M&A activity in global metal firms dropped 10% by volume compared to 2018, but the value of all deals declined by a third driven by fewer “megadeals” — transactions with disclosed values greater than $5 billion — compared to the previous year, according to PwC’s Global Metal Deal Insights report for 2019. Looking for metal […]
Category: Metal Prices
This Morning in Metals: Norsk Hydro faces headwinds in weak aluminum market
This morning in metals news, Norsk Hydro unveiled its Q4 and full-year 2019 financial results, Nippon Steel projected a net loss of $4 billion for the recent fiscal year, and President Donald Trump’s new tariffs on steel and aluminum derivatives took effect over the weekend. Metal prices fluctuate. Key is knowing when and how much […]
Raw Steels MMI: U.S. steel prices flatten after recent gains
The Raw Steels Monthly Metals Index (MMI) gave up some of last month’s gains with a one-point drop to 71 (following a three-point increase to 72 last month). Request a 30-minute demo of the MetalMiner Insights platform now. Recent U.S. steel price increases flattened out in January, while plate prices dropped back somewhat from […]
Week in Review: Copper prices; British Steel roadblock; U.S. auto sales
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper prices and the coronavirus’ impact; European steel consumption; Jingye’s British Steel takeover bid; U.S. steel production; automotive sales and more. Improve metal purchase timing and mitigate price […]
Rare Earths MMI: Value of U.S. mining production rises 3% in 2019
The Rare Earths Monthly Metals Index (MMI) held flat this month for a February MMI reading of 20. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! U.S. mining production rises in 2019 According to the U.S. Geological Survey, the estimated value of nonfuel mineral mining production […]
India’s annual budget could prove to be a boost to the steel sector
India’s union budget is an annual exercise, one that industry and commerce always look forward to for direction and signals of growth. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. India’s metals sector, especially steel, had expectations from this year’s budget and seems […]
Construction MMI: U.S. construction spending drops 0.2%
The Construction Monthly Metals Index (MMI) traded flat this month for a February MMI reading of 79. Request a 30-minute demo of the MetalMiner Insights platform now. U.S. construction spending U.S. spending on construction reached a seasonally adjusted annual rate of $1,327.7 billion in December, marking a 0.2% drop from November but a 5.0% increase […]
Automotive MMI: 2019 U.S. sales down; Nissan moves to quarterly reporting
The Automotive Monthly Metals Index (MMI) fell three points for a February MMI reading of 86. Generate hard savings on your metal buys year-round; trial MetalMiner’s monthly outlook report U.S. automotive sales General Motors is scheduled to announce its Q4 and full-year 2019 sales results today at 8 a.m. ET. Ford, meanwhile, reported fourth-quarter sales […]
This Morning in Metals: Glencore’s ’19 copper production down 6%, cobalt up 10%
This morning in metals news, miner Glencore released its 2019 production results, the coronavirus fallout continues and U.S. Steel is planning to temporarily close its Gary Works No. 4 blast furnace in April. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
U.S. steel production jumps 1.9% year over year
U.S. steel production for the week ending Feb. 1, 2020, reached 1.91 million tons, up 1.9% from production during the same week in 2019, according to weekly data released by the American Iron and Steel Institute (AISI). Production for the week ending Feb. 1, 2020, came in at a capacity utilization rate of 82.1%. Better […]