U.S. steel imports picked up in July, the U.S. Census Bureau reported in its monthly steel import data release today. U.S. imports of steel reached an estimated 2.4 million metric tons in July, nearly doubling the 1.3 million metric tons imported the previous month. Are you prepared for your annual steel contract negotiations? Be sure […]
Tag: steel price
World Steel Association: Global steel output drops 2.5% in July
Despite China’s ramping up of its steel output, global steel output declined in July 2020. According to the most recent reporting from the World Steel Association, global crude steel production fell 2.5% in July on a year over year basis. Production for the month totaled 152.7 million metric tons, according to the World Steel Association. […]
Week in Review: MMI Week; housing starts; price support for zinc, copper, lead
This week, we wrapped up our Monthly Metals Index (MMI) series for the month, including coverage of the renewables sector, stainless steel surcharges and steel demand in China. Furthermore, MetalMiner’s Stuart Burns delved into supply-side impacts on lead, copper and zinc. In other economic indicators, U.S. housing starts surged in July — a bright spot […]
Revamped MetalMiner metals pages highlight track record, ‘should-cost’ prices
If you’ve visited MetalMiner recently, you might have noticed some changes to our aluminum, carbon steel and stainless steel price landing pages. The pages can be found from the homepage’s top menu under “Metal Prices.” As of this month, visitors to these pages can now find a modified, interactive price chart modeling the LME three-month […]
This Morning in Metals: U.S. steel capacity utilization rises to 61.5%
This morning in metals news: the U.S. steel sector’s capacity utilization gained once again last month; iron ore futures made gains; and Tokyo Steel Manufacturing Co is keeping its prices steady. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? U.S. steel capacity rises to 61.5% Continuing the recent theme, […]
Raw Steels MMI: Demand remains strong in China, lagging elsewhere
The Raw Steels Monthly Metals Index (MMI) increased 1.5% for this month’s MMI value. Learn when you should use a steel scrap cap collar contract versus a finished price index. Chinese demand on the rise In the past few months, Chinese HRC and CRC prices have increased over 20%. Meanwhile, their U.S. counterparts have followed […]
Week in Review: Trump targets Canadian aluminum; copper flattens; silver surges
This past week’s metals news covered everything from silver price movements to the copper price rise’s slowdown to the reimposition of tariffs on some Canadian aluminum. We also broke down President Donald Trump’s recent proclamation with respect to reimposing the Section 232 tariff on some Canadian aluminum. MetalMiner’s Stuart Burns delved into the concern expressed […]
Iron ore price proving resilient despite slow global recovery
Seaborne iron ore prices have remained stubbornly high. Chinese demand and a stronger-than-expected Chinese recovery from the first-quarter lockdowns are driving prices. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Recovering demand Demand collapsed in Q1 during the lockdown but has recovered rapidly in Q2, originally for flat-rolled products […]
This Morning in Metals: U.S. steel capacity utilization reaches 60.4%
This morning in metals news: The U.S. steel sector posted another incremental increase in capacity utilization. Meanwhile, the Aluminum Association applauded a Department of Commerce decision regarding subsidies of imported aluminum sheet. Lastly, Alcoa criticized the Trump administration’s decision to reimpose the Section 232 aluminum tariff on imports from Canada. Steel sector capacity utilization rises […]
First, Canadian aluminum … could U.S. target steel next for tariffs?
Following President Donald Trump’s reimposition of 10% import tariffs on Canadian aluminum, the U.S.’s northern neighbor is now sweating the possible reimposition of steel tariffs. The U.S. imposed the Section 232 tariffs in 2018. Eventually, the U.S. lifted them following the successful agreement of the United States-Mexico-Canada Agreement (USMCA). “I hear that they’re going to […]
