This morning in metals news: Volvo plans to expand its electric vehicle production in South Carolina; U.S. import prices increased by 1.1% in May; and, lastly, Ford Motor Co. says Q2 2021 EBIT will come in higher than its expectations. More MetalMiner is available on LinkedIn. Volvo to expand EV production in South Carolina Automaker […]
Category: Imports
As China targets 2030 for peak coal use, aluminum output could also peak
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak […]
This Morning in Metals: USITC makes determinations in sunset review of cut-to-length carbon steel plate imports
This morning in metals news: the United States International Trade Commission made determinations in a five-year sunset review covering imports of cut-to-length carbon steel plate; meanwhile, United States Trade Representative Katherine Tai will outline the Biden-Harris administration’s “worker-centered trade policy” today; and, lastly, the Consumer Price Index for All Urban Consumers rose by 0.6% in […]
This Morning in Metals: Nonfarm payroll employment rises by 559,000
This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the […]
This Morning in Metals: Chinese steel prices take a tumble
This morning in metals news: Chinese steel prices have plunged early this week following Beijing’s weekend warning to commodity speculators; MetalMiner is hosting its monthly webinar tomorrow, May 27, at 11:30 a.m. CDT; and the US Census Bureau released data on April steel imports. Get social with us. Follow MetalMiner on LinkedIn. Chinese steel prices […]
USITC votes to maintain duties on steel nail imports from five countries
For those in the market for steel nails — particularly those in the construction sector, who are already facing skyrocketing lumber costs — an announcement this week offers no pricing relief. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner […]
This Morning in Metals: Copper production from top 10 companies to rise up to 3.8% in 2021, GlobalData forecasts
This morning in metals news: consultancy GlobalData forecast copper production from the top 10 copper mining companies will rise by up to 3.8% this year; meanwhile, the US Senate Committee on Homeland Security and Governmental Affairs advanced a bill that aims to strengthen Buy American requirements; and, lastly, US import prices rose in April. The […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
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 rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]
China aluminum imports surge continues well into 2021
When the largest aluminum producer on earth keeps reporting high import figures, the world sits up and takes note. According to figures released by the Chinese General Administration of Customs a few days ago, China recorded a new high for aluminum imports in March 2021. Stop obsessing about the actual forecasted aluminum price. It’s more […]
This Morning in Metals: Steel capacity utilization reaches 78.4%
This morning in metals news: the US steel sector’s capacity utilization rate hit 78.4% last week; meanwhile, Ford announced plans to invest $300 million to build a new light commercial vehicle in Romania; and, lastly, the United States International Trade Commission held a five-year sunset review regarding imports of prestressed concrete steel wire strand from […]