This morning in metals news: the March 2021 Monthly Metal Outlook (MMO) report is out; meanwhile, annual natural gas production declined in 2020; and, finally, pending home sales declined in January. Find more insight on MetalMiner’s LinkedIn. March 2021 MMO report Every first of the month, MetalMiner publishes its Monthly Metal Outlook forecast report, available […]
Category: Metal Prices
US steel capacity utilization ticks up to 77.2%
US steel mills churned out metal at a steel capacity utilization rate of 77.2% for the week ending Feb. 27, the American Iron and Steel Institute (AISI) reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. Steel capacity utilization gains Last week’s rate […]
European aluminum market under duress
There is not a lot of chatter in the press about this yet, but speak to producers and consumers and you will hear plenty of complaints about the European aluminum market. Both flat rolled and extruded products are facing serious supply issues. However, whether they will be short-lived or prove more persistent is not yet […]
Week in Review: Copper price strength; January auto sales; securing supply chains
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of the copper price, how the Biden administration will handle the former Trump administration’s metals tariffs and much more. The MetalMiner Best Practice Library offers a wealth of […]
This Morning in Metals: Arconic reports 14% revenue decline, led by aerospace weakness
This morning in metals news: Arconic reported its fourth quarter and full-year 2020 financial results; meanwhile, the Census Bureau reported steel import totals; and, finally, hot rolled coil steel prices continue to rise. Arconic reports Q4, 2020 financial results Pittsburgh-based Arconic reported Q4 2020 revenues of $1.5 billion, up 3% from the previous quarter. However, […]
Copper price continues to rise as supply tightens
The copper price has resumed its rise this month after taking a brief pause in January. Meanwhile, on the supply side, tightening began last year and could exacerbate in the year ahead. Strong demand from China, lack of new mine investment and enthusiasm about copper’s role in the renewables revolution are all contributing to the […]
This Morning in Metals: US industrial production up 0.9% in January
This morning in metals news: US industrial production picked up in January; global aluminum output also rose in January; and, lastly, General Motors reported a milestone in the construction of a new battery cell manufacturing plant in northeast Ohio. US industrial production rises US industrial production rose by 0.9% in January, the Federal Reserve reported. […]
US steel capacity utilization rises to 77.0%, steel prices continue to rise
The US steel sector capacity utilization rate ticked up to 77.0% for the week ending Feb. 20, the American Iron and Steel Institute (AISI) reported. Steel capacity utilization gains US steel production during the week ending Feb. 20 totaled 1.75 million net tons, AISI reported. The total marked a 7.2% year-over-year decline. Furthermore, the weekly […]
What’s next for the former Trump administration’s aluminum tariff?
Whether the new Biden administration creates a more insightful or sophisticated approach to trade remains to be seen. But, if nothing else, a new administration is a chance for a reset on policies that have not worked as intended under a previous administration. Aluminum tariff policy The previous administration’s Section 232 tariffs on aluminum of […]
This Morning in Metals: Copper price rally continues
This morning in metals news: the copper price rally is going strong; meanwhile, Rio Tinto released its 2020 Annual Report; and, finally, Norilsk Nickel reported a fatal accident at one of its facilities. Copper price rally After a January lull, the copper price rally has resumed in February. The LME three-month copper price closed Friday […]