The Automotive Monthly Metals Index (MMI) dropped 7% this month. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Category: Metal Prices
South Africa’s 21-day lockdown disrupts chrome sector, delays stainless surcharge update
Sporadic reports of mine closures and special working arrangements have gathered momentum during March and into April, in some cases sparking fears of ore supply shortages. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Few places have had quite the profound impact that closures in South […]
This Morning in Metals: Ford delays planned restart of North American plants
This morning in metals news, Ford Motor Co. announced it would delay the planned restart of its North American operations, General Motors reported first-quarter sales and Allegheny Technologies Inc. (ATI) cited Section 232 tariffs in its decision to shutter its Midland, Pennsylvania operations. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly […]
Global crude steel production rises 2.8% in February
Despite the coronavirus outbreak’s widespread humanitarian and economic impact, steel production continued to chug along in February. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the World Steel Association, global crude steel production reached 143.3 million tons in February, up 2.8% compared with February […]
This Morning in Metals: U.S. steel capacity utilization rate hits 80.7%
This morning in metals news, the U.S. steel capacity utilization rate reached 80.7% for the year through March 28, steel industry workers in the Great Lakes region tested positive for the novel coronavirus (COVID-19) and copper clawed back some gains Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
Under extraordinary conditions, physical gold prices at a disconnect with market prices
The usually highly liquid gold market hit turbulence last week as transport restrictions prevented contract settlement procedures at New York’s COMEX futures market. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The Financial Times reported the price of gold futures traded on COMEX and expiring this […]
This Morning in Metals: Industrial profits plunge 38.3% in China over first two months of 2020
This morning in metals news, industrial profits in China plummeted over the first two months of the year amid the coronavirus outbreak, Rio Tinto released an update on its operations during the outbreak and copper prices are down 15% over the last month. Looking for metal price forecasting and data analysis in one easy-to-use platform? […]
Metal users want Section 232 steel tariff relief during coronavirus pandemic
The coronavirus pandemic has made its mark on supply chains, leaving some companies looking for relief. [Any cash influx for your business counts, especially now. View MetalMiner’s recent webinar on how to check if you are eligible for Section 301 tariff refunds and what steps to take to speed up the refund and get a […]
Week in Review: Housing starts surge; aluminum mills go green; iron ore price falls
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of: U.S. housing starts; aluminum mills taking steps to make their operations more green; iron ore prices; and the European steel sector. Looking for metal price forecasting and […]
This Morning in Metals: U.S. Steel moves up idling of Gary Works furnace
This morning in metals news, U.S. Steel announced a number of measures in response to the coronavirus crisis and falling oil price, concerns have been raised regarding cleaning procedures at a Michigan steel mill, and Republican senators have asked President Donald Trump to roll back trade barriers amid the coronavirus outbreak. Looking for metal price […]