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 […]
Category: Metal Prices
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 […]
Copper prices give up their gains as world monitors coronavirus impact
As my colleague, Fouad Egbaria reported earlier this week, copper prices have been on a slide. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo Reuters also reported this week that copper on the LME traded down 0.1% at $5,634 a ton in official […]
Week in Review: Aluminum prices; Trump signs USMCA; Brexit hour is near
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, including coverage of: aluminum production and prices; Trump’s tariffs on aluminum and steel derivatives; the coronavirus’ potential impact on iron ore; General Motors’ electrification drive; and the arrival of Brexit. […]
This Morning in Metals: U.S. Steel releases Q4, full-year 2019 results
This morning in metals news, U.S. Steel’s latest financial release reflects a difficult 2019, Brexit is near and copper continues its slide. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. U.S. Steel reports Q4, full-year 2019 financials U.S. Steel posted net losses of […]
Following Senate approval, Trump signs USMCA Implementation Act
As expected, U.S. President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) Implementation Act on Wednesday, moving the trilateral trade deal a step closer toward replacing the 1994 North American Free Trade Agreement (NAFTA). “And today, we’re finally ending the NAFTA nightmare and signing into law the brand-new U.S.-Mexico-Canada Agreement,” Trump said during the signing […]
This Morning in Metals: U.S. real GDP rises 2.1% in Q4 2019
This morning in metals news, the Bureau of Economic Analysis (BEA) released U.S. real GDP growth figures for Q4 2019, Moody’s says the coronavirus will impact spending in China and Nucor Corporation reported its Q4 2019 and full-year 2019 financial results. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
U.S., India to resolve hot-rolled carbon steel dispute
2020 may turn out to be a watershed year in Indo-U.S. relations. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Several announcements and developments on the bilateral trade front, plus a proposed visit by U.S. President Donald Trump in February, seem to indicate that might be […]