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The UN nuclear agency failed to reach an agreement with Iran
Strong natural gas prices...
Googling "Energy Act...
Oil prices continue to fall...
According to a third-party ranking website, MetalMiner is the largest metal-related media website in the United States. Look at problems, trends,... from a pre-emptive global perspective
According to the American Iron and Steel Institute, as of the week of November 13, the capacity utilization rate of the U.S. steel industry reached 84.1%. Steel capacity utilization rate
The utilization rate of steel capacity reached 84.1%, which was higher than the 83.4% in the previous week.
The total output of steel products last week was 1.86 million tons, an increase of 0.6% from the previous month. Compared with the same period last year, steel production increased by 14.5%. In the same period last year, the utilization rate of steel production capacity reached 73.3%.
Since the beginning of this year, steel output has reached 82.58 million tons, a year-on-year increase of 20.0%.
On Monday, President Joe Biden signed the Infrastructure Investment and Employment Act into law after months of debate in Congress.
Bills of more than $1 trillion include $550 billion for infrastructure improvements such as roads, bridges, and power grids.
In a speech on South Lawn on Monday, Biden said: "This law makes it the most significant investment in roads and bridges in the past 70 years." "It has made the most significant investment in passenger rail and public transportation in the past 50 years. .
"So, what-it means you will be safer, you will get there faster, we will have a lot of pollution-less pollution in the air.
"Bipartisan laws will modernize our ports, airports and freight railroads, make it easier for companies to bring goods to the market; reduce the supply chain bottlenecks we are now experiencing; and reduce costs for you and your family."
As we mentioned earlier, the American Iron and Steel Institute estimates that for every US$100 billion invested, steel demand will increase by as much as 5 million tons.
At the same time, the Aluminum Association touted the benefits of the bill to the aluminum industry.
The industry organization said this week: “The $37 billion in new bridge funding is essential for our industry to better build our country’s bridges.” “The new aluminum alloy can reduce maintenance and extend the service life. Lower costs throughout the life cycle. Aluminum bridge decks also provide an attractive way to increase the rated load of the bridge by reducing the static load of the bridge itself. The installation cost of this type of solution is much lower and can be reduced Traffic downtime."
As we pointed out in this month's raw material MMI, steel prices have finally started to weaken.
US HRC prices closed at US$1,859 per short ton last week, down 3.58% from the previous month. At the same time, the price of hot-dip galvanizing in the United States closed at US$2,201 per short ton last week, down 0.9% month-on-month.
CRC prices closed at US$2,126 per short ton, down 0.7% from the previous month.
At the same time, the plate price fell 1.0% to US$1,807 per short ton.
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