This morning in metals news: the U.S. has seen rising imports of blooms, billets and slabs; the power sector’s coal consumption dropped significantly in the first half of this year; and copper prices trended sideways this week. Do you know the five best practices of sourcing metals, including steel? U.S. imports of blooms, billets and […]
Category: Non-ferrous Metals
This Morning in Metals: Nickel price gains to start the week
This morning in metals news: the nickel price has gained to start the week; Reliance Steel and Aluminum Co. recently released its Q3 results; and, finally, the U.S. imported $19 billion in energy goods from Mexico last year. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
LME’s proposed low-carbon ‘green aluminum’ contract faces industry opposition
Readers of a recent Financial Times article reporting the opposition of major primary aluminum producers Norsk Hydro and Hindalco Industries to the LME’s proposed “green aluminum” contract may feel the primary producers are swimming against the tide of history. Aluminium is a core material needed for increasing efficiency and lowering carbon dioxide emissions by reducing […]
This Morning in Metals: Steel capacity utilization rate reaches 70.4%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ended Oct. 31 jumped to 70.4%; Cleveland-Cliffs said the Trump administration will take action under Section 232 vis-a-vis imports of laminations and imported grain-oriented electrical steel (GOES); and, finally, the LME three-month primary aluminum price picked up to start the […]
This Morning in Metals: Aluminum price retraces below $1,800/mt
This morning in metals news: The aluminum price retraced this week General Iron is building a new metal shredding home in Chicago Finally, the United States Geological Survey (USGS) reported estimates on undiscovered Gulf Coast Basin oil reserves The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
This Morning in Metals: Could a Biden administration revisit tariffs on China?
This morning in metals news: Reuters reported Democratic presidential candidate Joe Biden could revisit the status of the U.S.’s tariffs on China imposed by President Donald Trump; miner Fortescue released its quarterly production report; and tin prices have retraced over the last week. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying […]
Aluminum can market fizzes amid struggle to meet surging demand
Aerospace may be down, automotive is coming back, albeit going through immense change from internal combustion engine (ICE) to electric vehicles (EVs), but one sector of the aluminum market that is brewing up a storm is the aluminum can market. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our […]
Copper mine production down but strike averted at Escondida
Global copper mine production fell 0.8% during the first seven months of 2020, the International Copper Study Group (ICSG) reported. Furthermore, the global copper market posted an apparent deficit of 255,000 metric tons during the period. Do you know the five best practices of sourcing metals, including copper? Copper mine production slips Although copper mine […]
This Morning in Metals: Vale iron ore output jumps 31% in Q3 2020
This morning in metals news: miner Vale released its Q3 2020 production results; the Can Manufacturers Institute announced it will release grants in 2021 for aluminum can capture equipment; and, finally, U.S. crude oil inventories remain elevated. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Vale iron ore output […]
This Morning in Metals: U.S. Steel announces startup of EAF in Alabama
This morning in metals news: U.S. Steel on Monday announced the startup of a new electric arc furnace (EAF) in Fairfield, Alabama; WTI crude dipped below $39 per barrel; and the International Aluminum Institute released global alumina production data. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]