This morning in metals news: the latest MetalMiner Monthly Metal Outlook report is out; Steel Dynamics has acquired a Mexican metals recycling company; and copper prices bounced back off three-week lows Monday.
Category: Metal Prices
U.S. steel capacity utilization inches closer to 60%
The U.S. steel sector’s steel capacity utilization rate has continued to inch upward in recent months, rising to 59.3% for the week ending Aug. 1.
Aluminum is having a strong recovery in China
Aluminum does appear to be having a surprisingly strong post-pandemic recovery — in China, at least.
Week in Review: Stainless steel demand; industrial production; copper prices
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner.
Copper prices continue hot streak; production flat through four months
Copper prices have surged this year as China’s recovery from the coronavirus pandemic continues.
This Morning in Metals: Core markets ‘showing signs of recovery,’ ArcelorMittal says
Steelmaker ArcelorMittal says its core markets have exhibited some signs of recovery.
U.S. aims to break rare earths dependence on China with Lynas project
The U.S. took a big step forward in its effort to curb its dependence on China for rare earths.
Tata Steel to launch first scrap-based steel plant in India
India’s first scrap-based steel plant will soon come online. Tata Steel has set up the new plant in Haryana in central India. The plant is expected to have an annual capacity of 500,000 tons, the Hindu Business Line reported. Tata has set up the plant in collaboration with Aarti Green Tech Ltd, a subsidiary of […]
This Morning in Metals: Canadian P1020 aluminum exports to U.S. fall in July
This morning in metals news: the Aluminum Association of Canada reported the country’s aluminum exports to the U.S. have declined; Great Lakes region steel production is down this year; and the International Tin Association commented on Yunnan province’s tin stockpiling initiative.
Stainless steel demand holds back the nickel price
The nickel price has not recovered as quickly as other base metals have.