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? […]
Tag: Steel
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 […]
This Morning in Metals: China picks up steel buying from India
This morning in metals news: China’s steel purchases from neighbor India have jumped this year; Japan’s Nippon Steel is wary of China’s steel dominance; and the U.S. trade deficit in goods increased in July. You want more MetalMiner on your terms. Choose how often you hear from us – weekly, monthly, or quarterly – by […]
U.S. steel imports surge in July, powered by surge from blooms, billets and slabs
U.S. steel imports picked up in July, the U.S. Census Bureau reported in its monthly steel import data release today. U.S. imports of steel reached an estimated 2.4 million metric tons in July, nearly doubling the 1.3 million metric tons imported the previous month. Are you prepared for your annual steel contract negotiations? Be sure […]
World Steel Association: Global steel output drops 2.5% in July
Despite China’s ramping up of its steel output, global steel output declined in July 2020. According to the most recent reporting from the World Steel Association, global crude steel production fell 2.5% in July on a year over year basis. Production for the month totaled 152.7 million metric tons, according to the World Steel Association. […]
This Morning in Metals: U.S. steel capacity utilization rises to 61.5%
This morning in metals news: the U.S. steel sector’s capacity utilization gained once again last month; iron ore futures made gains; and Tokyo Steel Manufacturing Co is keeping its prices steady. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? U.S. steel capacity rises to 61.5% Continuing the recent theme, […]