This morning in metals news: miner Rio Tinto announced it had reached a financing plan with Turquoise Hill Resources for the Oyu Tolgoi copper mine in Mongolia; meanwhile, the United States International Trade Commission (USITC) made a countervailing duty ruling on chassis and subassemblies from China; and, lastly, China’s National Bureau of Statistics released Producer […]
Category: Imports
This Morning in Metals: US steel capacity utilization at 77.6%
This morning in metals news: US steel sector capacity utilization fell to 77.6% last week; US import prices rose in March; and the WTI crude price continues to hang steady. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US […]
This Morning in Metals: Court of International Trade rules in favor of plaintiff contesting Section 232 derivatives duties
This morning in metals news: the US Court of International Trade issued a Section 232-related ruling; General Motors announced the manufacturing locations of its first-ever Chevrolet Silverado electric pickup and GMC Hummer EV SUV; and, lastly, top copper producer Chile closed borders. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to […]
Strong Copper Demand, But Products See Shift
The copper market saw a near doubling in prices over the last year. Copper fell to an LME low in March 2020 of $4,371 per metric ton. Fast forward to this year, however, and it closed at $8,764 prior to this past weekend. But anyone following the copper market will know that even that price […]
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 […]
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 […]
This Morning in Metals: Chile’s industrial output, copper production fall in February
This morning in metals news: Chile’s INE reported the country’s industrial production, including copper production, fell in February; meanwhile, US automotive sales fell in February; and, lastly, the United States International Trade Commission made duty rulings on imports of silicon metal. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? […]
US steel imports drop 22% in February
US steel imports in February — and through the first two months of the year — are down compared with 2020, the Census Bureau reported. Do you know the five best practices of sourcing metals, including steel? US steel imports in February down 22% from previous month US steel imports reached 1.71 million metric tons […]
Week in Review: Semiconductor shortage; MetalMiner webinar; rising Midwest Premium
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 the semiconductor shortage, the Midwest Premium and more. A fire at a Japanese chip-making plant last week has slammed automotive operations. General Motors, Ford and many other automakers have […]
Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’
Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization […]