This morning in metals news: several industry groups urged President-elect Joe Biden to continue existing steel tariffs and quotas; Germany’s OGE and Thyssenkrupp and Norwegian energy company Equinor are collaborating to mitigate emissions; and Norsk Hydro and Nuvosil are working on aluminum and silicon recycling technology. Industry groups urge Biden to keep steel tariffs President […]
Tag: Steel
Turkey steel exports draw interest due to location, lower costs
While Turkey’s finished steel products enjoy local demand, lower costs and the country’s location between Europe and Asia have also made steel exports from there attractive, market watchers told MetalMiner. Turkey’s trade in steel exports came to 9.4 million mt in the first seven months of 2020. The total is down 12.1% year over year […]
Best of 2020: Top steel posts of the year
Continuing our look back at the best of 2020, today we’ll take one last review of the top steel posts of the year here on MetalMiner. As with metals as a whole, steel prices experienced a rocky 2020. The coronavirus pandemic slammed metals demand overall, including steel demand. The automotive industry idled production at the […]
Chinese steel scrap imports could be market mover in 2021
There has been quite a bit of analyst chatter about the likely impact of China’s return to the steel scrap market next year. In 2019, the authorities essentially banned steel scrap imports. The move came, in part, because many of the grades were classified as waste. However, of late the rumor is China will be […]
‘A’ is for allocation steel markets
Not so long ago on a fall night here in Chicago, I had the opportunity to meet up with a couple of folks from a steel producer. What they told me then sounded a little scary — they suggested the “A” word — but not nearly as scary as current market conditions suggest. In metals […]
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: Finished steel import market share 18% in November
This morning in metals news: the American Iron and Steel Association (AISI) reported on November import data, including the month’s finished steel import market share; China’s Baosteel is working on a new project; and Norsk Hydro has signed two MoUs for renewable power projects in Brazil. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter […]
Automotive MMI: Ford returns to monthly sales reporting
The Automotive Monthly Metals Index (MMI) gained 9.6% for this month’s index value, as U.S. auto sales continue to show resilience. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. U.S. auto sales General Motors switched from monthly to quarterly sales reporting in 2018; Ford followed suit […]
U.S. steel imports rise 27% in October
U.S. steel imports totaled 1.4 million metric tons in October, up from 1.1 million metric tons the previous month, the Census Bureau reported. Do you know the five best practices of sourcing metals including steel? U.S. steel imports pick up Although U.S. steel imports are down for the year, October imports picked up. U.S. steel […]
European steel review, Part 2: Interest in Central European steel sector from the East
Interest in the Central European steel sector came not only from the West, but also from further East. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Interest in Central European steel assets Ukrainian group Industrial Union of Donbass (ISD) acquired Hungarian integrated flats producer Dunaferr in 2004. The group […]