This morning in metals news: MetalMiner’s 2021 Forecasting Workshop is tomorrow; steel shipments from U.S. mills dropped 22% in June; and the European Steel Association outlined the impact of the COVID-19 pandemic on the European steel sector. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates now. Last chance to […]
Category: Non-ferrous Metals
Aluminum MMI: Chinese aluminum demand remains strong, imports surge
The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
This Morning in Metals: U.S. steel capacity utilization reaches 60.4%
This morning in metals news: The U.S. steel sector posted another incremental increase in capacity utilization. Meanwhile, the Aluminum Association applauded a Department of Commerce decision regarding subsidies of imported aluminum sheet. Lastly, Alcoa criticized the Trump administration’s decision to reimpose the Section 232 aluminum tariff on imports from Canada. Steel sector capacity utilization rises […]
Copper MMI: Copper prices trend sideways
The Copper Monthly Metals Index (MMI) increased 5.4% for this month’s MMI reading. LME copper prices increased through the first half of July and have traded sideways since mid-July. However, the price remains well above $6,000/mt. Chinese demand remains strong and market sentiment remains positive. Want an occasional email from MetalMiner that highlights new content […]
This Morning in Metals: Trump reimposes 10% tariff on some Canadian aluminum
This morning in metals news: President Donald Trump on Thursday signed a proclamation to reimpose tariffs on some Canadian aluminum; China’s copper imports surged in July; and the Bureau of Labor Statistics released its latest jobs report Friday morning.
Week in Review: Aluminum prices rise; steel capacity gains; Ford CEO to retire
It was another busy week in the world of metals and metal-using sectors. Among this week’s major developments were an executive shakeup at Ford, aluminum prices on the rise in China and a U.S. steel sector seeing capacity utilization gains week by week.
This Morning in Metals: LME copper price makes midweek gains
This morning in metals news: the copper price inched upward Wednesday; U.S. coal-fired plants have been transitioning to natural gas; and Norilsk Nickel recently released its production results for the first half of the year.
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.