How much should your metals buy cost? It’s a simple question that doesn’t always have a simple answer — or, at the very least, an answer that’s easy to get. MetalMiner’s “should-cost” models aim to cut through the confusion and give buyers concrete ideas of what the products they’re buying should be costing them. The […]
Tag: Steel
U.S. steel capacity utilization for week ending Sept. 19 dips to 64.5%
The steel capacity utilization rate in the U.S. for the week ending Sept. 19 fell to 64.5%. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. Steel capacity utilization rate for week ending Sept. 19 drops The steel capacity utilization rate for the week […]
This Morning in Metals: U.S. steel prices rise
This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you. Steel prices rise U.S. steel prices are on the rise, but […]
Raw Steels MMI: U.S. steel prices make gains, aided by auto sector
The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value. Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up […]
This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%
This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends? […]
U.S. steel sector capacity utilization rate rises two percentage points
After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior […]
This Morning in Metals: U.S. energy exports, imports nearly equal in May
This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want […]
The case for firmer steel scrap prices
Pandemic-related lockdowns constrained the global scrap market earlier this year. Consequently, operations were restricted or closed down. But even as containments have eased, the market has been slow to come back — resulting in rising prices for steel and base metal scrap over the summer. Stop obsessing about the actual forecasted steel price. It’s more […]
U.S. steel sector capacity utilization rate dips to 61.7% last week
After a long stretch of weekly increases, the U.S. steel sector’s capacity utilization rate fell last week. According to the American Iron and Steel Institute (AISI), U.S. steel mills produced at a capacity utilization rate of 61.7% for the week ending Aug. 29. The rate marked a decline from the 63.0% recorded for the week […]
This Morning in Metals: SHFE copper heads for fifth consecutive monthly rise
This morning in metals news: copper on the SHFE is headed for its fifth straight month of price increases; a Swedish joint venture is ramping up its efforts toward producing fossil-fuel-free steel; and Mexico is instituting a new export pre-approval process to avoid reimposition of steel tariffs by U.S. President Donald Trump. Do you know […]
