This morning in metals news: according to the Bureau of Economic Analysis, U.S. gross domestic product rose by an estimated 6.5% in the second quarter; meanwhile, the American Iron and Steel Institute (AISI) commented on the Biden administration’s infrastructure deal; and, lastly, copper prices have found some support this week. MetalMiner should-cost models: Give your […]
Category: Macroeconomics
Federal Reserve holds off on rate increases, touts strengthening economy
For those keeping an eye on monetary policy, for now the Federal Reserve is maintaining the status quo vis-á-vis federal funds rates. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Federal Reserve holds funds rate at 0-0.25% As the […]
New orders, delivery backlogs high but sentiment sliding in Europe
Buyers sourcing product from Europe know that the manufacturing sector there has faced unprecedented levels of disruption and cost increases. The fact that European producers are facing major constraints to production, to supply chains and raising costs that are being passed along the supply chain is probably a widespread experience for U.S. consumers. But hopes […]
MetalMiner experts talk steel, aluminum and more on ROTH Capital Partners webinar
MetalMiner experts recently joined ROTH Capital Partners for a webinar that covered a wide range of metals topics, including oil prices, macroeconomic trends, and insights into the aluminum, steel and copper markets. The webinar, which took place July 14, followed up on a previous MetalMiner-Roth webinar on May 20, 10 days after metals surged to […]
This Morning in Metals: Consumer Price Index up 0.9% in June
This morning in metals news: the Consumer Price Index (CPI) for All Urban Consumers increased by 0.9% in June, the Bureau of Labor Statistics reported today; meanwhile, U.S. crude oil production efficiency increased in the Bakken region in 2020; and, lastly, North American Stainless experienced a production slowdown late last week. The MetalMiner Best Practice […]
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: Aluminum producer Novelis touts ‘outstanding’ quarter
This morning in metals news: aluminum roller and recycler Novelis announced its quarterly financial results; meanwhile, the United States International Trade Commission voted Tuesday on anti-dumping duties for prestressed concrete steel wire strand; and, lastly, the Consumer Price Index rose by 0.8% in April. The MetalMiner Best Practice Library offers a wealth of knowledge and […]
This Morning in Metals: US nonfarm business sector labor productivity rises 5.4% in Q1
This morning in metals news: nonfarm business sector labor productivity jumped by 5.4% in the first quarter; the CME Group said it will permanently close the trading pits it shut down last March; and US energy production dipped last year. More MetalMiner is available on LinkedIn. US nonfarm labor productivity shoots up in Q1 2021 […]
This Morning in Metals: US economy grows 6.4% in Q1 2021
This morning in metals news: US real GDP grew at an annual rate of 6.4% in Q1 2021; meanwhile, U.S. Steel reported its Q1 financial results; and, lastly, Intel cited the “explosive growth” in semiconductors in its Q1 2021 financial report. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
Europe’s automakers rush to go electric
Most carmakers had a pretty torrid first half of 2020, with factories disrupted, show rooms closed and consumers bunkered down in their homes. Sales plummeted across Europe and North America. However, the second half of last year and, particularly, the first quarter of this year have seen carmakers’ prospects come roaring back. The move to […]