This morning in metals news, Novelis officially closed on its acquisition of Aleris, U.S. steel production is down 4.9% this year and China’s March copper imports picked up 13%. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Tag: Steel
Raw Steels MMI: Steel feels the heat as coronavirus outbreak intensifies in U.S.
The Raw Steels Monthly Metals Index (MMI) fell 7.2% this month, as steel prices in the basket were down across the board. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Week in Review: Oil recovery awaits OPEC deal; construction spending up 6%; aluminum stocks remain elevated
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: oil prices; construction spending; automotive sales; precious metals; aluminum stocks; and much more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
This Morning in Metals: Oil producers reach tentative deal on output cuts … but Mexico holds out
This morning in metals news, oil producers on Thursday (including Saudi Arabia and Russia) reached a deal in principle to slash output, ArcelorMittal is laying off new hires and Chinese iron ore futures made gains to close the week.
This Morning in Metals: ArcelorMittal to lay off workers at East Chicago steel mill
This morning in metals news, layoffs are coming at ArcelorMittal’s Indiana Harbor steel mill, Japan’s steel output is forecast to plunge and Nevada Copper has suspended its Pumpkin Hollow operations. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Indian steel leaders slash output amid COVID-19 disruption
Like their international counterparts, Indian steel companies are under immense stress because of production and demand disruption in the wake of the COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! The Press Trust of India reported Tata Steel and Indian public sector Steel Authority […]
This Morning in Metals: Year-to-date U.S. steel production down 2.7%
This morning in metals news, U.S. steel production during the year to date is down 2.7%, a rise in demand for niche steel products could benefit Chinese steel mills and iron ore shipments from Australia’s Frances Creek mine are set to resume. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
This Morning in Metals: Vallourec furloughs one-third of U.S. workforce
This morning in metals news, Vallourec on Monday announced it would furlough one-third of its North American workforce, Portland’s Evraz is laying off 250 at its spiral pipe plant, and Cleveland-Cliffs is idling the AK Coal Resources Inc. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Global crude steel production rises 2.8% in February
Despite the coronavirus outbreak’s widespread humanitarian and economic impact, steel production continued to chug along in February. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! According to the World Steel Association, global crude steel production reached 143.3 million tons in February, up 2.8% compared with February […]
This Morning in Metals: U.S. steel capacity utilization rate hits 80.7%
This morning in metals news, the U.S. steel capacity utilization rate reached 80.7% for the year through March 28, steel industry workers in the Great Lakes region tested positive for the novel coronavirus (COVID-19) and copper clawed back some gains Tuesday. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]