This Morning in Metals: U.S. steel capacity utilization rate rises to 67.9%

This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding…

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This morning in metals news: the U.S. steel sector’s capacity utilization rate for the week ending Oct. 10 reached 67.9%; copper prices dropped Tuesday; and global liquid fuel outages increased in 2020, according to the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding...

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Despite pandemic’s impact on production, Indian steel exports rise

India’s steel production contracted since the arrival of COVID-19. However, exports surprisingly notched a new high in the April-July 2020 period. Steels exports more than doubled in these months to hit their highest level in six years, reported news agency Reuters. Are you prepared for your annual steel contract negotiations? Be sure to check out…

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India’s steel production contracted since the arrival of COVID-19. However, exports surprisingly notched a new high in the April-July 2020 period. Steels exports more than doubled in these months to hit their highest level in six years, reported news agency Reuters. Are you prepared for your annual steel contract negotiations? Be sure to check out...

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U.S. steel sector capacity utilization rate dips to 61.7% last week

After a long stretch of weekly increases, the U.S. steel sector’s capacity utilization rate fell last week. According to the American Iron and Steel Institute (AISI), U.S. steel mills produced at a capacity utilization rate of 61.7% for the week ending Aug. 29. The rate marked a decline from the 63.0% recorded for the week…

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After a long stretch of weekly increases, the U.S. steel sector’s capacity utilization rate fell last week. According to the American Iron and Steel Institute (AISI), U.S. steel mills produced at a capacity utilization rate of 61.7% for the week ending Aug. 29. The rate marked a decline from the 63.0% recorded for the week...

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Ironically, China has briefly become the home for unwanted global overproduction

China became a net importer of steel for the second consecutive month in July. This happened despite its crude steel production rising 9% year on year and demand from infrastructure and construction remaining subdued. Are you prepared for your annual steel contract negotiations? Be sure to check out our 5 best practices.  Demand drivers Several…

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China became a net importer of steel for the second consecutive month in July. This happened despite its crude steel production rising 9% year on year and demand from infrastructure and construction remaining subdued. Are you prepared for your annual steel contract negotiations? Be sure to check out our 5 best practices.  Demand drivers Several...

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World Steel Association: Global steel output drops 2.5% in July

Despite China’s ramping up of its steel output, global steel output declined in July 2020. According to the most recent reporting from the World Steel Association, global crude steel production fell 2.5% in July on a year over year basis. Production for the month totaled 152.7 million metric tons, according to the World Steel Association….

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Despite China’s ramping up of its steel output, global steel output declined in July 2020. According to the most recent reporting from the World Steel Association, global crude steel production fell 2.5% in July on a year over year basis. Production for the month totaled 152.7 million metric tons, according to the World Steel Association....

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U.S. steel capacity utilization inches closer to 60%

The U.S. steel sector’s steel capacity utilization rate has continued to inch upward in recent months, rising to 59.3% for the week ending Aug. 1. Production for the week ending Aug. 1 totaled 1.33 million net tons, according to the American Iron and Steel Institute (AISI). Steel production gains 0.6% U.S. steel production for the…

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The U.S. steel sector’s steel capacity utilization rate has continued to inch upward in recent months, rising to 59.3% for the week ending Aug. 1. Production for the week ending Aug. 1 totaled 1.33 million net tons, according to the American Iron and Steel Institute (AISI). Steel production gains 0.6% U.S. steel production for the...

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This Morning in Metals: Canadian P1020 aluminum exports to U.S. fall in July

This morning in metals news: the Aluminum Association of Canada reported the country’s aluminum exports to the U.S. have declined; Great Lakes region steel production is down this year; and the International Tin Association commented on Yunnan province’s tin stockpiling initiative. Canadian aluminum exports to the U.S. decline Canada’s aluminum exports to the U.S. are…

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This morning in metals news: the Aluminum Association of Canada reported the country’s aluminum exports to the U.S. have declined; Great Lakes region steel production is down this year; and the International Tin Association commented on Yunnan province’s tin stockpiling initiative. Canadian aluminum exports to the U.S. decline Canada’s aluminum exports to the U.S. are...

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Week in Review: Housing starts rise; oil price recovers; shipping lines face challenges

Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner: Sign up today for Gunpowder, MetalMiner’s free, weekly e-newsletter featuring news, analysis and more. U.S. housing starts surged in June. MetalMiner’s Stuart Burns took a look at the recovering oil price….

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Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines on MetalMiner: Sign up today for Gunpowder, MetalMiner’s free, weekly e-newsletter featuring news, analysis and more. U.S. housing starts surged in June. MetalMiner’s Stuart Burns took a look at the recovering oil price....

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U.S. steel capacity utilization rate ticks up to 55.4%

The percentage of U.S. steel mills’ capacity utilization rate jumped to 55.4% for the week ending June 27, up from 54.6% for the previous week. U.S. steel production for the week ending June 27 totaled 1.24 million tons, according to the American Iron and Steel Institute (AISI), up 1.3% from the previous week but down…

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The percentage of U.S. steel mills’ capacity utilization rate jumped to 55.4% for the week ending June 27, up from 54.6% for the previous week. U.S. steel production for the week ending June 27 totaled 1.24 million tons, according to the American Iron and Steel Institute (AISI), up 1.3% from the previous week but down...

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May global crude steel production drops 8.7% year over year

Although demand and overall economic activity in China has begun to recover in recent weeks, overall global steel production in May remained down compared with May 2019 levels. According to data reported by the World Steel Association, global crude ste…

Although demand and overall economic activity in China has begun to recover in recent weeks, overall global steel production in May remained down compared with May 2019 levels. According to data reported by the World Steel Association, global crude steel production totaled an estimated 148.8 million tons in May, down 8.7% from May 2019. Looking...

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