Automakers see 2022 steel price contract negotiations looking brutal

Just over a year ago, MetalMiner commented on the acquisition of most of ArcelorMittal USA’s assets by Cleveland-Cliffs (including potential impacts on steel prices). At the time, the MetalMiner analyst team suggested, “The deal strengthens the company’s position in the automotive sector. The company likely controls 60%-65% of exposed auto sheet supply (think steel used…

The post Automakers see 2022 steel price contract negotiations looking brutal appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Just over a year ago, MetalMiner commented on the acquisition of most of ArcelorMittal USA’s assets by Cleveland-Cliffs (including potential impacts on steel prices). At the time, the MetalMiner analyst team suggested, “The deal strengthens the company’s position in the automotive sector. The company likely controls 60%-65% of exposed auto sheet supply (think steel used...

The post Automakers see 2022 steel price contract negotiations looking brutal appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The real story behind U.S. Steel’s Mon Valley project cancelation

Most of the mainstream press’ coverage of U.S. Steel’s giant Mon Valley plant upgrade project cancelation focuses on several issues, from permitting delays to U.S. Steel stating that a competing steelmaker plans to build a facility in another state. The project, an anticipated $1.5 billion investment across the Mon Valley works sites, would have added…

The post The real story behind U.S. Steel’s Mon Valley project cancelation appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Most of the mainstream press’ coverage of U.S. Steel’s giant Mon Valley plant upgrade project cancelation focuses on several issues, from permitting delays to U.S. Steel stating that a competing steelmaker plans to build a facility in another state. The project, an anticipated $1.5 billion investment across the Mon Valley works sites, would have added...

The post The real story behind U.S. Steel’s Mon Valley project cancelation appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

‘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…

The post ‘A’ is for allocation steel markets appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

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...

The post ‘A’ is for allocation steel markets appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

GM Strike Could be a Boon to Steel Buyers

Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the…

The post GM Strike Could be a Boon to Steel Buyers appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the...

The post GM Strike Could be a Boon to Steel Buyers appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Copper MMI: How a Boeing Trade Case Could Cause Global Copper Prices to Skyrocket, Give Wieland Metals a Guaranteed Monopoly

A 15-year trade dispute between Airbus and Boeing could send copper prices skyrocketing, with an even greater impact on U.S. manufacturers than the Section 232 tariffs had on steel and aluminum. MetalMiner has long covered this current dispute between Airbus and Boeing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook…

The post Copper MMI: How a Boeing Trade Case Could Cause Global Copper Prices to Skyrocket, Give Wieland Metals a Guaranteed Monopoly appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

A 15-year trade dispute between Airbus and Boeing could send copper prices skyrocketing, with an even greater impact on U.S. manufacturers than the Section 232 tariffs had on steel and aluminum. MetalMiner has long covered this current dispute between Airbus and Boeing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook...

The post Copper MMI: How a Boeing Trade Case Could Cause Global Copper Prices to Skyrocket, Give Wieland Metals a Guaranteed Monopoly appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

How Niche Service Centers Punch Above Their Weight Class

Every once in a while, the collective MetalMiner team takes a field trip to a mill, OEM or service center, just to make sure our virtual world knowledge has some grounding in the real world. Our most recent trip took us to the industrial park that houses JDM Steel, a specialty flat-rolled carbon steel service center…

The post How Niche Service Centers Punch Above Their Weight Class appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Every once in a while, the collective MetalMiner team takes a field trip to a mill, OEM or service center, just to make sure our virtual world knowledge has some grounding in the real world. Our most recent trip took us to the industrial park that houses JDM Steel, a specialty flat-rolled carbon steel service center...

The post How Niche Service Centers Punch Above Their Weight Class appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Experts Fail to Quantify Impact of Section 232 Steel, Aluminum Tariffs

If you ask 100 procurement professionals whether or not the Section 232 steel and aluminum tariffs have helped or harmed them, 100% will say the tariffs harmed them. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After fielding hundreds of calls from metal-buying organizations this past year, we here at…

The post Experts Fail to Quantify Impact of Section 232 Steel, Aluminum Tariffs appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

If you ask 100 procurement professionals whether or not the Section 232 steel and aluminum tariffs have helped or harmed them, 100% will say the tariffs harmed them. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After fielding hundreds of calls from metal-buying organizations this past year, we here at...

The post Experts Fail to Quantify Impact of Section 232 Steel, Aluminum Tariffs appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Talking Tariffs, Part 3: Are Tariffs ‘Bad’ for the Economy?

[Editor’s note: This is the third and final part of our series on tariffs. In case you missed them, read Part 1 and Part 2.] — 2002 Bush Section 201 Steel Tariffs All of this background analysis brings us to the heart of the current debate: are the tariffs “bad” for the economy and manufacturing?…

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[Editor’s note: This is the third and final part of our series on tariffs. In case you missed them, read Part 1 and Part 2.] — 2002 Bush Section 201 Steel Tariffs All of this background analysis brings us to the heart of the current debate: are the tariffs “bad” for the economy and manufacturing?...

The post Talking Tariffs, Part 3: Are Tariffs ‘Bad’ for the Economy? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Talking Tariffs, Part 2: Section 232 History Since 1962

[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The…

The post Talking Tariffs, Part 2: Section 232 History Since 1962 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

[Editor’s Note: This is the second part of our three-part series on how tariff impacts — positive or negative — are perceived, the history of Section 232, and China’s role in the global steel marketplace (and how that has affected the U.S.). In case you missed it, Part 1 can be read here.] — The...

The post Talking Tariffs, Part 2: Section 232 History Since 1962 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Talking Tariffs, Part 1: Tariff Impact Studies Rely Upon Questionable Assumptions

[Editor’s Note: This is the first part of a three-part series that will analyze the state of mainstream perspectives of the impact of tariffs, as well as delve further into the history of Section 232 and China’s role in the current trade dialogue.] — Consultants internally often pose a question to one another – do…

The post Talking Tariffs, Part 1: Tariff Impact Studies Rely Upon Questionable Assumptions appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

[Editor’s Note: This is the first part of a three-part series that will analyze the state of mainstream perspectives of the impact of tariffs, as well as delve further into the history of Section 232 and China’s role in the current trade dialogue.] — Consultants internally often pose a question to one another – do...

The post Talking Tariffs, Part 1: Tariff Impact Studies Rely Upon Questionable Assumptions appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.