The Raw Steels Monthly Metals Index (MMI) ticked up 2.0% for this month’s index reading, as the pace of steel price rises has started to slow. The MetalMiner team will be presenting a commodity forecast for copper, aluminum, stainless and carbon steel on Wednesday, March 24, at 10 a.m. CDT: https://zoom.us/webinar/register/WN_6J8wAyYySfihVk3ZUH9yMA. Steel price gains appear to […]
Tag: Nucor
This Morning in Metals: Nucor to build new tube mill in Midwest
This morning in metals news: Nucor announced plans to build a new tube mill in the Midwest; meanwhile, the Bureau of Labor Statistics released the Consumer Price Index summary for February; and the oil price pulled back slightly this week. Don’t miss the MetalMiner analyst team on Wednesday, March 24, at 10 a.m. CDT for […]
Nucor forecasts Q1 2021 net earnings to best 2008 record
While the first half of 2020 posed significant challenges for metals manufacturers and end users alike, some firms have showed signs of recovery in the ensuing months and into 2021. In the second quarter, steel demand suffered. Automotive manufacturers idled production in North America for a period of about two months last year, beginning in […]
This Morning in Metals: Nucor signs renewable power purchase agreement
This morning in metals news: Nucor Corporation has signed a power purchase agreement with EDF Renewables North America; the Pilbara Ports Authority reported an 11% year-over-year increase in throughput in October; and, lastly, Minnesota’s mining rules are getting another look. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a […]
This Morning in Metals: Nucor starts work on Kentucky steel plate plant
This morning in metals news: Nucor began work Friday on its new Kentucky steel plate plant; several members of Congress wrote to Secretary of Commerce Wilbur Ross asking the Trump administration not to impose Section 232 tariffs on electrical steel; and BHP released its quarterly operational review. The MetalMiner 2021 Annual Outlook consolidates our 12-month […]
This Morning in Metals: Nucor Corporation reports Q3 2020 financial results
This morning in metals news: Nucor Corporation released its Q3 2020 financials; Cleveland-Cliffs also unveiled its Q3 2020 results; and battery-storage costs in the U.S. dropped significantly from 2015-2018. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Nucor Corporation reports Q3 financials Nucor Corporation released its Q3 2020 financial […]
This Morning in Metals: U.S. industrial production rises 0.4% in August
This morning in metals news: U.S. industrial production picked up in August; Nucor recently released its third-quarter guidance; and the Energy Information Administration broke down the impact of OPEC+’s output reductions. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates. U.S. industrial production up 0.4% U.S. industrial production rose 0.4% […]
This Morning in Metals: U.S.’s July 2020 steel shipments down 25.6%
This morning in metals news: July steel shipments fell by 25.6%; Nucor announced its 190th consecutive quarterly dividend; and the Energy Information Administration released its September Short-Term Energy Outlook. We’re offering timely emails with exclusive analyst commentary and best practice advice – and you choose how often you receive it. Sign up today. July 2020 […]
This Morning in Metals: Nucor to open Frostproof steel plant by end of year
This morning in metals news: steelmaker Nucor will open a new steel plant in Florida by the end of this year; U.S. gasoline prices are low heading into the Labor Day weekend; and Chinese demand continues to power high iron ore prices. 5 Mistakes Buyers Can Make When Sourcing Steel Nucor to open steel plant […]
This Morning in Metals: U.S. Steel reports Q2 net loss of $589M
This morning in metals news: U.S. Steel released its second-quarter earnings results; Nucor Corporation also reported its own financial earnings; and the Federal Reserve opted to maintain its federal funds rate.
