The U.S. has agreed to refund “a significant portion, plus accrued interest” on an import tariff for slab imports to Russian steelmaking group Novolipetsk Steel’s U.S. subsidiary, the parent group said. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. subsidiary […]
Category: Imports
This Morning in Metals: Finished steel import market share 18% in November
This morning in metals news: the American Iron and Steel Association (AISI) reported on November import data, including the month’s finished steel import market share; China’s Baosteel is working on a new project; and Norsk Hydro has signed two MoUs for renewable power projects in Brazil. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter […]
Iron ore the star performer of 2020
If we think copper, zinc, and even aluminum have performed well this year, none of them are a patch on iron ore. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. Iron ore prices rise China’s iron ore imports […]
This Morning in Metals: U.S. Steel to acquire remaining equity of Big River Steel for $774 million
This morning in metals news: U.S. Steel today announced it will acquire the remaining equity of Big River Steel for $774 million; meanwhile, the U.S. steel sector’s capacity utilization rate for the week ended Dec. 5 reached 71.4%; and, finally, the Aluminum Association recently penned a letter to Secretary of Commerce Wilbur Ross criticizing the […]
U.S. steel imports rise 27% in October
U.S. steel imports totaled 1.4 million metric tons in October, up from 1.1 million metric tons the previous month, the Census Bureau reported. Do you know the five best practices of sourcing metals including steel? U.S. steel imports pick up Although U.S. steel imports are down for the year, October imports picked up. U.S. steel […]
This Morning in Metals: Panasonic, Equinor, Norsk Hydro sign MOU to explore potential European lithium-ion battery business
This morning in metals news: Norsk Hydro has signed a memorandum of understanding to explore a potential lithium-ion battery business; U.S. import prices fell slightly in October; and Gulf of Mexico oil production fell in August by the largest amount since 2008. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and […]
This Morning in Metals: Senate allocates funding for Aluminum Import Monitoring system
This morning in metals news: the Senate Committee on Appropriations allocated funding for a new Aluminum Import Monitoring system; the United States International Trade Commission voted to continue an aluminum foil investigation; and natural gas inventories are at a record high. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
Week in Review: Copper price gains; gold’s one-day plunge; steel imports down 22%
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 copper price, oil price gains and steel imports: The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental […]
This Morning in Metals: U.S. steel imports down 22% through October
This morning in metals news: U.S. steel imports were down by 22.2% year over year through the first 10 months of 2020; German steelmaker Thyssenkrupp AG is seeking state aid; and the nickel price has bounced back in November after falling during the second half of October. Want more from MetalMiner? We offer exclusive analyst […]
China’s steel trade is returning to form as import-export balance recalibrates
We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But […]