Lower auto sales in Europe have put West European hot rolled coil prices under pressure. However, demand from construction is nonetheless helping to support prices for the flat-rolled product. “People want to invest their money into something,” one trader source told MetalMiner. We’re offering timely emails with exclusive analyst commentary and some best practice advice. […]
Category: Metal Prices
Global steel production falls 10.6%; steel prices soften but remain elevated
Yesterday, MetalMiner’s Stuart Burns touched on the aluminum market and plummeting inventories, a trend in stark contrast to former times of plenty. Meanwhile, in the steel market, global crude steel production totaled 145.7 million metric tons in October, the World Steel Association reported. Do you know the five best practices of sourcing metals, including steel? […]
Aluminum inventories dwindle toward zero
Longtime readers of MetalMiner may recall a number of aluminum posts we have put out over the years since the financial crisis that explore shadow stocks or the “stock and finance trade” inventory that have referred to the murky world of “off-warrant,” or non-exchange, reserves of aluminum. Those reserves are often hard to determine in […]
Guest Post: America’s stainless steel shortage
(Editor’s note: The following is a guest post from C.J. Nord, C.P.M., CSCP, founder of the nonprofit Supply Chains for Good, and Harry Moser, founder and president of the Reshoring Initiative.) Don’t hold out hope for the U.S.’s stainless steel shortage to get better until you know of new supply coming online. There appear to […]
ICSG: Copper mine production up 3.3% through eight months
Global copper mine production increased by 3.3% through the first eight months of the year, the International Copper Study Group reported today. Meanwhile, copper prices have stabilized somewhat this month after plunging in late October. We’re offering timely emails with exclusive analyst commentary and some best practice advice. Copper mine production Global copper concentrate production […]
This Morning in Metals: Nucor to add blast and prime line at Kentucky plate mill
This morning in metals news: Nucor Corporation announced it is adding a blast and plate line at its under-construction Kentucky plate mill; aluminum prices have stabilized somewhat after plunging in late October and early November; and, lastly, job openings rates decreased in 12 states in November. MetalMiner has launched a full suite of precious metals […]
Week in Review: Stainless steel base prices rise; Biden signs infrastructure bill; European Commission slaps duties on stainless steel from India, Indonesia
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: Each month, MetalMiner hosts a webinar on a specific metals topic. The next webinar is scheduled for Wednesday, Dec. 8, during which the MetalMiner team will discuss price predictions for 2022. To […]
Chatting with Norsk Hydro VP of Finance and Strategy Mike Stier about the infrastructure bill’s impact on aluminum
U.S. President Joe Biden on Monday signed the $1.2 trillion Infrastructure Investment and Jobs Act into law. The bill includes funding to upgrade the country’s transportation infrastructure, electric grid and more. As such, the projects will certainly need metals like steel, copper and aluminum, among others. In that vein, we recently chatted with Mike Stier, […]
This Morning in Metals: Merchants Fleet expands BrightDrop EV order to 18,000
This morning in metals news: Merchants Fleet will expand its purchases of BrightDrop electric vehicles to 18,000; meanwhile, the Producer Price Index for metals and metal products increased in October; and, finally, the United States International Trade Commission issued a vote on freight rail coupler systems from China. You want more MetalMiner on your terms. […]
U.S. steel capacity utilization rises to 84.1%
The U.S. steel sector’s capacity utilization rate reached 84.1% for the week ending Nov. 13, the American Iron and Steel Institute reported. Make sure you are following the five best practices of sourcing steel. Steel capacity utilization Steel capacity utilization reached 84.1%, up from 83.4% the previous week. Steel output last week totaled 1.86 million […]