Automotive

Today in MetalCrawler we’re happy to report new investment in cold-rolled steel production and 100 new industry jobs. Novelis continues to do its part for recycled aluminum products, too.

100% Recycled Aluminum

Novelis, Inc. has launched the first independently certified material to be made of 100% recycled aluminum.

Free Download: Cut Your Construction Material Shipping Costs

The first product in the evercycle portfolio is designed for aluminum food containers. It is certified by SCS Global Services to contain 100% recycled aluminum, made up of 90% post-consumer content and 10% customer manufacturing scrap.

Evercycle is commercially available now in North America and it expects it to become available elsewhere soon.

New Life for Detroit Steel Plant

Ferrous CAL Co. of Cleveland plans to invest $53 million in the former McLouth Steel and Detroit Cold Rolling plant in Gibraltar, Mich.

The Wayne County Commission voted unanimously today to OK a brownfield cleanup for the mostly inactive steel plant site.

Ferrous CAL bought the plant last month and plans to upgrade and clean the 42.5-acre site to produce steel for automotive companies and other customers. The company expects to create 100 jobs as part of its investment, and 15 employees who were already working at the site will keep their jobs.

{ 0 comments }

MetalMiner™ invades Southeast Michigan! Join us on Friday, May 22 for the POOL4TOOL SRM Automotive Summit at the Townsend Hotel in Birmingham, Michigan. Our own Lisa Reisman, CEO, Azul Partners and Executive Editor, MetalMiner, will serve as keynote speaker for the event and will cover Sourcing Strategies for the Automotive Metals H2 2015. You can register for this FREE event, here.

{ 0 comments }

Car aficionados are an excitable lot.

Free Download: Cut Your Aluminum Shipping Costs

A couple of days ago, Jaguar revealed its sleek, XF model to the world. Though 7-millimeters shorter and 3 mm lower than the car it replaces, the all-new XF has more rear space, more legroom, knee room and headroom. As is the case with any launch of a new car, enthusiasts just cannot stop raving about details such as horsepower, fuel consumption, and high-tech mumbo jumbo.

Yet, for metal analysts and, dare I say lovers (such as we her at MetalMiner), one thing about the new Jaguar XF that stands out is its weight. Or rather, the lack of it. The car, because of the extensive use of automotive aluminum (75% in its overall architecture), is 190 kilograms lighter than its predecessor, and 80 kg lighter than some rivals. That includes a lighter engine, too, which, for car lovers, translates into high mileage and lower pollution.

{ 0 comments }

LME copper prices, Chinese lead prices, and Korean aluminum premium prices rose this week, while US HDG steel prices and US palladium prices dropped. For exact price points of all of these and more, click below!

For full access to this MetalMiner membership content:
Log In |

As someone who cut his eye teeth on a Yamaha YDS7 — yes, Google it and you’ll find they stopped making them decades ago — I have always had a soft spot for the Japanese manufacturer’s excellent two-stroke bikes.

Buying a New Car on an Overseas Vacation? Lock in Your Shipment Costs

On the track and in terms of sales, Yamaha Motor Corp. has always played second fiddle to their bigger rival Honda Motor Co. Ltd. but that has generally been a spur to innovation rather than a limitation. After a couple of abortive attempts in the past, Yamaha is finally getting serious, they say, about evolving from two wheels to four.

Personally, I am not sure it is such a great idea but if you are going to do it this approach sounds better than the motorcycle manufacturer’s previous attempts. According to the Financial Times, Yamaha is teaming up with Gordon Murray, the former Formula One car designer, to launch a two-seater commuter vehicle in Europe as early as 2019. The design is for a two-door, two-seater similar to a concept car showcased in 2013 called the Motiv.

{ 0 comments }

MetalCrawler crawls the web for metal news you can use.

Free Download: Cut Your International Shipment Costs

Today, U.S. Steel Corp. received approval for its Alabama electric arc furnace, Aleris might expand its European automotive aluminum plant and copper futures hit a new three-week low.

Aleris Corp. may expand its capacity for production of aluminum sheet for automobiles in Europe when the economy there recovers, its top executive said, as demand for lightweight materials continues to grow.

{ 0 comments }

MetalCrawler’s latest news today includes an agreement in the oil strike that’s had managers camping in at a refinery in Toledo, Ohio.

Free Download: Cut Your Shipment Costs

Low prices and cheap imports have caused a Minnesota iron ore operation to be shut down and Ford Motor Co.’s aluminum-bodied F-150 truck is enjoying sales success.

{ 0 comments }

Alcoa’s latest move, as reported earlier in MetalMiner, to acquire, Pittsburgh-based RTI International Metals Inc., in a $1.5 billion stock for stock deal is a logical and sound strategic move, building on the aluminum producer’s long-term plan to invest in downstream, value-added activities and gradually move away from the lower-return primary smelting business.

FREE Download: The Monthly MMI® Report – covering the Aluminum market.

Alcoa has invested heavily in new production facilities to meet an inexorable rise in demand for automotive sheet and to capitalize on it’s position as a major player in the equally buoyant aerospace sector.

{ 0 comments }

North American Palladium's stock rose by 51.8% in the past month. This combination of strong price performance and favorable technical data, could suggest that the stock is on the right path.

Free Download: Lock in Ore Transport Costs

North American is an established PGM producer that has been operating its main revenue source, its Lac des Iles mine in northern Ontario, Canada, since 1993.

For full access to this MetalMiner membership content:
Log In |

MetalMiner’s monthly Automotive MMI® has hit some bumps in the road – but the wheels haven’t quite fallen off yet.

Our automotive metals price index fell to 85 in March, a decrease of 2.3% from 87 in February. While automotive continues to be one of our stronger metal sectors, particularly aluminum and palladium used in automotive applications, it’s being dragged down by crude oil and other commodities that are keeping prices low.

Free Download: Cut your inventory, improve your working capital.

Despite a relatively healthy US automotive industry and strong results from manufacturers of original equipment (OEMs), prices are not rising for automotive raw materials such as steel and copper. Copper prices are a big component of our Automotive MMI® and their free-fall continues (even though the 3-month LME copper price inched up a bit this month). General Motors recently cut production of some of its more popular models as the cars are sitting on dealer lots awaiting buyers despite low prices and abundant supply of materials.

Thanks to the war in Ukraine and economic sanctions, Russia’s steel costs are now the lowest in the world and, as with gold before it, Russian steelmakers such as Severstal and Novolipetsk Steel are taking advantage of the situation by exporting heavily and getting paid in dollars and euros for the same steel – whose production is paid for by rubles that are worth at least 50% less.

US HRC and HDG both lost significant price territory to US steel imports this month, as US producers cut prices in an attempt to compete with the imports. According to recent figures released by the American Iron and Steel Institute (AISI), US steel imports rose 33% in January compared with the year before, reaching 3.85 million tons, compared with 2.9 million tons a year earlier, as reported by the WSJ. “The jump in imports comes as oil and gas drillers cancel orders for steel pipe, underscoring the resilience of overall U.S. demand compared with other markets,” according to the Journal. The continuing decline in the price of iron ore is also a factor in falling steel prices.