Week in Review: Steel prices; US electricity consumption; rising aluminum premiums

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity…

The post Week in Review: Steel prices; US electricity consumption; rising aluminum premiums appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of steel prices, US electricity consumption and much more: Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Week of April 12-16 (steel prices, electricity...

The post Week in Review: Steel prices; US electricity consumption; rising aluminum premiums appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Aluminum MMI: Buyers see tight supply, rising physical delivery premiums

The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are…

The post Aluminum MMI: Buyers see tight supply, rising physical delivery premiums appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are...

The post Aluminum MMI: Buyers see tight supply, rising physical delivery premiums appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Rising aluminum physical delivery premiums — feature of a tight market

In a recent webinar MetalMiner ran for key clients, we posed a question regarding the recent rise of aluminum physical delivery premiums: what was behind rises and would they last? Physical delivery premiums are a significant cost to consumers. It can be a cost that is hard to hedge except for large consumers with access…

The post Rising aluminum physical delivery premiums — feature of a tight market appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

In a recent webinar MetalMiner ran for key clients, we posed a question regarding the recent rise of aluminum physical delivery premiums: what was behind rises and would they last? Physical delivery premiums are a significant cost to consumers. It can be a cost that is hard to hedge except for large consumers with access...

The post Rising aluminum physical delivery premiums — feature of a tight market appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: US energy consumption down 7% in 2020

This morning in metals news: US energy consumption fell by 7% in 2020; the United Steelworkers union commented on the details of President Joe Biden’s American Jobs Plan; and the aluminum price retraced last week. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. US energy…

The post This Morning in Metals: US energy consumption down 7% in 2020 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: US energy consumption fell by 7% in 2020; the United Steelworkers union commented on the details of President Joe Biden’s American Jobs Plan; and the aluminum price retraced last week. Want an occasional email from MetalMiner that highlights new content with NO sales ploys? Join that list here. US energy...

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Metals industry groups react to details of Biden’s American Jobs Plan

President Joe Biden released details of the so-called American Jobs Plan, which among its stated goals aims to modernize infrastructure, revitalize manufacturing and create what it says will be “millions” of jobs. The proposal will include an investment of approximately $2 trillion over the next 15 years, the White House said Wednesday. The MetalMiner Best…

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President Joe Biden released details of the so-called American Jobs Plan, which among its stated goals aims to modernize infrastructure, revitalize manufacturing and create what it says will be “millions” of jobs. The proposal will include an investment of approximately $2 trillion over the next 15 years, the White House said Wednesday. The MetalMiner Best...

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Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’

Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization…

The post Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Three years have passed since former President Donald Trump imposed Section 232 tariffs on steel and aluminum. The administration cited national security concerns when imposing the tariffs. In addition, it aimed to raise capacity utilization of the US steel and aluminum sectors. (For the week ending March 20, US mills reached a steel capacity utilization...

The post Economic Policy Institute: Section 232 tariffs delivered ‘near-immediate benefits’ appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Rising Midwest Premium reflects aluminum market tightness

The aluminum market is undeniably tight, as consumers are having to wait months for metal and the Midwest Premium rises. In some locations — Europe, in particular —  consumers of rolled plate cannot secure new production space until well into Q3. Some mills have even pulled out of quoting for new business customers in 2021….

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The aluminum market is undeniably tight, as consumers are having to wait months for metal and the Midwest Premium rises. In some locations — Europe, in particular —  consumers of rolled plate cannot secure new production space until well into Q3. Some mills have even pulled out of quoting for new business customers in 2021....

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This Morning in Metals: ArcelorMittal launches XCarb™ low-carbon initiatives

This morning in metals news: ArcelorMittal announced a series of low-carbon initiatives; meanwhile, US import prices increased in February; and, lastly, the aluminum price has picked up this week. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report.  ArcelorMittal unveils XCarb™ low-carbon…

The post This Morning in Metals: ArcelorMittal launches XCarb™ low-carbon initiatives appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: ArcelorMittal announced a series of low-carbon initiatives; meanwhile, US import prices increased in February; and, lastly, the aluminum price has picked up this week. Are you on the hook for communicating the company’s steel performance to the executive team? See what should be in that report.  ArcelorMittal unveils XCarb™ low-carbon...

The post This Morning in Metals: ArcelorMittal launches XCarb™ low-carbon initiatives appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

International Aluminum Institute outlines three ‘pathways’ for aluminum sector to reduce emissions

The International Aluminum Institute published a report outlining how the aluminum industry can reduce its emissions. Manufacturers of metals are increasingly under pressure to modernize their production processes and make them “greener.” In recent coverage, MetalMiner’s Stuart Burns has touched on China’s latest Five-Year Plan and its environmental implications for the country’s massive steel and…

The post International Aluminum Institute outlines three ‘pathways’ for aluminum sector to reduce emissions appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The International Aluminum Institute published a report outlining how the aluminum industry can reduce its emissions. Manufacturers of metals are increasingly under pressure to modernize their production processes and make them “greener.” In recent coverage, MetalMiner’s Stuart Burns has touched on China’s latest Five-Year Plan and its environmental implications for the country’s massive steel and...

The post International Aluminum Institute outlines three ‘pathways’ for aluminum sector to reduce emissions appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

US confirms anti-dumping aluminum tariffs on key suppliers

Despite howls of protest from consumers, the Biden administration has doubled down on the Trump administration’s trade barriers with its latest move on aluminum tariffs. The administration recently slapped semi-finished flat rolled aluminium anti-dumping duties on 18 countries supplying the US market. Don’t miss the MetalMiner analyst team on March 24 at 10 a.m. CDT…

The post US confirms anti-dumping aluminum tariffs on key suppliers appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Despite howls of protest from consumers, the Biden administration has doubled down on the Trump administration’s trade barriers with its latest move on aluminum tariffs. The administration recently slapped semi-finished flat rolled aluminium anti-dumping duties on 18 countries supplying the US market. Don’t miss the MetalMiner analyst team on March 24 at 10 a.m. CDT...

The post US confirms anti-dumping aluminum tariffs on key suppliers appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.