The Automotive Monthly Metals Index (MMI) picked up by 5.1% this month. U.S. auto sales U.S. auto sales continued to slump last month and over the second quarter overall, even as the U.S. auto sector restarted production in late May after an approximately two-month suspension. General Motors reported second-quarter deliveries of 492,489 vehicles, down 34% […]
Category: Metal Prices
This Morning in Metals: Nevada Copper confirms restart plans for Pumpkin Hollow mine
This morning in metals news: Nevada Copper announced plans to restart its Pumpkin Hollow mine; the American Iron and Steel Institute (AISI) commented on the $1 trillion infrastructure bill approved by the U.S. House of Representatives last week; and a Florida community has approved the sale of land for the construction of a $120 million […]
Week in Review: Buying in volatile markets; Annual Outlook update; oil price drivers
Before we head into the Fourth of July weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
Tata Steel posts $163M quarterly loss as pandemic continues to pressure steelmakers
One of India’s biggest steel conglomerates, Tata Steel, has posted a “higher than expected” consolidated net loss during the January-March 2020 quarter of approximately U.S. $163 million. Compare this to its net profit of about U.S. $311 million reported during the same period last year and one can understand the enormity of the situation.
U.S. steel capacity utilization rate ticks up to 55.4%
The percentage of U.S. steel mills’ capacity utilization rate jumped to 55.4% for the week ending June 27, up from 54.6% for the previous week.
This Morning in Metals: Copper rallies for biggest quarter in a decade
This morning in metals news, copper soared during Q2, Tata Steel is looking for a recovery in the second half of this fiscal year, and aluminum demand in the U.S. and Canada was down by just under 19% through the first four months of the year.
This Morning in Metals: Labor productivity declines in wide range of manufacturing industries in 2019
This morning in metals news, productivity was down for a number of manufacturing industries last year, BHP has executed its first blockchain iron ore trade with China’s Baosteel and copper prices continue to surge.
June update to MetalMiner’s Annual Outlook now available on Insights
Back by popular demand, the MetalMiner Long Term Outlook report has been updated effective June 25. These prices represent MetalMiner’s latest long-term outlook for the base metal complex (aluminum, copper, nickel, lead, zinc and tin), along with the four forms of flat rolled steel (HRC, CRC, HDG and plate).
Webinar: MetalMiner’s Lisa Reisman, Don Hauser on metals buying strategies during volatile markets
If you are a metals purchaser, it is imperative to mitigate risk and keep costs down whenever possible. Of course, volatile market conditions can very quickly disrupt a buying organization’s approach, whether it’s due to the imposition of new tariffs, the coronavirus outbreak or the oil price plunge (just to name a few recent events […]
Week in Review: Industrial production rises; Liberty Steel invests in the future; MW aluminum premium spikes
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: