Stainless steel prices in Asia have plateaued for now. But most suggest this is a temporary slowdown in advance of the Chinese New Year holidays. Thereafter, the market is likely to continue its relentless rise of the last two years. China stainless steel market ramps up output According to ArgusMedia, China’s production, imports and consumption […]
Category: Metal Prices
This Morning in Metals: Copper price slips to one-month low
This morning in metals news: the copper price fell to its lowest level in a month; US housing starts ticked up 5.8% in December; and China’s industrial profits rose 4.1% in 2020. Copper price dips to one-month low After surging in the second half of 2020, the copper price has slumped thus far in 2021. […]
Week in Review: General Motors shoots for carbon neutrality by 2040; copper price cools; December US steel imports rise
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner. In sustainability news, Big 3 automaker General Motors said it intends to be carbon neutral in its operations by 2040. The automaker has also indicated it will offer 30 new all-electric models […]
China’s property market is a driver — and risk — for steel prices
Just about every review of growth in China — of steel prices or of iron ore demand — contains reference to China’s property market. Few countries in the world have a property sector that plays such a large and dynamic role in the country’s GDP. Furthermore, few have one that causes such concern among a […]
World Steel Association: Global crude steel production down 0.9% in 2020
After global crude steel production rose for four consecutive years, output declined last year, the World Steel Association reported Tuesday. Global crude steel production drops 0.9% in 2020 Global crude steel production fell by 0.9% in 2020 compared with 2019, the World Steel Association reported. Production had increased every year from 2015-2019. Output last year […]
Copper output down, long-term price rally takes January breather
The International Copper Study Group (ICSG) reported the global copper market posted an apparent deficit of 480,000 metric tons through the first 10 months of 2020. Global copper market in deficit, output down In addition to the global copper market deficit, the ICSG reported global copper mine production fell by 0.5% during the aforementioned period. […]
This Morning in Metals: Cleveland-Cliffs releases Q4 2020 results
This morning in metals news: Cleveland-Cliffs released its preliminary Q4 2020 results; demand for sustainable aluminum is rising in the maritime industry; and U.S. steel prices continue to rise. Cleveland-Cliffs revenue jumps Cleveland-Cliffs reported Q4 2020 revenues of approximately $2.2 billion to $2.3 billion. The total marked a 320% year-over-year jump. Meanwhile, the firm reported […]
Week in Review: LME steel contracts; Thyssenkrupp’s spinoff effort; ‘green’ aluminum
Before we head into the weekend, let’s take a look back at the week that was in metals storylines here on MetalMiner, including Stuart Burns on LME steel contracts, the green revolution in aluminum and much more. Regarding the LME steel contracts, Burns noted, “For over 200 years, the London Metal Exchange (LME) has provided […]
This Morning in Metals: Aluminum Association lays out priorities for Biden administration
This morning in metals news: the Aluminum Association outlined the issues it hopes the Biden administration will take on; in addition, Alcoa recently reported its Q4 2020 and full-year results; and, finally, the oil price retraced slightly this week. Aluminum Association: aluminum can be part of ‘American comeback’ story The Aluminum Association laid out its […]
This Morning in Metals: U.S. steel capacity utilization hits 76.7%
This morning in metals news: the U.S. steel sector’s capacity utilization rate hit 76.7% last week; the London Metal Exchange has proposed permanently closing its iconic Ring trading floor; and the copper price has trended flat over the past week. Steel capacity utilization reaches 76.7% The U.S. steel sector’s capacity utilization rate hit 76.7% for […]