This Morning in Metals: Chinese steelmakers Ansteel, Ben Gang to merge

This morning in metals news: two Chinese steelmakers are merging to form the world’s third-largest steelmaker; the LME aluminum price lost some ground last week; and, lastly, July construction employment continued to lag in the U.S. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of…

The post This Morning in Metals: Chinese steelmakers Ansteel, Ben Gang to merge appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: two Chinese steelmakers are merging to form the world’s third-largest steelmaker; the LME aluminum price lost some ground last week; and, lastly, July construction employment continued to lag in the U.S. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of...

The post This Morning in Metals: Chinese steelmakers Ansteel, Ben Gang to merge appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Steel prices in China looking more vulnerable in the face of falling input costs

Unusually, the global steel market is diverging in the opposite direction from “normal.” Historically, China would show signs of strength driven by robust construction activity while Europe and the U.S. struggled, facing more mature markets and relatively higher levels of foreign penetration. The U.S. continues to power ahead. There, mill lead times remain stubbornly protracted….

The post Steel prices in China looking more vulnerable in the face of falling input costs appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Unusually, the global steel market is diverging in the opposite direction from “normal.” Historically, China would show signs of strength driven by robust construction activity while Europe and the U.S. struggled, facing more mature markets and relatively higher levels of foreign penetration. The U.S. continues to power ahead. There, mill lead times remain stubbornly protracted....

The post Steel prices in China looking more vulnerable in the face of falling input costs appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Week in Review: Natural gas prices soar; China steel reduction; Aluminum prices

Before we head into the weekend, let’s take a look back at the news that was and some of the metals storylines here on MetalMiner: Soaring natural gas prices and inflation; China’s aims to further reduce steel output; Aluminum prices near a decade high, according to our Monthly Metals Index coverage. Look for the Copper…

The post Week in Review: Natural gas prices soar; China steel reduction; Aluminum prices 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 news that was and some of the metals storylines here on MetalMiner: Soaring natural gas prices and inflation; China’s aims to further reduce steel output; Aluminum prices near a decade high, according to our Monthly Metals Index coverage. Look for the Copper...

The post Week in Review: Natural gas prices soar; China steel reduction; Aluminum prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

China’s steel industry facing increasing environmental constraints

Many areas, industries (including the China steel sector) and, indeed, societies are under threat from pollution. In many emerging markets, economic growth has come at the stark price of appalling levels of pollution. But the Financial Times suggested that in China, home of the largest steel and aluminum industries in the world by far, steel…

The post China’s steel industry facing increasing environmental constraints appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Many areas, industries (including the China steel sector) and, indeed, societies are under threat from pollution. In many emerging markets, economic growth has come at the stark price of appalling levels of pollution. But the Financial Times suggested that in China, home of the largest steel and aluminum industries in the world by far, steel...

The post China’s steel industry facing increasing environmental constraints appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

China’s steel output set to top a billion tons this year

If we were worried about China’s dominance of global steel output over the last decade, the next decade is looking like it may be even worse. Having bounced back robustly this year from severe coronavirus lockdowns in Q1, China is on track to top 1 billion tons of steel production by the end of 2020,…

The post China’s steel output set to top a billion tons this year appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

If we were worried about China’s dominance of global steel output over the last decade, the next decade is looking like it may be even worse. Having bounced back robustly this year from severe coronavirus lockdowns in Q1, China is on track to top 1 billion tons of steel production by the end of 2020,...

The post China’s steel output set to top a billion tons this year appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff

This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these…

The post This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: the United States Trade Representative announced it would remove the 10% tariff on some Canadian aluminum products; China’s steel producers foresee growing demand throughout the remainder of the year; and iron ore prices are surging. Are you under pressure to generate aluminum cost savings? Make sure you are following these...

The post This Morning in Metals: USTR rescinds recently reimposed Canadian aluminum tariff appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.