This morning in metals news: as the U.S. economy reopened, job openings hit a record high in April; meanwhile, steel prices continue to rise; and, lastly, emissions from the electric power sector have declined as it has shifted from coal to natural gas. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Category: Metal Prices
Aluminum MMI: Is a consolidation period ahead for aluminum prices?
The Aluminum Monthly Metals Index (MMI) increased by 0.9% this month, as aluminum prices reached a nine-year high during the first half of the month but later declined. Stop obsessing about the actual forecasted aluminum price. It’s more important to spot the trend. See why. Aluminum prices The LME aluminum price reached a nine-year high […]
This Morning in Metals: Nucor to acquire insulated metal panels business
This morning in metals news: Nucor Corporation today announced it will acquire Cornerstone Building Brands‘ insulated metal panels business; the oil price approached $70 per barrel to close last week; and the aluminum price has retraced over the last month. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Week in Review: Iron ore shows volatility; hot rolled coil prices rise; China relaxes rare earths production quotas
Before we head into the weekend, let’s take a look back at the week that was and the metals news here on MetalMiner, including iron ore volatility, rare earths production quotas in China and much more: We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Week of May […]
This Morning in Metals: Nonfarm payroll employment rises by 559,000
This morning in metals news: US nonfarm payroll employment rose by 559,000 in May; the EU plans to impose carbon emissions costs on imports of steel, cement and electricity, Reuters reported; and the LME copper price dropped below $10,000 per metric ton. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the […]
European hot rolled coil prices show no sign of slowing, some end-users complain of shortages
Hot rolled coil prices in Western Europe have not slowed their upward trek over the past month. Demand continues to outstrip supply for the flat-rolled product, industry watchers said June 1. “It has everything to do with high demand in Europe and the United States,” one trader told MetalMiner. The MetalMiner Best Practice Library offers […]
China’s iron ore demand poses problem for some Indian steelmakers
China’s increased appetite for iron ore has become a problem for neighbor India. In the first four months of 2021, ore exports from India increased by 66% to 22.42 million tons (MT). As much as 90% of this went to China, according to Business Today. Each month, MetalMiner hosts a webinar on a specific metals […]
Week in Review: Section 232 tariffs; metals prices pull back; China warns commodity speculators
Before we head into the weekend, let’s take a look back at the week that was here on MetalMiner, which included coverage of the Section 232 tariffs, the recent metals price pullback, China’s warning to commodity speculators and much more: Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars […]
Global copper mine production up 3.5% through first two months of 2021
Global copper mine production rose by 3.5% through the first two months of the year, the International Copper Study Group reported. Furthermore, copper concentrate production rose by 5% during the period, while solvent extraction-electrowinning fell by about 3%. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on […]
EPI white paper: Section 232 boosted aluminum industry investment, jobs
Over three years later, analysis, assessments and calls for removal or maintenance continue to pour in with respect to the former Trump administration’s Section 232 tariffs on steel and aluminum. In 2018, former President Donald Trump used Section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum of 25% […]