Russia’s plan to introduce from Aug. 1 a temporary export duty on metal exports has brought varied reactions from European industry watchers and market participants. “It’s about showing the strength of the Russian metals industry,” one analyst told MetalMiner. Russia’s planned tariff may also be a retaliatory measure against Europe and its proposed carbon tax […]
Tag: steel price
The utilization rate of steel capacity in the United States has reached 82.7%
U.S. steel capacity utilization reached 82.7% for the week ending June 26, the American Iron and Steel Institute reported Monday. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Steel capacity utilization takes small step back However, U.S. steel […]
US steel imports dip in May, paced by drop in blooms, billets and slabs
U.S. steel imports fell to 2.3 million metric tons in May, the Census Bureau reported. The May import total marked a slight dip from the 2.4 million metric tons imported in April. Do you know the five best practices of sourcing metals, including steel? Steel imports decline in May U.S. steel imports fell to 2.3 […]
The steel market in both the United States and Europe continues to experience supply constraints
The steel market is running two diverging narratives. In the U.S., the market remains extremely tight. Mill lead times are out to the end of this year. Furthermore, prices are set to stay high into 2022. The situation is not dissimilar in Europe. In Europe, the steel market is seeing a similar post-pandemic bounceback, supply […]
Raw Steels MMI: Chinese steel prices correct, US prices continue to rise
The Raw Steels Monthly Metals Index (MMI) rose by 0.8% as U.S. steel prices continued to pick up but Chinese prices corrected. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Chinese steel prices drop Since April 2020, Chinese […]
As China targets 2030 for peak coal use, aluminum output could also peak
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak […]
Construction MMI: Architecture Billings Index rises for third straight month
The Construction Monthly Metals Index (MMI) held flat for this month’s reading. With volatile steel markets, knowing which strategy to execute and when can make all the difference between saving and losing money. See how MetalMiner looks at different market scenarios. US construction spending ticks up in April U.S. construction spending reached a seasonally adjusted […]
This Morning in Metals: Job openings hit record high 9.3 million in April
This morning in metals news: as the U.S. economy reopened, job openings hit a record high in April; meanwhile, steel prices continue to rise; and, lastly, emissions from the electric power sector have declined as it has shifted from coal to natural gas. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
European hot rolled coil prices show no sign of slowing, some end-users complain of shortages
Hot rolled coil prices in Western Europe have not slowed their upward trek over the past month. Demand continues to outstrip supply for the flat-rolled product, industry watchers said June 1. “It has everything to do with high demand in Europe and the United States,” one trader told MetalMiner. The MetalMiner Best Practice Library offers […]
Global crude steel output in April dips from previous month but up 23.3% year over year
Global crude steel production dipped to 169.5 million metric tons in April, down slightly from the previous month, the World Steel Association reported this month. Production in March had reached 170.1 million metric tons. Meanwhile, April output increased 23.3% year over year, up from 137.5 million metric tons in April 2020. Each month, MetalMiner hosts […]
