Aluminum prices have been on an upward trend the last week or two, currently holding comfortably above $1,500 per ton for spot cash after months in the $1,400s. The market, though, is undergoing convulsions.
Category: Metal Prices
U.S. steel mills post capacity utilization rate of 53.8% last week
The U.S. steel sector operated at a capacity utilization rate of 53.8% for the week ending May 30, the American Iron and Steel Institute (AISI) reported.
This Morning in Metals: Hydro to launch JV for electric vehicle battery recycling
This morning in metals news, aluminum maker Norsk Hydro recently announced the formation of a joint venture that will aim to recycle electric vehicle batteries, the Aluminum Association reiterated its stance on the need for an aluminum import monitoring system and a Dutch bank says gold prices are expected to drop.
This Morning in Metals: GM to ramp up production of pickups, SUVs
This morning in metals news, General Motors is planning to increase production of its popular pickups and SUVs, U.S. Steel announced a long-term iron ore supply deal, and copper prices have made some gains today.
World Steel Association: April global crude steel production drops 13%
Global crude steel production in April fell 13% compared to April 2019 production, the World Steel Association recently reported.
This Morning in Metals: U.S. steel imports down 20% this year
This morning in metals news, U.S. imports of steel were down 20% through the first four months of the year, a primary aluminum production plant in Brazil part-owned by Norsk Hydro is restarting after an earlier power outage and China is importing U.S. copper concentrate after Chinese companies won tariff relief.
Week in Review: Mitigating steel price spikes; supply chain impacts; lead, zinc surpluses
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:
This Morning in Metals: U.S. steel production last week fell 36.6% year over year
This morning in metals news, U.S. steel production levels were down significantly last week, the Census Bureau released April steel import totals and copper prices dipped Wednesday.
MetalMiner’s Don Hauser on the falling steel market: don’t get comfortable, because prices will rise
Steel prices have been caught in a long-term downtrend since the summer of 2018 and, more recently, have faced a decline in demand related to the COVID-19 pandemic. Steel mills have suspended production at furnaces around the country amid the drop in demand, particularly from users like the automotive sector. After suspending production in March, […]
A Memorial Day review of the top 10 most-viewed posts of 2020 (so far)
The first five months of 2020 have been quite busy ones for the world of metals. Request a 30-minute demo of the MetalMiner Insights platform now. On this Memorial Day, let’s take a look back at the most-viewed posts on MetalMiner through the first five months of the year. Oil price collapse is far from […]