Shanghai steel futures extended gains to hit an eight-week high on Monday, according to a post on Nasdaq.com. Futures made further gains overnight, according to MetalMiner’s Insights platform. Rebar and hot rolled coil both hit peaks last seen on May 19, when the market last spiked only to crash after dire warnings from Beijing about […]
Category: Metal Prices
Raw Steels MMI: Steel prices remain elevated in tight market
The Raw Steels Monthly Metals Index (MMI) rose by 6.6%, as U.S. steel prices continued their rally. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Production, capability utilization rise According to the World Steel Association, global crude steel production […]
Rare Earths MMI: Contract signing establishes emerging US-EU rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) fell 2.7% for the July MMI reading. 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. First shipment establishes new US-EU rare earths supply chain Energy Fuels Inc. and Neo Performance Materials […]
Stainless MMI: ATI, USW reach tentative agreement to end strike
The Stainless Monthly Metals Index (MMI) increased by 2.1% for this month’s reading. Are rising surcharges causing concern? Make sure your base prices are held fixed. See how service centers negotiate with you. Nickel pig iron replacement As steel prices continue to rally, stainless steel producers in China seem to be saving costs by replacing […]
This Morning in Metals: GM sales in China rise 5.2% in Q2
This morning in metals news: General Motors reported strong Q2 sales in China; miner Anglo American said it had completed its first maritime biofuel trial; and, lastly, the copper price has trended sideways so far in July. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
Construction MMI: US construction spending dips in May
The Construction Monthly Metals Index (MMI) rose by 0.9% for this month’s index reading, as U.S. construction spending fell by 0.3% in May from the previous month. 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. US construction spending U.S. […]
Unlike the rest of the world, China’s steel market is surprisingly steady
China’s steelmaking raw materials and finished steel markets are in a real state of flux at the moment. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Recovery and a new dynamic impacting steel prices On the one […]
Copper MMI: Copper prices consolidate
The Copper Monthly Metals Index (MMI) decreased by 7.3% for this month’s reading, as copper prices declined. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Copper stock Since the beginning of the year, there have been concerns over copper […]
Week in Review: Aluminum prices remain elevated; auto sales post strong Q2; USW, ATI reach tentative deal
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of aluminum prices, U.S. auto sales, a Saudi-Emirati oil output spat and much more: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay […]
Aluminum MMI: Aluminum prices remain historically high
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices traded mostly sideways but remained historically high. Are you under pressure to generate aluminum cost savings? Make sure you are following these five best practices. Aluminum prices Throughout June, LME aluminum prices cooled off. However, in the last week of the […]