(Editor’s Note: This is the first of a two-part review of the European steel sector.) While steelmakers east of Berlin are working to meet rising demand, others are facing myriad technical and regulatory challenges. Those challenges include a global pandemic that has severely impacted economies, industry watchers and market participants told MetalMiner. Sign up today […]
Tag: Steel
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 […]
China’s steel trade is returning to form as import-export balance recalibrates
We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But […]
Raw Steel MMI: U.S. steel prices continue uptrend
The Raw Steels Monthly Metals Index (MMI) increased by 5.4% this month, as U.S. steel prices continued to rise last month. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report! U.S. and Chinese prices relation U.S. steel prices continued to increase in […]
This Morning in Metals: Nucor reaches deal to buy Arkansas paint line facility
This morning in metals news: Nucor Corporation has reached an agreement to acquire the Precoat Metals Corporation’s paint line facility in Armorel, Arkansas; Constellium recently released its Q3 financial results; and the U.S. HRC price continues to rise. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding […]
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 […]
U.S. steel imports dip over 8% from August to September
U.S. steel imports dipped 8.3% from August to September, according to U.S. Census Bureau data released Monday. Are you prepared for your annual steel contract negotiations? Be sure to check out our five best practices. U.S. steel imports in September In September 2020, the U.S. imported 1.1 million metric tons on steel products, down from […]
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: Global groups renew call to target steel overcapacity
This morning in metals news: global steel groups renewed calls for the Global Forum on Steel Excess Capacity to continue its work targeting steel overcapacity; Freeport-McMoRan released its Q3 financial results; and, finally, U.S. natural gas exports to Mexico have increased. Stop obsessing about the actual forecasted steel price. It’s more important to spot the […]
Indian domestic steel demand recovers to pre-pandemic levels
After a period of negative news following the COVID-19 pandemic, there’s finally some cheer for India’s steel industry, particularly related to Indian domestic steel demand. Domestic steel demand has bounced back to pre-COVID levels. Automotive and white goods sector demand have driven the steel demand recovery. Are you on the hook for communicating the company’s […]