Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding […]
Tag: L1
U.S. steel sector capacity utilization rate rises to 69.4%
The U.S. steel sector continued to show incremental gains in capacity utilization last week. Capacity utilization by U.S. mills rose to 69.4% for the week ending Oct. 17, 2020, according to the American Iron and Steel Institute (AISI). See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for […]
U.S. ups the ante in Boeing-Airbus subsidy saga
Airbus and Boeing — or, more reasonably, Brussels and Washington — are still at it, haggling over subsidies both sides have received over the decades. The action and counteractions, originally started by the U.S. to stem what it saw as a rising European rival to Boeing’s dominance, has been rumbling on for 16 years. Both […]
What does China’s environment pledge mean for its massive steel sector?
According to the Financial Times, China’s President Xi Jinping surprised the global community by announcing last month a hugely ambitious plan to improve China’s environment and make the country carbon-neutral by 2060. In addition, he said the country’s emissions would peak before 2030. But does this really mean anything? If it does, what impact will […]
Raw Steels MMI: Steel market recovery shows strength
The Raw Steels Monthly Metals Index (MMI) increased 2.8% for this month’s index value amid a steel market recovery. Stop obsessing about the actual forecasted steel price. It’s more important to spot the trend. See why. Steel market recovery All U.S. forms of steel prices increased throughout September. HRC, CRC and HDG prices increased rapidly […]
The nickel market is set for major disruption
There is a looming crisis in the nickel market. Some would argue it’s a good problem to have. Demand is set to rise on the back of increasing uptake of electric and hybrid vehicles through this decade. More and more governments will mandate the production of electric vehicles (EVs) over internal combustion engine (ICE) autos. […]
Global Precious MMI: Precious metals retrace after Trump’s announcement on stimulus
The Global Precious Monthly Metals Index (MMI) retraced 2.2% for this month’s index reading, as the gold price and the silver price both lost previous gains. 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 […]
Rare Earths MMI: Executive order takes aim at U.S. critical mineral import dependence
The Rare Earths Monthly Metals Index (MMI) posted no movement for this month’s index reading, as President Donald Trump signed an executive order that aims to strengthen the domestic mining industry and mitigate dependence on foreign sources of critical minerals. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
Construction MMI: August 2020 construction spending up 1.4%
The Construction Monthly Metals Index (MMI) held flat this month, showing no movement from last month’s index value, as August 2020 construction spending picked up from the previous month. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. August 2020 construction spending August 2020 […]
Automotive MMI: Despite low inventory, Q3 2020 automotive sales show improvement
The Automotive Monthly Metals Index (MMI) gained 2.2% for this month’s index value, as Q3 2020 automotive sales showcased some basis for optimism. 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 used when […]
