Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity […]
Tag: Aluminum
Aluminum MMI: Buyers see tight supply, rising physical delivery premiums
The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are […]
Rising aluminum physical delivery premiums — feature of a tight market
In a recent webinar MetalMiner ran for key clients, we posed a question regarding the recent rise of aluminum physical delivery premiums: what was behind rises and would they last? Physical delivery premiums are a significant cost to consumers. It can be a cost that is hard to hedge except for large consumers with access […]
This Morning in Metals: US energy consumption down 7% in 2020
This morning in metals news: US energy consumption fell by 7% in 2020; the United Steelworkers union commented on the details of President Joe Biden’s American Jobs Plan; and the aluminum price retraced last week. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. US energy […]
Metals industry groups react to details of Biden’s American Jobs Plan
President Joe Biden released details of the so-called American Jobs Plan, which among its stated goals aims to modernize infrastructure, revitalize manufacturing and create what it says will be “millions” of jobs. The proposal will include an investment of approximately $2 trillion over the next 15 years, the White House said Wednesday. The MetalMiner Best […]
Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’
Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization […]
Rising Midwest Premium reflects aluminum market tightness
The aluminum market is undeniably tight, as consumers are having to wait months for metal and the Midwest Premium rises. In some locations — Europe, in particular — consumers of rolled plate cannot secure new production space until well into Q3. Some mills have even pulled out of quoting for new business customers in 2021. […]
This Morning in Metals: ArcelorMittal launches XCarb™ low-carbon initiatives
This morning in metals news: ArcelorMittal announced a series of low-carbon initiatives; meanwhile, US import prices increased in February; and, lastly, the aluminum price has picked up this week. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report. ArcelorMittal unveils XCarb™ low-carbon […]
International Aluminum Institute outlines three ‘pathways’ for aluminum sector to reduce emissions
The International Aluminum Institute published a report outlining how the aluminum industry can reduce its emissions. Manufacturers of metals are increasingly under pressure to modernize their production processes and make them “greener.” In recent coverage, MetalMiner’s Stuart Burns has touched on China’s latest Five-Year Plan and its environmental implications for the country’s massive steel and […]
US confirms anti-dumping aluminum tariffs on key suppliers
Despite howls of protest from consumers, the Biden administration has doubled down on the Trump administration’s trade barriers with its latest move on aluminum tariffs. The administration recently slapped semi-finished flat rolled aluminium anti-dumping duties on 18 countries supplying the US market. Aluminum tariffs Previous administrations’ focus on China — first on extrusions in 2011 […]
