Crude steel production at Evraz’s North American assets dropped 15.1% year over year in 2020. The drop was due mainly to the COVID-19 pandemic’s impact on the global economy, the Russian group noted. Evraz output in North America drops Production for the 12 months totaled 1.58 million metric tons from slightly over 1.86 million tons […]
Tag: steel production
This Morning in Metals: February 2021 Monthly Metal Outlook is out
This morning in metals news: the February 2021 MetalMiner Monthly Metal Outlook (MMO) report is out; the US steel sector’s capacity utilization rate reached 76.1%; and US industrial production rose in December. February 2021 Monthly Metal Outlook report available The February 20201 MetalMiner Monthly Metal Outlook (MMO) is now available. Readers will find news, analysis […]
This Morning in Metals: U.S. steel capacity utilization hits 76.7%
This morning in metals news: the U.S. steel sector’s capacity utilization rate hit 76.7% last week; the London Metal Exchange has proposed permanently closing its iconic Ring trading floor; and the copper price has trended flat over the past week. Steel capacity utilization reaches 76.7% The U.S. steel sector’s capacity utilization rate hit 76.7% for […]
Nippon Steel looks to increase production capacity overseas
Keeping future demands in mind, Nippon Steel Corp. has decided to focus more on markets like the United States and India. At the same time, it is reducing focus on Japan for the medium term. The aim, according to a top-level executive of the Japanese steel company, is to capitalize on overseas profit which. At […]
This Morning in Metals: Steel capacity utilization rises to 71.4%
This morning in metals news: the U.S.’s steel capacity utilization rate reached 71.4% for the week ended Nov. 14; a survey by INVERTO took a look at procurement trends during the COVID-19 pandemic; and steel prices continue to rise. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Capacity utilization […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 71.1%
This morning in metals news: the U.S. steel sector’s capacity utilization rate rose to 71.1% last week; WTI crude oil has bounced back up over the last week; and Arconic recently released its Q3 financial results. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the […]
U.S. steel sector’s capacity utilization rate rises to 69.7%
Continuing the theme of the last few months, the U.S. steel sector continued to make gains in capacity utilization last week. We know there are many popular steel contracting indices. But you shouldn’t use them all the time — sometimes they can favor the seller over the buyer. See why! Steel capacity utilization rises to […]
Western European steelmakers expect improved 2021 but remain cautious
West European steelmakers are likely to see improvements in production and demand for their rolled products in 2021, following the adverse economic effects due to COVID-19 in 2020, industry watchers predicted. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? Better 2021 for […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 67.9%
This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
Despite pandemic’s impact on production, Indian steel exports rise
India’s steel production contracted since the arrival of COVID-19. However, exports surprisingly notched a new high in the April-July 2020 period. Steels exports more than doubled in these months to hit their highest level in six years, reported news agency Reuters. Are you prepared for your annual steel contract negotiations? Be sure to check out […]
