MetalMiner experts recently joined ROTH Capital Partners for a webinar that covered a wide range of metals topics, including oil prices, macroeconomic trends, and insights into the aluminum, steel and copper markets. The webinar, which took place July 14, followed up on a previous MetalMiner-Roth webinar on May 20, 10 days after metals surged to […]
Tag: Steel
This Morning in Metals: ArcelorMittal aims to make Sestao zero-carbon-emissions steel plant
This morning in metals news: ArcelorMittal said it plans to make its Sestao plant zero carbon emissions; meanwhile, the Producer Price Index for final demand increased by 1.0% in June; and, lastly, U.S. steel prices continue to rise. You want more MetalMiner on your terms. Sign up for weekly email updates here. ArcelorMittal announces aim […]
Questions arise over how much further China’s steel price rally can last
Shanghai steel futures extended gains to hit an eight-week high on Monday, according to a post on Nasdaq.com. Futures made further gains overnight, according to MetalMiner’s Insights platform. Rebar and hot rolled coil both hit peaks last seen on May 19, when the market last spiked only to crash after dire warnings from Beijing about […]
Raw Steels MMI: Steel prices remain elevated in tight market
The Raw Steels Monthly Metals Index (MMI) rose by 6.6%, as U.S. steel prices continued their rally. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Production, capability utilization rise According to the World Steel Association, global crude steel production […]
Unlike the rest of the world, China’s steel market is surprisingly steady
China’s steelmaking raw materials and finished steel markets are in a real state of flux at the moment. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at the annual MetalMiner Forecasting Workshop on Aug. 25. Recovery and a new dynamic impacting steel prices On the one […]
Russia’s metal export duty a ‘broadside shot’
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 […]
EU extends steel safeguards for three more years
In an anticipated move, the European Union has published its decision to extend its steel safeguards for three more years. EU members voted on the extension June 18 and it published the implementing regulation June 28. The safeguards will extend from July 1, 2021, to June 30, 2024. “The initial safeguard measure was introduced in […]
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 […]