
This morning in metals news: Oslo-based Norsk Hydro said it is exploring the potential for developing and operating hydrogen facilities; meanwhile, the Consumer Price Index for All Urban Consumers increased by 0.6% in March; and En+ Group touted its development of a high-purity aluminum. See why technical analysis is a superior forecasting methodology over fundamental […]
Green steel on its way to an auto or other consumer product near you
Whether we agree with the rationale or not, the carbon footprint of everyday materials like steel and aluminum is becoming an increasingly important component of consumers’ purchasing decisions. In the US, some states — like California — have mandated purchasing departments for state projects to report the carbon footprint or CO2 content of the products […]
Supply chains at risk as the world moves toward electrification
A recent Telegraph article suggests the West is sleepwalking into missing the next industrial revolution as China voraciously buys up raw material assets around the world. Those assets include securing its future supplies of cobalt, copper, lithium and other metals. The aforementioned comes in addition to its current domination of rare earth metals. The MetalMiner […]
This Morning in Metals: US steel capacity utilization reaches 77.9%
This morning in metals news: the US steel capacity utilization rate ticked up to 77.9% last week; Novelis announced new sustainability targets; and the United States International Trade Commission (USITC) issued a ruling on seamless carbon and alloy steel standard, line and pressure pipe. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you […]
This Morning in Metals: US energy consumption down 7% in 2020
This morning in metals news: US energy consumption fell by 7% in 2020; the United Steelworkers union commented on the details of President Joe Biden’s American Jobs Plan; and the aluminum price retraced last week. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. US energy […]
McKinsey report: European steel faces major challenges in the years ahead
The European steel industry faces three major challenges, following the impacts of the COVID-19 global and the 2008-09 financial crisis, management consultancy McKinsey & Company stated. “European steel producers should consider making a series of short-term operational and medium- to long- term strategic moves to ensure economic and environmental sustainability going forward,” McKinsey said in […]
Week in Review: Steel imports; April 2021 MMO; Suez Canal aftermath
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including the Suez Canal blockage, the April 2021 MMO, Western European hot rolled coil prices and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis […]