The Renewables Monthly Metals Index (MMI) rose by 4.4% this month, as the Energy Information Administration released a forecast on renewable energy. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) Renewable energy growth in the US US electricity generation from renewable energy sources is forecast to double over the […]
Category: Public Policy
This Morning in Metals: US steel sector capacity utilization rate dips to 75.2%
This morning in metals news: the US steel sector’s steel capacity utilization rate dipped to 75.2% last week; meanwhile, Tata Steel reported its highest ever consolidated quarterly EBITDA; and, lastly, the Metals Service Center Institute (MSCI) launched a new campaign advocating for infrastructure investment. Steel capacity utilization down to 75.2% The US steel sector’s capacity […]
Aluminum MMI: US reinstates tariff on aluminum imported from UAE
The Aluminum Monthly Metals Index (MMI) increased by 2.1% this month, as LME aluminum prices traded sideways and the US reinstated the Section 232 aluminum tariff on imports from the United Arab Emirates. U.S. aluminum reinstates aluminum tariff on UAE On Feb. 1, President Joe Biden reinstated the 10% aluminum tariff on imports from the […]
Biden executive orders target climate change, federal procurement of domestic goods
In just over two weeks, President Joe Biden has signed 28 executive orders aimed at a wide variety of issues. The orders range from Medicaid to the country’s pandemic response to augmenting public health supply chains. Relevant to metals, Biden signed two orders aimed at increasing domestic content in federal procurement and the climate crisis. […]
This Morning in Metals: Biden signs executive order aimed at boosting federal procurement of U.S.-made products
This morning in metals news: President Joe Biden on Monday signed an executive order aimed at boosting U.S. manufacturing; the U.S. steel sector’s capacity utilization rate during the week ending Jan. 23 reached 75.7%; and the Energy Information Administration expects energy-related carbon dioxide emissions to tick back up once again in 2021 and 2022 after […]
Indian industry groups put pressure on ministers to ban iron ore exports
A chorus of protests against Indian iron-ore exports — with associations of sponge iron and steel-forgings manufacturers making common cause with the India Steel Association (ISA) — has brought pressure on ministers to ban exports of iron ore. Of those exports, 90% goes to China. The groups are protesting in a bid to support domestic […]
This Morning in Metals: U.S. import prices up 0.9% in December
This morning in metals news: U.S. import prices rose in December; the Aluminum Association commented on potential changes to the Section 232 aluminum tariff program; and November steel shipments dropped by 11.9%. U.S. import prices gain by 0.9% in December U.S. import prices jumped by 0.9% in December, per the Bureau of Labor Statistics. Furthermore, […]
Rare Earths MMI: $2.3T government spending bill includes more than $800M for rare earths research
The Rare Earths Monthly Metals Index (MMI) gained 18.2% for this month’s index value. Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts. $2.3T pandemic aid, government spending package includes rare earths research funds Late last year, President Donald Trump signed a $2.3 trillion pandemic aid […]
This Morning in Metals: U.S. average retail gas price dropped to lowest since 2016 last year
This morning in metals news: U.S. average gas prices fell to their lowest level since 2016 last year; the U.S. Treasury announced sanctions against Iran’s steel industry; and Ford Motor Co. released its Q4 2020 U.S. sales results. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for […]
Brexit aftermath: U.K.-E.U. reach deal, but much is left to be decided
After four and a half years and unprecedented social and political discord, it has finally happened: the United Kingdom has left the European Union with the bare bones of a free trade agreement. More MetalMiner is available on LinkedIn. Bare bones free trade agreement It took until Christmas Eve — ahead of the Dec. 31 […]
