The Raw Steels Monthly Metals Index (MMI) held flat this month.
Tag: Steel
This Morning in Metals: U.S. steel shipments drop 6.3% in March
This morning in metals news, U.S. steel shipments fell in March, Chinese stainless steel futures surged to a nine-month high and BHP made its first yuan-denominated sale of iron ore to China’s Baosteel.
ArcelorMittal reports Q1 net loss of $1.1B, suspends dividend payments
Steelmaker ArcelorMittal late last week released its Q1 2020 financial results, reporting a net loss of $1.1 billion amid challenges stemming from the COVID-19 crisis.
Construction MMI: Construction spending rises 0.9%; housing starts fall 22%
The Construction Monthly Metals Index (MMI) held flat this month.
This Morning in Metals: Steel capacity utilization rate falls to 51.1% last week
This morning in metals news, the U.S. steel sector’s capacity utilization rate fell to 51.1% for the week ending May 2, Cleveland-Cliffs’ AK Steel Dearborn Works will be shuttered, and the U.S. Department of Commerce will self-initiate a Section 232 investigation of imports of laminations and wound cores for incorporation into transformers, electrical transformers, and […]
Week in Review: Copper production; China’s road to recovery; quarterly output updates
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper production; aluminum tariff exclusion reform; the nickel market; global steel production; and much more.
This Morning in Metals: Century Aluminum reports Q1 net loss of $2.7M
This morning in metals news, Century Aluminum reported its Q1 financial results, U.S. Steel will lay off workers at its Mon Valley Works and Chinese copper stocks plunged. Request a 30-minute demo of the MetalMiner Insights platform now.
U.S. steel imports jump 16% in March; oil country goods see import surge
U.S. imports of steel jumped in March from the previous month, hitting a preliminary total of 1.6 million metric tons compared with February’s 1.4 million metric tons, according to the Census Bureau. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
India turns net steel exporter in March
Provisional data for fiscal year 2020 from the Government of India show India became a net exporter of steel with an increase of 31.4% in March 2020. A CNBC report claimed India’s steel consumption had touched the psychological barrier of 100 million tons (MT) this fiscal year. Looking for metal price forecasting and data analysis […]
Steel industry goes cap in hand for government bailout
Every industry claims to be a special case; in times as dire as these, the clamor of claims all but drowns out sensible debate.