If we think copper, zinc, and even aluminum have performed well this year, none of them are a patch on iron ore. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. Iron ore prices rise China’s iron ore imports […]
Category: Supply & Demand
This Morning in Metals: $2 trillion in infrastructure, green policies seen as boon for metals; Why China is binging on aluminum imports
In the coming months, metal prices could be buoyed by policies of the next U.S. presidential administration, Reuters reports. President-elect Joe Biden plans to spend $2 trillion on infrastructure and promote green policies, which require the use of more batteries and solar panels — both of which rely heavily on metals. MetalMiner should-cost models: Give […]
High demand for HRC, low availability prompt Western Europe mills to seek price hikes
HRC mills in Western Europe continue to seek higher prices for hot rolled coil on high local demand and low availability, traders told MetalMiner. End users are also trying to hedge their positions because November and December are the two months when they build up stocks before year’s end, traders said. Cut-to-length adders. Width and […]
Global crude steel production rises 7% in October, paced by China
Not surprisingly, China paced a significant jump in October 2020 crude steel production. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! October 2020 crude steel production up 7% October 2020 global crude steel production has bounced back after a down spring […]
Global aluminum market in surplus, paced by rising Chinese production
As the World Bureau of Metal Statistics (WBMS) will tell you, the global aluminum market reached a surplus of 1,603 kt in the January to September 2020 period. That tripled the surplus of 480 kt recorded for the whole of 2019. Do you know the five best practices of sourcing metals, including aluminum? Global aluminum […]
Copper in deficit as prices continue long-term surge
Earlier today we touched on aluminum prices — well, the copper price is similarly ascendant. The copper price has, as we’ve mentioned on multiple occasions, been supported by a recovering Chinese economy. Furthermore, according to data released Monday by the International Copper Study Group (ICSG), global copper production declined over the first eight months of […]
Oil price bounces back on encouraging COVID vaccine news
The oil price was not alone in responding positively to this week’s encouraging news from Pfizer and BioNTech regarding progress with their mRNA COVID vaccine. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be […]
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 […]
Western European steelmakers expect improved 2021 but remain cautious
West European steelmakers are likely to see improvements in production and demand for their rolled products in 2021, following the adverse economic effects due to COVID-19 in 2020, industry watchers predicted. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Better 2021 for […]
Week in Review: Airbus-Boeing saga; industrial production; Liberty’s Thyssenkrupp bid
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, including the Airbus–Boeing subsidy saga, industrial production, Liberty Steel’s bid for German firm Thyssenkrupp’s steel division and much more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides […]
