Category: Manufacturing

India’s Aluminum Appetite Surges: How Will This New Global Player Affect Aluminum Prices?

India’s Aluminum Appetite Surges: How Will This New Global Player Affect Aluminum Prices? Indian Aluminum

In an otherwise down market staring at a slow recovery in 2023, only India stands apart from the rest of the world in terms of aluminum production and consumption. Indeed, the government’s push for new infrastructure, especially for green energy, continues to drive domestic consumption and overall stability for aluminum prices. The country is already the […]

Aluminum MMI: Hydro Bets Big on Lower Carbon Aluminum, Aluminum Prices Remain Mostly Flat

Aluminum MMI: Hydro Bets Big on Lower Carbon Aluminum, Aluminum Prices Remain Mostly Flat Hydro

LME aluminum prices edged sideways throughout August, with a modest 1.69% month-over-month rise. Meanwhile, prices show little bullish or bearish momentum as they continue to trade within a tight range. Overall, the Aluminum Monthly Metals Index (MMI) continued to move sideways as well, rising a modest 0.79% from August to September. Get valuable market trends, […]

Montenegrin Powerhouse EPCG Željezara Nikšić to Restart by 2024

Montenegrin Powerhouse EPCG Željezara Nikšić to Restart by 2024 Blast furnace, steel prices

Regional media reports state that Montenegrin specialty steels producer EPCG Željezara Nikšić aims to restart production by the end of 2023, possibly impacting steel prices. The facility went offstream in 2021, dramatically reducing steel output in the small Balkan country. Analysts remain eager to see how the restart might affect steel prices in the region. […]

Raw Steels MMI: How Will the UAW Strike Impact the Bearish Market, Steel Prices?

Raw Steels MMI: How Will the UAW Strike Impact the Bearish Market, Steel Prices? steel mill

The Raw Steels Monthly Metals Index (MMI) moved sideways, with a 2.83% decline from August to September as steel prices dropped almost across the board. Indeed, flat-rolled steel prices continued their downtrends throughout August. Amid uninterrupted week-over-week declines, HRC prices saw the largest drop, falling 10.3% throughout the month. By mid-September, prices reached their lowest […]

UK Government & Tata Steel Reach Tentative Agreement on Port Talbot Plant, Risking 3,000 Jobs

UK Government & Tata Steel Reach Tentative Agreement on Port Talbot Plant, Risking 3,000 Jobs tata steel

The UK government and Mumbai-headquartered Tata Steel have reached a preliminary agreement over a funding package regarding the Port Talbot plant in South Wales. The package is part of a £1.25 billion ($1.55 billion) plan to decarbonize Port Talbot’s operations. However, concerns over jobs and the potential effect on local steel prices remain. A September […]

Scotland’s Last Steel Plate Mill on the Chopping Block? GFG Alliance’s Clydebridge Exit Plan

Scotland’s Last Steel Plate Mill on the Chopping Block? GFG Alliance’s Clydebridge Exit Plan Steel Mill

GFG Alliance recently began marketing its Clydebridge steel plate mill near the Scottish city of Glasgow for sale. According to news reports, government body Scottish Enterprise sold Clydebridge as well as its nearby sister plate roller Dalzell to GFG in 2016, after previous owner Tata Steel mothballed the two plants in 2015. “Following a review […]

Iron Ore Price Index Soars 4% on China’s Economic Rebound, Easing Inflation in Sight?

Iron Ore Price Index Soars 4% on China’s Economic Rebound, Easing Inflation in Sight? Chinese economy

According to this report, the most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 2.41% higher at 851.5 yuan (US$116.80) a metric ton. The next day, the iron ore price index surged by 4%, surpassing US $117 per ton. Trader optimism largely fueled the price jump, as many felt encouraged […]

European Steelmakers Pursue €20 Hike on Steel Prices Amid Sluggish Demand

European Steelmakers Pursue €20 Hike on Steel Prices Amid Sluggish Demand HRC steel prices

Steelmakers in Northwestern Europe are seeking an increase of €20 ($20) per metric ton on hot rolled coil. Market sources told MetalMiner that the hike in steel prices comes despite subdued demand for the flat rolled product going into September. “I think that they are trying to push up prices against input prices,” one source […]

Automotive MMI: Possible UAW Strike Could Seriously Impact Industry

Automotive MMI: Possible UAW Strike Could Seriously Impact Industry Mature worker controlling production line

Month-over-month, the Automotive MMI (Monthly Metals Index) slid downward by 3.42%. Steel prices within the index, like hot-dipped galvanized, trended sideways. However, copper and lead fell, introducing bearish pressure. Overall, the U.S. automotive industry witnessed some dynamic changes month-over-month. More robust demand for personal transport continues to emerge as supply chains regain strength. This will […]

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline Tata Steel Stock Yard Limited in Faridabad NIT, Faridabad. Tata steel share price.

The British government and Tata Steel remain in discussion regarding the future of the Port Talbot steel manufacturing plant. Recently, the government said they may pledge a substantial £500 million (approx. U.S. $629 million) in financial support for the South Wales facility. This may be in addition to Tata Steel India’s planned investment of £700 million […]

Scroll to Top