The Rare Earths Monthly Metals Index (MMI) fell by 9.8% for this month’s reading. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Biden’s DOE awards $19M in funding for rare earths, critical minerals production initiatives As MetalMiner contributor Sohrab […]
Category: Metal Prices
Hot rolled coil in West Europe moves up, but buyers start to show caution
Western Europe’s hot rolled coil and cold rolled coil prices continued to rise over the past month. High demand from China and rising input prices supported prices, market sources told MetalMiner. Do you know the five best practices of sourcing metals, including steel? Hot rolled coil prices rise Hot rolled coil from European mills have […]
This Morning in Metals: May MMO report; crude oil imports; IEA on critical minerals
This morning in metals news: MetalMiner released its May MMO report earlier this week; US crude oil imports from OPEC are down; and the International Energy Agency issued a report on clean energy and the expected surge in critical mineral demand. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
Construction MMI: Construction spending rises, ABI reflects second consecutive month of billings growth
The Construction Monthly Metals Index (MMI) jumped by 12.1% for this month’s reading, as construction spending picked up in March. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US construction spending rises US construction spending in March reached a […]
Nickel prices rise but fail to catch up with other base metals market
Nickel prices and, as a result, stainless surcharges, remain in the doldrums this month, recovering only slightly from last month’s sharp sell-off. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Nickel prices drop in March Nickel’s bull story took a hit at the beginning of March by announcements from […]
This Morning in Metals: US steel capacity utilization rises to 78.7%
This morning in metals news: US steel capacity utilization picked up to 78.7% last week; the US Census Bureau reported US goods and services trade figures for March; and Ford released its April sales totals. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals […]
This Morning in Metals: U.S. Steel ends $1.5B plans to upgrade Mon Valley Works
This morning in metals news: U.S. Steel announced it is ending plans for $1.5 billion in upgrades to the Mon Valley Works site; the Census Bureau reported construction spending figures for March; and the copper price has heated up once again. Do you know the five best practices of sourcing metals, including steel? U.S. Steel […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
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 rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]
US steel imports rise nearly 20% from February to March
Preliminary US steel imports reached 2.1 million metric tons in March, the Census Bureau reported earlier this month. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. US steel imports rise, paced by sheets and HDG strip US steel imports picked up in March from the 1.7 […]
Global crude steel production bounces back in March
Given the outbreak of the COVID-19 pandemic throughout the world in early 2020, it’s no surprise that year-over-year crude steel production levels have surged so far this year. In its monthly production analysis, the World Steel Association (worldsteel) reported global crude steel production jumped by 15.2% year over year in March. With volatile steel markets, […]
