As metals buyers look to lock in their metals spend strategy, a reported decision by U.S. Steel could throw a wrench into some of those plans. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to a report by S&P Global Platts, the Pittsburgh-based steelmaker plans to move away from […]
Category: Sourcing Strategies
Metals Procurers Discuss Strategies, Year Ahead at MetalMiner Forecasting Workshop
Metals procurement professionals are always looking for an extra edge to better set and coordinate their metals spend. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Of course, a wide variety of factors enter the equation: cost, trade headwinds, supplier reliability, political movements and much more. At MetalMiner’s Forecasting Workshop […]
Norsk Hydro to Supply Aluminum for Audi’s First Fully Electric Model
Oslo-based Norsk Hydro has entered into an agreement with Audi to supply aluminum for the battery housing of the automaker’s first fully electric model. The aluminum, Hydro says, is “processed and manufactured along the entire value chain in an environmentally conscious manner and under socially acceptable working conditions,” conditions which have been confirmed by the […]
NASA: Faulty Materials from Aluminum Producer SPI Caused Failed Launches, Cost $700M
Following investigations regarding the cause of two launch failures in 2009 and 2011, NASA pointed the finger this week on faulty materials from aluminum manufacturer Sapa Profiles, Inc. (SPI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “NASA Launch Services Program (LSP) investigators have determined the technical root cause for […]
Podcast Ep. 6: How One of the Largest U.S. Truck Manufacturers Mitigates Tariff Risk — and Plans for 2020
In the aftermath of the Section 232 tariffs on steel and aluminum going into effect in March 2018, we heard and read a lot about some of the largest American OEMs and their business challenges. For example, Ford Motor Company’s claim that the tariffs cost the automaker $1 billion in profits last year. But what’s […]
LME Kicks Off Consultation on Proposed Responsible Sourcing Principles
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 […]
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 […]