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 industrial metals bouncing back, iron ore’s roaring 2020 and much more: Week of Dec. 7-11 (industrial metals, iron ore and more) Stuart Burns overviews industrial metals trends this year and looks […]
Category: Metal Prices
Construction MMI: U.S. construction spending rises 3.7% year over year
The Construction Monthly Metals Index (MMI) rose 4.9% for this month’s index value, as U.S. construction spending showed recent gains. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. U.S. construction spending U.S. construction spending in October 2020 reached a seasonally adjusted annual rate of $1,438.50 billion, the Census Bureau […]
Stainless MMI: Producers wary to ramp up capacity
The Stainless Monthly Metals Index (MMI) increased by 3.8% for this month’s index value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. producers wary to ramp up capacity Demand from automotive and white goods manufacturers has been strong in the […]
Automotive MMI: Ford returns to monthly sales reporting
The Automotive Monthly Metals Index (MMI) gained 9.6% for this month’s index value, as U.S. auto sales continue to show resilience. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. U.S. auto sales General Motors switched from monthly to quarterly sales reporting in 2018; Ford followed suit […]
This Morning in Metals: ArcelorMittal completes sale of ArcelorMittal USA to Cleveland-Cliffs
This morning in metals news: ArcelorMittal officially completed the sale of ArcelorMittal USA to Cleveland-Cliffs; the Energy Information Administration (EIA) projects energy-related carbon dioxide emissions to fall this year; and the copper price continues its long-term rise. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. […]
Aluminum performing strongly on China data
China is going through a purple patch at the moment, particularly the Chinese aluminum sector. An early and strong rebound from Q1 lockdowns and significant stimulus investment that has made its way into property and infrastructure activity have boosted demand for all the base metals. However, aluminum has arguably seen the biggest benefit. Sign up […]
Raw Steel MMI: Index increases by 9%
The Raw Steels Monthly Metals Index (MMI) increased by 9% for this month’s value. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. demand continues to recover Year-to-date production through Nov. 28, 2020 declined 18.4%, according to the American Iron and […]
Zinc is following a bull narrative like copper
On the face of it, zinc is yet another base metal on a bull run, from a low of $1,675 per ton in March of this year to around $2,800 per ton now. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! An ING […]
This Morning in Metals: $2 trillion in infrastructure, green policies seen as boon for metals; Why China is binging on aluminum imports
In the coming months, metal prices could be buoyed by policies of the next U.S. presidential administration, Reuters reports. President-elect Joe Biden plans to spend $2 trillion on infrastructure and promote green policies, which require the use of more batteries and solar panels — both of which rely heavily on metals. MetalMiner should-cost models: Give […]
Copper MMI: China’s new exchange signals change
The Copper Monthly Metals Index (MMI) increased 11.0%. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! New copper futures contract On Nov. 19, the Shanghai International Energy Exchange (INE), a subsidiary of the SHFE, started trading new bonded copper futures contracts. This contract […]
