Michigan’s blue economy helps the state grow and innovate. This is the state’s blue economy at work: $22.6B in economic activity passes through the Soo Locks each year, including 95% of the domestic iron ore used in US steel production.
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The Soo Locks is a critical engine of Michigan's blue economy and represents a huge potential frontier for startups and innovation. I'm proud to be part of the freshwater tech industry, collaborating with partners like Headwaters North based in Sault Sainte Marie. Together, we’re tapping into the immense potential this region holds for the next generation of freshwater startups. #BlueEconomy #FreshwaterTech #MichiganInnovation #SaultSainteMarie #SooLocks #StartupEcosystem Nikki Storey Vince Nystrom Miche Rayment Thomas Roush Taylor Meilstrup Meghan Mitchell
Michigan’s blue economy helps the state grow and innovate. This is the state’s blue economy at work: $22.6B in economic activity passes through the Soo Locks each year, including 95% of the domestic iron ore used in US steel production.
Soo Locks
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Surprising: the global steel top 50 reads like a geopolitical chessboard — incumbents defending castles while challengers cut through the ranks. According to worldsteel’s Top Producers 2025, the list of the 50 largest steelmakers highlights consolidation, regional power shifts, and tech-driven output gains reshaping capacity and supply dynamics. If you work in procurement, infrastructure, or metals markets, this changes negotiation leverage and risk maps. Which company move surprised you most? Comment below, share with a colleague, or message me to unpack the implications. To know more, visit the Source: https://lnkd.in/drZzgzYR #Machining for the #SteelIndustry
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🇦🇺 Aluminium Supply Shock Revives Western Smelters Recent disruptions in global aluminium supply have reignited an important conversation about industrial resilience and domestic metals production. Years of relatively low prices, high energy costs, and increasing imports led to the closure of several aluminium smelters across North America and Europe. Today, tightening supply, geopolitical disruptions, and stronger aluminium prices are encouraging some of these facilities to restart operations. The significance extends well beyond aluminium itself. Governments are increasingly recognizing that metals such as aluminium are strategic assets supporting aerospace, automotive manufacturing, renewable energy infrastructure, electrical transmission, packaging, and defense industries. Supply security is becoming just as important as production costs. This marks a shift in industrial policy. Rather than relying heavily on imported metals, many economies are reassessing the value of maintaining domestic production capacity, even when operating costs are higher. Strategic resilience is becoming part of the economic equation. For Western economies, restarting smelters could strengthen manufacturing competitiveness, create skilled jobs, and reduce supply chain vulnerabilities. For global markets, it may gradually reshape trade flows while encouraging further investment in low-carbon aluminium production. The aluminium market is demonstrating a broader reality: future industrial competitiveness will increasingly depend on secure, diversified, and resilient supply chains rather than lowest-cost sourcing alone. #FEHUResources #Aluminium #MiningIndustry #Manufacturing #NaturalResources #IndustrialGrowth #SupplyChain #EnergyTransition #ResourceSecurity #Metals
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𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗜𝗿𝗼𝗻 𝗢𝗿𝗲 𝗙𝗹𝗼𝘄𝘀 𝘁𝗼 𝗘𝘅𝗽𝗮𝗻𝗱 𝗦𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗶𝗻 𝗤𝟯; 𝟮𝟬𝟮𝟲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗶𝘀 𝗚𝗹𝗼𝗼𝗺𝘆 💡H1 Slowdown: Canadian seaborne iron ore shipments in the first half of 2026 fell sharply y/y, driven by weaker Q2 loadings and operational challenges at key ports. 💡Trade Route Shifts: Flows to traditional markets like Mainland China and Europe slipped, while shipments to Southeast Asia surged, reflecting strategic diversification although this growth does not fully offset declines in other markets. 💡Outlook for Q3: Modest growth is projected for Q3, driven by innovative high-grade output and industry moves toward low-carbon steel. However, ongoing challenges and shifting global demand could shape the trajectory ahead. Rahul Kapoor Pranay Shukla Nasiha Fauzi
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What's driving the metals market this month? Our July Monthly Metals Brief covers the latest pricing, market trends, and key insights across steel, aluminum, stainless, and red metals to help you stay ahead.
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In this videos Tory talks about seasonal trends in the metals market. As well as why June and July are two months to watch the metals market. To watch our full 2026 Q2 summary, use the link below. https://lnkd.in/gWPSWK42
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One aluminum market signal deserves attention this week. Magnitude 7 Metals announced it will restart part of its Missouri aluminum smelter, adding 75,000 metric tons of annual primary aluminum capacity before year-end. https://lnkd.in/gUca8J3a 𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗮𝘁𝘁𝗲𝗿? • It suggests that the aluminum market economics have shifted enough to justify restarting idled capacity. • It does not mean supply constraints will disappear overnight. Years of reduced capacity can't be reversed with a single restart. • It reinforces why organizations should watch supply trends alongside price movements. Today's price only tells part of the story. If you're using AI to understand developments like this, make sure it's working from trusted market data, not just publicly available web content. That's exactly why standards like MCP are becoming more important. MetalMiner's free MCP Server provides AI applications with access to proprietary aluminum prices and market intelligence. https://lnkd.in/gwHKRGWa
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Zane Hengsperger from NOX METALS on The Vesting Show on how the US education system gutted American manufacturing: "The American college education system was one of the worst things to happen to American manufacturing. It basically said working in a factory is unsexy, go into consulting or finance." "But as soon as I stepped back into the world of industrials, I was like, these are some of the smartest people I know." host - Bryce Johnson
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This is a clip of our Quarter 2 summary of the metals market. Tory talks about Metals prices as well as where he sees the market going. Check out the full video here! https://lnkd.in/gWPSWK42
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Famous for knowing the exact cost of producing each ton of steel, Andrew Carnegie tracked expenses down to the cent. By running thin margins and upping efficiency, Carnegie pioneered detailed cost-accounting systems in American industry. Learn how today's businesses can still benefit from the strategies Andrew Carnegie used to become the richest steel mogul in America in this interesting read: https://bit.ly/4wvwp4i
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