As an example of how trade disputes often have little to do with trade, the announcement this week that the US and UK would sit down for talks to resolve the Trump era “trade dispute” over steel and aluminium tariffs serves as a case in point. Back in March 2018, when the former US president…
The post Section 232 negotiations between the US and the UK appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
As an example of how trade disputes often have little to do with trade, the announcement this week that the US and UK would sit down for talks to resolve the Trump era “trade dispute” over steel and aluminium tariffs serves as a case in point. Back in March 2018, when the former US president...
The post Section 232 negotiations between the US and the UK appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
Healthy construction demand and increased activity from the auto sector are likely to push up northern European prices for hot rolled coil in January and into February, following decreases from the previous month, sources stated. Mills are now transacting material at around €900-920 ($1,020-1,045) per metric ton exw, down from previous transactions €980-1,000 ($1,110-1,135) heard…
The post European steel prices at a crossroads appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
Healthy construction demand and increased activity from the auto sector are likely to push up northern European prices for hot rolled coil in January and into February, following decreases from the previous month, sources stated. Mills are now transacting material at around €900-920 ($1,020-1,045) per metric ton exw, down from previous transactions €980-1,000 ($1,110-1,135) heard...
The post European steel prices at a crossroads appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
The Raw Steels Monthly Metals Index (MMI) rose by 12.7% month over month to 121, as scrap prices made gains this past month. U.S. steel prices continue to retreat from their 2021 peaks. At the start of the year, hot rolled coil prices sat almost 18% be…
The Raw Steels Monthly Metals Index (MMI) rose by 12.7% month over month to 121, as scrap prices made gains this past month. U.S. steel prices continue to retreat from their 2021 peaks. At the start of the year, hot rolled coil prices sat almost 18% below the October high. US steelmakers invest in scrap...
The post Raw Steels MMI: As steel prices fall, steelmakers look to scrap appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
Nickel, traditionally largely consumed in the stainless steel industry, is enjoying strong support from its role as a lithium-ion battery enhancing metal. The use of nickel reduces the need for cobalt, significantly battery reducing costs. Not surprisingly car makers are scrambling to lock up supplies as Chinese battery firms get first to market investing in…
The post Environment driving BHP’s investments in nickel appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
Nickel, traditionally largely consumed in the stainless steel industry, is enjoying strong support from its role as a lithium-ion battery enhancing metal. The use of nickel reduces the need for cobalt, significantly battery reducing costs. Not surprisingly car makers are scrambling to lock up supplies as Chinese battery firms get first to market investing in...
The post Environment driving BHP’s investments in nickel appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
The Stainless Monthly Metals Index (MMI) rose by 1.8% month over month. Although nickel edged up slowly in price, it squeezed into a wedge that is susceptible to big time frame resistance. Prices continue to consolidate within an October-November 2021 …
The Stainless Monthly Metals Index (MMI) rose by 1.8% month over month. Although nickel edged up slowly in price, it squeezed into a wedge that is susceptible to big time frame resistance. Prices continue to consolidate within an October-November 2021 high-low price range. A continuation to the upside with more volume from the bulls could...
The post Stainless MMI: Tariff exclusion could lead to more capacity appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
The Construction Monthly Metals Index (MMI) rose by 3.3% for this month’s reading, as construction spending picked up in November. U.S. construction spending reached a seasonally adjusted annual rate of $1,625.9 billion in November, or up 0.4% from October, the Census Bureau reported. Furthermore, the November rate marked a 9.3% year-over-year increase. Meanwhile, through the…
The post Construction MMI: Construction spending gains, pace of ABI growth slows appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
The Construction Monthly Metals Index (MMI) rose by 3.3% for this month’s reading, as construction spending picked up in November. U.S. construction spending reached a seasonally adjusted annual rate of $1,625.9 billion in November, or up 0.4% from October, the Census Bureau reported. Furthermore, the November rate marked a 9.3% year-over-year increase. Meanwhile, through the...
The post Construction MMI: Construction spending gains, pace of ABI growth slows appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
This morning in metals news: U.S. steel prices have continued to decline; OPEC will continue its output increase schedule in February 2022; and, lastly, Alcoa at the end of last year announced plans to curtail production at its San Ciprián aluminum smelter in Spain. Does your company have a steel buying strategy based on current…
The post This Morning in Metals: U.S. steel prices continue to cool appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
This morning in metals news: U.S. steel prices have continued to decline; OPEC will continue its output increase schedule in February 2022; and, lastly, Alcoa at the end of last year announced plans to curtail production at its San Ciprián aluminum smelter in Spain. Does your company have a steel buying strategy based on current...
The post This Morning in Metals: U.S. steel prices continue to cool appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
India is trying to save some export bucks in the new year where specialty steel is concerned. In 2022, India plans to focus on increasing per capita steel consumption enhancing steel raw material security. All the metals intelligence you need in one user-friendly platform with unlimited usage — request a MetalMiner Insights platform demo. India…
The post India aims to move up steel value chain under specialty steel scheme appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
India is trying to save some export bucks in the new year where specialty steel is concerned. In 2022, India plans to focus on increasing per capita steel consumption enhancing steel raw material security. All the metals intelligence you need in one user-friendly platform with unlimited usage — request a MetalMiner Insights platform demo. India...
The post India aims to move up steel value chain under specialty steel scheme appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
This morning in metals news: MetalMiner’s January 2022 Monthly Metal Outlook (MMO) report is now available; steel capacity utilization for the week ending Jan. 1, 2022, fell to 80.6%; and, lastly, U.S. job openings declined in November. Request a 30-minute demo of the MetalMiner Insights platform now. January 2022 MMO report MetalMiner has kicked off…
The post This Morning in Metals: MetalMiner looks ahead in January 2022 MMO report appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
This morning in metals news: MetalMiner’s January 2022 Monthly Metal Outlook (MMO) report is now available; steel capacity utilization for the week ending Jan. 1, 2022, fell to 80.6%; and, lastly, U.S. job openings declined in November. Request a 30-minute demo of the MetalMiner Insights platform now. January 2022 MMO report MetalMiner has kicked off...
The post This Morning in Metals: MetalMiner looks ahead in January 2022 MMO report appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
This morning in metals news: nickel prices have consolidated in December; North American Stainless announced a reduction in its fuel surcharge; and, lastly, the Energy Information Administration reported U.S. liquefied natural gas exports reached a rec…
This morning in metals news: nickel prices have consolidated in December; North American Stainless announced a reduction in its fuel surcharge; and, lastly, the Energy Information Administration reported U.S. liquefied natural gas exports reached a record high in the first half of 2021. Are you under pressure to generate stainless steel cost savings? Make sure...
The post This Morning in Metals: Nickel prices consolidate; NAS reduces fuel surcharge; US LNG exports surged in H1 2021 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.
