This morning in metals news: the October Monthly Metals Index (MMI) report is out; the E.U. is reportedly considering imposing carbon border fees; and Alcoa released its third-quarter financial earnings. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a […]
Category: Metal Prices
This Morning in Metals: August 2020 steel shipments fall 22.9%
This morning in metals news: August 2020 steel shipments by U.S. steel mills fell 22.9% year over year; Norsk Hydro announced the termination of a memorandum of understanding; and, finally, the copper price made mid-week gains. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
Stainless MMI: U.S. stainless imports surge as surcharges move up again
The Stainless Monthly Metals Index (MMI) decreased by 3.8% for this month’s index value, as U.S. stainless imports surged last month. Do you know the five best practices of sourcing metals, including stainless steel? U.S. stainless imports rise 76% The U.S. Department of Commerce reported the U.S. imported a total of 91,600 metric tons of […]
Raw Steels MMI: Steel market recovery shows strength
The Raw Steels Monthly Metals Index (MMI) increased 2.8% for this month’s index value amid a steel market recovery. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. Steel market recovery All U.S. forms of steel prices increased throughout September. HRC, CRC and HDG prices increased rapidly […]
China is leading the metals rebound
A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 67.9%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Copper MMI: Copper demand outlook shows strength
The Copper Monthly Metals Index (MMI) decreased 1.2% for this month’s value, even as the copper demand outlook shows signs of strength. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing […]
Aluminum MMI: SHFE, LME trade sideways; India, Europe look to protect domestic industries
This month the Aluminum Monthly Metals Index (MMI) remained flat for this month’s index value, as the SHFE aluminum price and its LME counterpart trended sideways this past month. Do you use cost breakdowns in your aluminum negotiations? See other tips in negotiating with mills and service centers. SHFE, LME prices’ behavior The SHFE aluminum […]
This Morning in Metals: U.S. steel prices continue upward movement
This morning in metals news: U.S. steel prices have made significant gains in recent weeks; exports of liquefied natural gas (LNG) from two key Louisiana export terminals have resumed after Hurricane Laura; the coronavirus pandemic has impacted tin production in Bolivia. Do you use cost breakdowns in your steel negotiations? See other tips in negotiating […]
Renewables/GOES MMI: SVOLT to supply cobalt-free batteries to automaker Great Wall
The Renewables Monthly Metals Index (MMI) posted no movement for this month’s MMI index value, as this month’s report leads with China’s SVOLT providing cobalt-free batteries to automaker Great Wall. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying […]
