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 […]
Category: Metal Prices
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, […]
Week in Review: Aluminum smelter labor deal; copper prices; pandemic challenges for brewers
Before the weekend, let’s take a look at the week that was and the metals storylines here on MetalMiner, including an aluminum smelter labor deal, copper prices, environmental policy developments and more: Find more insight on MetalMiner’s LinkedIn. Week of April 19-23 (aluminum labor deal, copper prices and more) Stuart Burns on copper price movements […]
This Morning in Metals: ‘Clean Sheet Project’ targets production of recyclable automotive sheet metals
This morning in metals news: a $2 million project seeks to develop ways to more cost-effectively produce lightweight automotive sheet metals; meanwhile, U.S. Steel joined the global nonprofit ResponsibleSteel™; and the copper price has picked back up over the last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
Maintenance, high demand boost NLMK Group’s Q1 production and sales
Russian steelmaking group Novolipetsk Steel (NLMK) reported a 4.1% year-over-year rise in its Q1 crude steel production. The jump came partly due to completion of maintenance on its long products facility at the Lipetsk site. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. NLMK output rises […]