Steel & Metals News

United States Of America - Bylt has issued a volatility alert on copper prices and supply chains in the wake of unstable mining operations related to worker strike, closures and or geo-political resistance or market manipulations. We will continue to track these issues. At the time of writing this alert copper was trading at $3.73 a pound. Copper…

Copper continued its downward trend, falling to a 15-month low below $4 per pound amid mounting fears of a global economic slowdown caused by aggressive tightening by major central banks and persistent coronavirus outbreaks in China. The third most used metal worldwide is copper. More than a third of the copper produced worldwide is produced in…

The metals market has responded to economic decisions recently taken by the US and China. Precious metals had volatile prices during the last few weeks, in great part due to the expected interest rate hike. The prices of gold, silver and platinum are currently under opposing market forces, according to Trading Economics: precious metals are a hedge…

United States Of America - Copper futures fell to $4.2 per pound, the lowest level in nearly ten weeks, as inventories increased and investors reduced risk exposure in anticipation of the US Fed announcing a faster end to its bond-buying program. On-warrant LME inventories in certified warehouses increased to 82,850 tons, the highest level in…

Bras, Sweeden - Volvo Group unveiled the world's first vehicle constructed entirely of fossil-free steel from SSAB – manufactured at Volvo Construction Equipment's Bras, Sweden, facility. During today's green steel collaboration event, it was announced that additional vehicles will be introduced in 2022 as part of a series of concept vehicles and…

Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then predicted the AEC related segments show promise. Segments in the construction related indicators compiled by…

Pittsburgh, Pennsylvania — An exploratory site selection process for the construction of a new state-of-the-art mini mill in the United States was announced today by United States Steel Corporation (NYSE: X), which is a part of the company's ongoing transition to its Best for All℠ strategy. It has been authorized by the United States Steel…

Washington, DC - US futures rose on Monday, attempting to recover from last week's massive losses, which saw the S&P 500 post its worst performance since June and the Nasdaq post its worst performance since July. Traders continue to analyze evidence of slowing growth in the face of the spread of the coronavirus delta variant, uncertainty…

Milford, Connecticut - As construction budgets have blown up the past year and half we are releasing details on a new cost modeling and value-engineering investigatory report performed by AGGRECOST™ . The modeled construction project was a affordable multi-family housing project commissioned by CHFA (Connecticut Housing Finance Authority)…

Commodity markets have been influenced by major decisions from the two largest economies in the world - USA and China - and also by concerns about the Delta variant. In this article, we will discuss the short-term outlook for industrial metals that are relevant for construction, and also precious metals. Copper Copper futures had been…

ADA, OKLAHOMA— LegalShield today released its May Economic Stress Index, a collection of leading indicators of household and small business economic and financial health in the United States. Two of its subindices, the LegalShield Housing Construction and Housing Sales Indices, both increased for the third consecutive month to new…

A month has passed after the Biden Administration presented the American Jobs Plan, which seeks to invest $2.3 trillion in US infrastructure over 10 years. While Democrats and Republicans agree that infrastructure upgrades are necessary, they differ in two key areas: what counts as infrastructure, and how much should be invested. Republican…

US ports have an economic contribution of $5.4 trillion per year, which represents 26% of national GDP, according to the American Association of Port Authorities (AAPA). The US has more than 300 ports, and they generate over 30 million jobs. However, their infrastructure is lagging behind globally, and major investments are required to remain…

During his visit to Pittsburgh on March 31, President Biden presented the American Jobs Plan, often referred to as the infrastructure plan. He had already discussed the general aspects during the March 25 press conference, but now the plan has been presented in greater detail, and the White House published a detailed fact sheet. The American…

On Monday 29, the Biden Administration announced several actions to support the offshore wind power industry, which include installing 30 gigawatts of capacity by 2030. This is enough generation capacity to meet the electricity needs of 10 million US homes, while preventing the emission of 78 million metric tons of carbon dioxide. This initiative…