Steel
India

Zerophoto/Adobe Stock

Moody’s Investors Service forecast a 10% decline in Indian steel consumption for fiscal year 2021, the Economic Times reported.

Nonetheless, Indian steel companies are upbeat, with some chief executives seeing the first green shoots of recovery. (For additional news and analysis of trends in steel and other metals markets, sign up for MetalMiner’s Gunpowder e-newsletter.)

Read more

The U.S. steel sector’s steel capacity utilization rate has continued to inch upward in recent months, rising to 59.3% for the week ending Aug. 1.

Read more

iron ore

nikitos77/Adobe Stock

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.

Read more

Canada

Zerophoto/Adobe Stock

This morning in metals news: the Aluminum Association of Canada reported the country’s aluminum exports to the U.S. have declined; Great Lakes region steel production is down this year; and the International Tin Association commented on Yunnan province’s tin stockpiling initiative.

Read more

This has been a volatile year for global markets, with already slowing economic growth compounded by the destructive impact of the coronavirus pandemic.

Read more

The U.S. steel sector has slowly but surely been showing some signs of recovery.

Read more

gold price rising

Are gold prices really going to keep rising? Source: Adobe Stock/Nikonomad.

This morning in metals news: the gold price has surged to an all-time high; China is eyeing changes to its steep capacity swap rules; and Northern Dynasty Minerals has received an environmental impact study for its Pebble copper-gold-molybdenum project in Alaska.

Read more

A recent Reuters article looked at the seaborne iron ore market and suggests robust demand from China is offsetting weak demand from the rest of Asia and Europe, leaving a largely balanced global seaborne market.

Read more

steel imports

nattanan726/Adobe Stock

This morning in metals news: U.S. steel imports fell in June; Freeport-McMoRan reported its Q2 and first-half results; and Norsk Hydro’s underlying EBIT for the second quarter gained compared with Q2 2019.

Read more

construction

ungvar/Adobe Stock

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner:

Read more