How much should your metals buy cost? It’s a simple question that doesn’t always have a simple answer — or, at the very least, an answer that’s easy to get. MetalMiner’s “should-cost” models aim to cut through the confusion and give buyers concrete ideas of what the products they’re buying should be costing them. The […]
Category: Metal Prices
This Morning in Metals: Copper price bounces back
This morning in metals news: the copper price bounced back Tuesday after a down Monday session; ArcelorMittal issued a statement on the European Commission’s policy proposals aimed at reducing emissions; and U.S. oil exports have fallen in each month since February. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
Week in Review: DOC’s updated SIMA system; steel prices rise; iron ore takes a breather
This week’s coverage included coverage ranging from the announced update to SIMA, iron ore price movements and the U.S.’s decision to rescind the recently reimposed 10% Canadian aluminum tariff. Before we head into the weekend, let’s take a look back at the week that was and all the metals storylines here on MetalMiner. Stay up […]
Stainless MMI: Stainless steel surcharges rise for fourth straight month
The Stainless Monthly Metals Index (MMI) increased by 11.3% for this month’s index value, as stainless steel surcharges rose for a fourth consecutive month. Upcoming negotiation on your stainless steel buy? Make sure you know how your service centers will negotiate with you. Stainless steel surcharges continue to increase Stainless alloy surcharges are rising for […]
Global Precious MMI: After big gains, silver price holds steady … but could have room to rise
The Global Precious Monthly Metals Index (MMI) gained 3.0% for this month’s MMI value, as the silver price steadied in the second half of August. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up today. Silver surge Last month, MetalMiner’s […]
This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff
This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these […]
Raw Steels MMI: U.S. steel prices make gains, aided by auto sector
The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value. Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up […]
Renewables/GOES MMI: China aims to strengthen cobalt stockpile
The Renewables Monthly Metals Index (MMI) gained 4.2% for this month’s MMI value, as China’s cobalt stockpile leads this month’s report. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel, or GOES.) Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. China looks to […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
Copper MMI: Copper prices pick up, aided by strong Chinese demand, supply fears
The Copper Monthly Metals Index (MMI) increased 5.1% for this month’s value, as copper prices continue to pick up globally. LME copper prices increased throughout August, trading over $6,500/mt the last few weeks of the month. SHFE prices also increased during the same period, as local demand remained strong and refined production tightened. Want an […]
