The London Metal Exchange today announced it is launching a formal consultation on proposed rules for “the application of responsible sourcing principles to all LME-listed brands.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our comprehensive market engagement exercise has revealed strong support for the LME taking action on this […]
Category: Sourcing Strategies
Mitigating Supply-Chain Risk When Natural Disasters Strike
Hurricanes Harvey, Irma, Maria, Florence and Michael all battered the United States in the last year, impacting Texas and Louisiana, Florida (namely the panhandle and south Florida), Puerto Rico, and the Carolinas. According to FiveThirtyEight, Hurricane Harvey last year dumped approximately 27 trillion gallons of water on Texas and Louisiana last year, leading to a whopping […]
GOES MMI: Spot Prices Slide While Manufacturers Challenge AK Steel, Metglas
Grain-oriented electrical steel (GOES) prices fell for the second month in a row, with multiple large power equipment manufacturers requesting exclusions from the Section 232 tariffs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook What makes these requests noteworthy involves the arguments made by each of the firms. One of […]
How Good Data Enables Section 232 and 301 Tariff Compliance
The Trump administration’s Section 232 investigation led to new steel and aluminum tariffs on China, but an even bigger trade decision is looming. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook In August 2017, the Office of the U.S. Trade Representative (USTR) launched a Section 301 probe, which sought to assess […]
MetalMiner Budgeting Workshop Surveys State of Metals Markets
MetalMiner® hosted its annual Budgeting Workshop on Wednesday, July 25, in Chicago, during which Executive Editor/Co-founder Lisa Reisman, Procurement Forecast Analyst Irene Martinez Canorea and Co-founder/Editor-at-large Stuart Burns shared their expertise on various metals markets and thought processes for procurers to consider as they attempt to lower their metals spend. Metals procurers attended the workshop […]
Ernst & Young Report Surveys the State of Digital Solutions in Mining
Every global business worth its name has or is going digital — the mining sector is no different. But is the mining sector getting it right while it goes about the transformation? Not exactly, claims advisory agency Ernst & Young in a new report. Need buying strategies for steel? Try two free months of MetalMiner’s […]
MetalMiner Uses Keelvar Sourcing Optimization Software in Case Study for Automotive Supplier
In the automotive world, cost is everything. That’s why, in a recent case study — titled “Using Advanced Sourcing Optimization to Negotiate Metal Contracts” — an automotive supplier approached MetalMiner for advice on its annual contract negotiations for carbon steel and stainless steel. Using Keelvar sourcing optimization software to evaluate contract awards and supply options, […]
