This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot […]
Category: Metal Prices
Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices
If you’ve visited MetalMiner recently, you might have noticed some changes to our aluminum, carbon steel and stainless steel price landing pages. The pages can be found from the homepage’s top menu under “Metal Prices.” As of this month, visitors to these pages can now find a modified, interactive price chart modeling the LME three-month […]
This Morning in Metals: EVRAZ to move ahead with $500M Colorado steel plant expansion
This morning in metals news: EVRAZ will expand its Pueblo, Colorado plant to the tune of approximately $500 million; copper prices surged yesterday; and the Department of Commerce made a preliminary determination in its countervailing subsidy probe of small vertical engine imports from China. We’re offering timely emails with exclusive analyst commentary and some best […]
Beating forecast, U.S. housing starts surge in July to pre-pandemic levels
While there haven’t been many economic bright spots during the coronavirus pandemic, U.S. housing starts in July might inspire some optimism. U.S. housing starts in July reached a seasonally adjusted annual rate of 1.496 million, according to the Census Bureau and Department of Housing and Urban Development. In a recent Reuters poll, economists had forecast […]
European Commission launches investigation into flat-rolled aluminum from China
Following on from an investigation started in February, the European Commission has launched an anti-dumping investigation into imports of aluminum flat-rolled products from China. The trade group European Aluminium made the formal complaint to the European Commission. Stop obsessing about the actual forecasted aluminum price — it’s more important to spot the trend. Products included, […]
This Morning in Metals: U.S. steel capacity utilization rises to 61.5%
This morning in metals news: the U.S. steel sector’s capacity utilization gained once again last month; iron ore futures made gains; and Tokyo Steel Manufacturing Co is keeping its prices steady. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? U.S. steel capacity rises to 61.5% Continuing the recent theme, […]
Supply-side worries are supporting the zinc, lead and copper prices
Zinc and lead are co-mined metals, often assessed in tandem. Zinc and copper, however, are less likely to be viewed as driven by the same fundamentals. Sentiment, yes. All the base metals can be influenced by the same narrative, such as currency strength or China demand. It is true to say both price drivers have […]
Raw Steels MMI: Demand remains strong in China, lagging elsewhere
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI value. Learn when you should use a steel scrap cap collar contract versus a finished price index. Chinese demand on the rise In the past few months, Chinese HRC and CRC prices have increased over 20%. Meanwhile, their U.S. counterparts have followed […]
Stainless MMI: Surcharges rise for third straight month
The Stainless Monthly Metals Index (MMI) increased by 4.4% for this month’s MMI value. Surcharges increase for a third month While stainless demand continues to remain in line with U.S. flat-rolled producer supply, alloy surcharges are rising for the third month in a row. Why? The surcharge increases are again due to an increase in […]
Renewables/GOES MMI: China’s Huayou Cobalt pauses purchases from two Congo mines
The Renewables Monthly Metals Index (MMI) held flat for this month’s MMI value. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.) Want more metals analysis in your inbox? Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Chinese firm to pause purchasing from two Congo artisanal mines […]