This morning in metals news: real GDP increased by 2.0% in Q3 2021, according to an estimate from the Bureau of Economic Analysis; Ford Motor Co. released its Q3 results; and, lastly, several base metals prices have continued to retrace after surging earlier this month. Want MetalMiner directly in your inbox? Sign up for weekly […]
Category: Metal Prices
Global crude steel production falls for fourth consecutive month
Global crude steel production declined in September, marking the fourth straight month of month-over-month declines. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. Global crude steel production falls to 144.4 MT September global crude […]
US steel capacity utilization dips to 84.7%
The U.S. steel capacity utilization rate dipped to 84.7% last week, the American Iron and Steel Institute (AISI) reported Monday. The rate declined from 85.3% the previous week. Do you know the five best practices of sourcing metals, including steel? U.S. steel output dips Production last week totaled 1.87 million net tons, AISI reported. The […]
ICSG: Global copper mine production up 3.6% through July
Although not accounting for more recent supply concerns, global copper mine production increased by 3.6% through the first seven months of the year, the International Copper Study Group reported. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Global copper production rises through seven months Copper concentrate […]
Aircraft aluminum demand likely to come back faster than previously thought
Few would argue that semiconductor shortages have hampered automotive output. Earlier in the year, automakers temporarily shuttered factories, cutting into output. According to Toyota, it would slash worldwide vehicle production by 40% in September because of the shortage. Globally, the market lost some 2 million vehicles due to chip shortages. As a result, automotive aluminum […]
So much for a supercycle as China’s property market weighs on outlook
Bulls are pointing to the surging metals prices as evidence a supercycle is alive and well. However, no one but a snake oil salesman would suggest that what we are seeing is anything healthy. The 10-year commodities boom seen earlier this century, for example, was driven by rapid industrialization in China, a long-term expansion that […]
Week in Review: Global steel demand; aluminum alloys; store-of-value assets
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: Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Week of Oct. 18-22 (steel demand, aluminum alloys and more) Stuart Burns checked […]
This Morning in Metals: BMW to source steel from Sweden’s H2 Green Steel
This morning in metals news: BMW announced Wednesday it will source steel from Swedish firm H2 Green Steel; meanwhile, miner Freeport-McMoRan today reported its third-quarter and nine-month 2021 results; and, finally, metal prices remain elevated but have taken a step back this week. Stay up to date on MetalMiner with weekly updates – without the […]
US housing starts slump in September; mortgage rates move above 3%
U.S. housing starts declined in September from the previous month, the Census Bureau reported this week. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. This month, on Thursday, Oct. 28, the MetalMiner team will delve into the benefits […]
This Morning in Metals: Copper prices continue October surge
This morning in metals news: copper prices have surged this month; median weekly earnings for full-time wage and salary workers are up; and WTI crude oil prices have ticked up since last week. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the […]
