MetalCrawler scours the web for the latest metal news, whether it’s Apple inventing a new gold alloy just for its devices, major acquisitions, the price of steel or whether Marvel/Disney will finally cave and accurately change the name of its trillion dollar movie franchise to Titanium Alloy Man. Check back daily for our daily roundup of MetalCrawler stories!
Steel Imports Continue to Rise
- Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the US imported a total of 4,250,000 net tons (NT) of steel in January 2015, including 3,429,000 NT of finished steel (up 16.8% and 15.9%, respectively, vs. December final data). Year-to-date (YTD) total and finished steel imports are 4,250,000 and 3,429,000 NT, respectively, up 33% and 40% respectively, vs. the same period in 2014. Finished steel import market share was an estimated 32% in January.
What’s Gold Got To Do With It?
- Apple is right about now revealing more details on Apple Watch, a smartwatch that pairs with the iPhone. Live coverage started at 1 p.m. ET. If you want to watch, Apple is livestreaming the event on their site. What’s this got to do with metals? Business Insider reports that regular 18-karat gold wasn’t good enough for Apple as it’s not pure gold — it’s an alloy of three parts gold to one part other material. Apple has produced a new patented alloy that contains less gold per volume while retaining the same 3:1 ratio and 18K classification. Yes, Apple gold is apparently better than regular gold. Better start saving now if you want a gold Apple Watch as its expected to cost $10,000 (or more).
Alcoa Will Acquire RTI Int’l Metals
- Alcoa Inc. said it would acquire Pittsburgh-based RTI International Metals Inc., one of the world’s largest makers of fabricated titanium products for the aerospace and automotive industries, in a stock transaction with a total value of $1.5 billion. Alcoa has been aggressively pursuing the automotive and aerospace sectors for more than a year now as it seeks to diversify itself far beyond its pure aluminum origins. Alcoa picked up Firth Rixson for the same reasons last year.