Global crude steel production fell by 1.4% year over year in August, the World Steel Association reported. Do you know which market conditions are best with different steel contracting mechanisms? Check out our best practices on this topic. Global crude steel production falls, including in China Global crude steel production fell by 1.4% to 156.8 […]
Category: Metal Prices
This Morning in Metals: Intel breaks ground on semiconductor factories in Arizona
This morning in metals news: Intel on Friday broke ground on two new chip factories in Arizona; meanwhile, a spill Sunday at from a U.S. Steel plant in Northwest Indiana led to the closure of beaches in the area; and, lastly, the aluminum price has taken a breather during the second half of the month […]
Russia’s 15% export duty hasn’t boosted flat-rolled prices as feared, traders say
Russia’s 15% export duty on steel has not impacted market prices for flat-rolled products, either coming into the European Union or rolled within the 27-member bloc, market participants told MetalMiner. “The Russian [steelmakers] are absorbing it completely,” one trading source said of the export duty. A second trader noted a similar situation. “The export tax […]
Aluminum prices are being driven high by constrained supply rather than rampant demand
Consumers have looked aghast at rising aluminum prices this year and wondered how much longer it can continue. The explanation that global economies are bouncing back from pandemic lockdowns has encouraged many to hope that once supply chains are restocked, demand will ease and aluminum prices will fall. But several sources are suggesting the tightness […]
Automakers see 2022 steel price contract negotiations looking brutal
Just over a year ago, MetalMiner commented on the acquisition of most of ArcelorMittal USA’s assets by Cleveland-Cliffs (including potential impacts on steel prices). At the time, the MetalMiner analyst team suggested, “The deal strengthens the company’s position in the automotive sector. The company likely controls 60%-65% of exposed auto sheet supply (think steel used […]
US steel imports dip in August; steel prices continue gains
U.S. steel imports totaled an estimated 2.5 million metric tons in August, the Census Bureau reported Friday, as U.S. steel prices continue to post gains. The August total marked a decline from 2.7 million metric tons in July. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for […]
Week in Review: China’s property market and steel prices; Alcoa to restart aluminum smelter; Ford to collaborate on battery supply chain
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: Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. Week of Sept. 20-24 (China’s property market and […]
This Morning in Metals: Alcoa announces restart of aluminum smelter idled since 2015
This morning in metals news: Alcoa said it plans to restart its Alumar aluminum smelter in Brazil; meanwhile, the Energy Information Administration forecasts hydropower generation will fall by 14% this year; and, lastly, European automakers are looking to bypass China in their rare earths supply chains. Are you under pressure to generate aluminum cost savings? […]
Evergrande crisis — and China’s property market in general — could have significant impact on metals prices
Anyone following the financial papers cannot have failed to read lurid reports regarding China’s Evergrande construction company, which appears on the brink of collapse. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Chinese markets fall on Evergrande crisis Indeed, stock markets in […]
US steel capacity utilization dips to 84.9%
The U.S. steel capacity utilization rate fell slightly but remained at a healthy 84.9% for the week ending Sept. 18, the American Iron and Steel Institute reported this week. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Steel capacity utilization hits 84.9% […]
