The U.S. steel sector has slowly but surely been showing some signs of recovery.
Tag: L1
Iron ore is being undermined by slowing steel demand
A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market.
Indian sponge iron manufacturers ask government to restrict iron ore pellet exports
Indian sponge iron manufacturers are looking to the government to limit exports of iron ore pellets.
Global aluminum production in June reaches 5.27M tons
Global aluminum production in June increased slightly from the previous month on a daily average basis.
U.S. steel sector’s capacity utilization rate continues to inch upward
The U.S. steel sector’s capacity utilization rate inched upward yet again last week.
U.S. housing start activity surges 17.3% in June
U.S. housing start activity bounced back in June.
China may be doing the heavy lifting for metals price support — but the legs are looking shaky
True to form, if not to scale, Beijing resorted to infrastructure spending this quarter to support the economy as it sought to pull the country out of government-imposed lockdowns in the first quarter.
E.U. pushes hydrogen in latest greenhouse gas emission policy review
The media — at least in Europe — seems to be abuzz with talk about green hydrogen. As an energy source, backers envision hydrogen powering everything from aircraft, to steel mills, to global shipping fleets, cars, and homes.
Raw Steels MMI: U.S. market still has a steep curve ahead
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI reading.
LME now reporting off-warrant stock … what does it mean for the market?
Despite being in the works for months prior to the onset of the pandemic, the LME’s program of reporting warehouse inventory in “near storage” — meaning in LME warehouses but not on warrant — could hardly have been more timely as a fierce, if temporary, recessionary situation hit metals markets this year.
