[Editor’s Note: This is the second of a two-part series on steel supply and prices. Revisit Part 1 here.] Actual Chinese Steel Prices Looking at longer-term trends in Chinese steel prices, we can see after hitting a low during mid-to-late 2015, prices trended upward overall (with some ups and downs along the way). For example, […]
Category: Metal Prices
U.S. Steel Production Through March 16 Up 6.7% Year Over Year
U.S. steel mills produced 1.93 million net tons of raw steel during the week ending March 16, according to the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production for the week — which came at a capacity utilization rate of 82.9% — was […]
Looking Ahead, Part 1: A Surprising Outlook for Steel Prices in 2020
According to Bank of America Research Analyst Timna Tanners, Steelmageddon looms on the horizon due to massive planned capacity increases in the U.S. steel industry. Her analysis indicates the equivalent of around a 20% capacity increase when aggregating investments across companies and production methodologies over the next few years. Due to the massive ramp-up, the Steelmageddon theory […]
Week in Review: Palladium Power, Lynas’ Appeal and ArcelorMittal’s Essar Plan
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The palladium price continues to soar, MetalMiner’s Taras Berezowsky explained in this month’s Global Precious MMI. Rare earths […]
The March MMI Report: Six of 10 Subindexes on the Rise
The March 2019 Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It was another month of upward movement for a majority of the MMI subindexes. After a sluggish close to 2018, six of 10 subindexes moved up for the March MMI, The […]
Renewables MMI: Startup Backed by Billionaires Aims to Find New Cobalt Sources
The Renewables Monthly Metals Index (MMI) fell one point this month for an MMI reading of 103. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Hunt for Cobalt As noted routinely in this installment of the MMI series, cobalt is a coveted material for its use in a wide variety […]
This Morning in Metals: Canada Announces $100M in Funding for Steel, Aluminum Industries
This morning in metals news, the Canadian government announced it is rolling out $100 million in funding for its domestic steel and aluminum industries, copper moves toward a seven-month high, and Vietnam’s steel exports to the U.S. increased in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canadian Steel, […]
Copper MMI: After a Seven-Week Rally, Copper Prices May Have Lost Steam
The Copper Monthly Metals Index (MMI) increased by 3.9% this month, reaching an MMI value of 79. With a seven-week sustained increase in prices, the rally may be over for the metal. Trading volume dropped off in late February and the price moved sideways once again in early March. Need buying strategies for steel? Request […]
Stainless MMI: Stainless Prices Continue to Tick Upward as Q1 Progresses
The Stainless Steel Monthly Metals Index (MMI) increased again this month by 4.3% to 71, up again after last month’s 11.7% gain. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Once again, nickel price increases provided an impetus for rising prices. This month, prices increased for all the metals in […]
Rare Earths MMI: Lynas Corp Appeals Malaysian Government Condition on WLP Residue
The Rare Earths Monthly Metals Index (MMI) held flat this month, holding for a reading of 18. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Auditors Cite Material Risk for Lynas Corp According to mining.com, auditors have flagged a material risk for Australian miner Lynas Corp’s Malaysian operations. The rare […]
