This Morning in Metals: U.S. steel prices rise

This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you.  Steel prices rise U.S. steel prices are on the rise, but…

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This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you.  Steel prices rise U.S. steel prices are on the rise, but...

The post This Morning in Metals: U.S. steel prices rise appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Raw Steels MMI: U.S. steel prices make gains, aided by auto sector

The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value.  Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up…

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The Raw Steels Monthly Metals Index (MMI) increased by 4.3% for this month’s value.  Does your company have a steel buying strategy based on current steel price trends? U.S. steel prices start increasing HRC prices increased by over 5.4% throughout August, closing at $486/st. During the first two weeks of September, the price rallied up...

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This Morning in Metals: U.S. steel capacity utilization rate rises to 65.1%

This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends?…

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This morning in metals news: U.S. steel capacity utilization reached 65.1% for the week ending Sept. 12, the World Trade Organization released a report covering the U.S.’s Section 301 tariffs on Chinese goods; and the copper price approached a two-year high. Does your company have an aluminum buying strategy based on current steel price trends?...

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U.S. steel sector capacity utilization rate rises two percentage points

After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior…

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After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior...

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This Morning in Metals: U.S. energy exports, imports nearly equal in May

This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want…

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This morning in metals news: the U.S.’s levels of exports and imports were approximately equal in May, according to the Energy Information Administration; Vale offered an update on emergency protocols at two of its dikes; and the U.S. has seen elevated levels of imports of standard pipe and tin plate in recent months. You want...

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The case for firmer steel scrap prices

Pandemic-related lockdowns constrained the global scrap market earlier this year. Consequently, operations were restricted or closed down. But even as containments have eased, the market has been slow to come back — resulting in rising prices for steel and base metal scrap over the summer. Stop obsessing about the actual forecasted steel price. It’s more…

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Pandemic-related lockdowns constrained the global scrap market earlier this year. Consequently, operations were restricted or closed down. But even as containments have eased, the market has been slow to come back — resulting in rising prices for steel and base metal scrap over the summer. Stop obsessing about the actual forecasted steel price. It’s more...

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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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This Morning in Metals: SHFE copper heads for fifth consecutive monthly rise

This morning in metals news: copper on the SHFE is headed for its fifth straight month of price increases; a Swedish joint venture is ramping up its efforts toward producing fossil-fuel-free steel; and Mexico is instituting a new export pre-approval pr…

This morning in metals news: copper on the SHFE is headed for its fifth straight month of price increases; a Swedish joint venture is ramping up its efforts toward producing fossil-fuel-free steel; and Mexico is instituting a new export pre-approval process to avoid reimposition of steel tariffs by U.S. President Donald Trump. Do you know...

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This Morning in Metals: China picks up steel buying from India

This morning in metals news: China’s steel purchases from neighbor India have jumped this year; Japan’s Nippon Steel is wary of China’s steel dominance; and the U.S. trade deficit in goods increased in July. You want more MetalMiner on your terms. Choose how often you hear from us – weekly, monthly, or quarterly – by…

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This morning in metals news: China’s steel purchases from neighbor India have jumped this year; Japan’s Nippon Steel is wary of China’s steel dominance; and the U.S. trade deficit in goods increased in July. You want more MetalMiner on your terms. Choose how often you hear from us – weekly, monthly, or quarterly – by...

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U.S. steel imports surge in July, powered by surge from blooms, billets and slabs

U.S. steel imports picked up in July, the U.S. Census Bureau reported in its monthly steel import data release today. U.S. imports of steel reached an estimated 2.4 million metric tons in July, nearly doubling the 1.3 million metric tons imported the p…

U.S. steel imports picked up in July, the U.S. Census Bureau reported in its monthly steel import data release today. U.S. imports of steel reached an estimated 2.4 million metric tons in July, nearly doubling the 1.3 million metric tons imported the previous month. Are you prepared for your annual steel contract negotiations? Be sure...

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