U.S. steel production for the week ending Feb. 1, 2020, reached 1.91 million tons, up 1.9% from production during the same week in 2019, according to weekly data released by the American Iron and Steel Institute (AISI). Production for the week ending Feb. 1, 2020, came in at a capacity utilization rate of 82.1%. Better […]
Tag: steel price
European steel consumption slumps as manufacturing activity slows
One of the repercussions of slowing growth is a decline in European steel consumption. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly metal buying outlook According to the European Steel Association (EUROFER), E.U. apparent steel consumption fell 3.1% on a year-over-year basis in the third quarter of 2019.
Week in Review: Aluminum prices; Trump signs USMCA; Brexit hour is near
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: aluminum production and prices; Trump’s tariffs on aluminum and steel derivatives; the coronavirus’ potential impact on iron ore; General Motors’ electrification drive; and the arrival of Brexit. […]
This Morning in Metals: U.S. Steel releases Q4, full-year 2019 results
This morning in metals news, U.S. Steel’s latest financial release reflects a difficult 2019, Brexit is near and copper continues its slide. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. U.S. Steel reports Q4, full-year 2019 financials U.S. Steel posted net losses of […]
Following Senate approval, Trump signs USMCA Implementation Act
As expected, U.S. President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) Implementation Act on Wednesday, moving the trilateral trade deal a step closer toward replacing the 1994 North American Free Trade Agreement (NAFTA). “And today, we’re finally ending the NAFTA nightmare and signing into law the brand-new U.S.-Mexico-Canada Agreement,” Trump said during the signing […]
This Morning in Metals: U.S. real GDP rises 2.1% in Q4 2019
This morning in metals news, the Bureau of Economic Analysis (BEA) released U.S. real GDP growth figures for Q4 2019, Moody’s says the coronavirus will impact spending in China and Nucor Corporation reported its Q4 2019 and full-year 2019 financial results. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
U.S., India to resolve hot-rolled carbon steel dispute
2020 may turn out to be a watershed year in Indo-U.S. relations. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Several announcements and developments on the bilateral trade front, plus a proposed visit by U.S. President Donald Trump in February, seem to indicate that might be […]
This Morning in Metals: U.S. international trade deficit hits $68.3B in December
This morning in metals news: the U.S. international trade deficit in goods increased in December compared with the previous month; U.S. steel prices have continued to increase; and imports of reinforcing bars from Turkey and Algeria skyrocketed in late 2019, according to Steel Import Monitoring and Analysis (SIMA) data. Looking for metal price forecasting and […]
Coronavirus likely to impact steel, iron ore demand in 2020
Another victim of China’s coronavirus epidemic could well be the iron ore price. Iron ore had a stellar 2019, reaching a five-year high of $125 per ton in July on the back of Vale SA’s Brumadinho mining dam disaster and Cyclone Veronica, which struck Western Australia in March. Looking for metal price forecasting and data […]
This Morning in Metals: New orders for manufactured durable goods up 2.4% in December
This morning in metals news, new orders for manufactured durable goods increased in December, Lake Michigan steel mills have struggled with a variety of operational challenges and the Chinese government has continued efforts to curb the spread of the coronavirus. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner […]
